GBP/CHF Fundamental & Chart Analysis
FUNDAMENTAL ANALYSIS
( Comparing the historical health, stability, growth and value of a country's currency to current and/or future
expectations to help make higher probability trading decisions. )
GBP most recent and upcoming economic events
- Unemployment Rate ( 3.8 same as previous )
- Unemployment Claims ( -20.1k higher than previous )
- Year over Year inflation rates ( Forecasted 9.5, .4% higher than previous )
- Gfk Consumer Confidence ( Forecasted -44.0, -3.0 lower than previous )
- Retail Sales ( Forecasted -0.2%, -0.3% higher than previous )
- S&P Global/CIPS Manufacturing PMI Flash ( Forecasted 51.9, .9 lower than previous )
*GBP Commentary
- Overheated and reached peak, starting to cool down— entering a contraction phase of a business cycle. BoE recognizes current economic conditions and has hawkishly adjusted their interest rates in response to increasing and forecasted to be higher inflation rates.
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CHF most recent and upcoming economic events
- Balance of trade ( 2.57—higher than previous but lower than forecasted. )
- Year over Year Retail Sales ( 3.4% forecast, higher than previous but lower than previously forecasted )
- KOF Leading Indicators ( 97.7 forecast, higher than previous but lower than previously forecasted )
*CHF Commentary
- CHF economy in contraction phase. Forecasting higher than previously reported but lower than previously forecasted supports a weakening economy caused by a middle hawkish interest rate hike in June, 2022 of 50bps ( -.75% — -.25% )
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CHART/TECHNICAL ANALYSIS
( Comparing the historical price (re)action before, during and after economic event announcements, chart and
candlestick pattern formations, including support and resistant levels for trends and overlays. )
Long term downtrend where price formed a descending triangle pattern over the course of almost a year. Price recently fell below long and short term moving averages and descending triangle support levels. If price falls the length of gap for descending triangle pattern it could land near 1.14000. Entry 1.69000. Stop Loss 1.8900 ( 1.45/1.00 )
( Comparing the historical health, stability, growth and value of a country's currency to current and/or future
expectations to help make higher probability trading decisions. )
GBP most recent and upcoming economic events
- Unemployment Rate ( 3.8 same as previous )
- Unemployment Claims ( -20.1k higher than previous )
- Year over Year inflation rates ( Forecasted 9.5, .4% higher than previous )
- Gfk Consumer Confidence ( Forecasted -44.0, -3.0 lower than previous )
- Retail Sales ( Forecasted -0.2%, -0.3% higher than previous )
- S&P Global/CIPS Manufacturing PMI Flash ( Forecasted 51.9, .9 lower than previous )
*GBP Commentary
- Overheated and reached peak, starting to cool down— entering a contraction phase of a business cycle. BoE recognizes current economic conditions and has hawkishly adjusted their interest rates in response to increasing and forecasted to be higher inflation rates.
…………………………………………….…………………………………………….
CHF most recent and upcoming economic events
- Balance of trade ( 2.57—higher than previous but lower than forecasted. )
- Year over Year Retail Sales ( 3.4% forecast, higher than previous but lower than previously forecasted )
- KOF Leading Indicators ( 97.7 forecast, higher than previous but lower than previously forecasted )
*CHF Commentary
- CHF economy in contraction phase. Forecasting higher than previously reported but lower than previously forecasted supports a weakening economy caused by a middle hawkish interest rate hike in June, 2022 of 50bps ( -.75% — -.25% )
…………………………………………….…………………………………………….
CHART/TECHNICAL ANALYSIS
( Comparing the historical price (re)action before, during and after economic event announcements, chart and
candlestick pattern formations, including support and resistant levels for trends and overlays. )
Long term downtrend where price formed a descending triangle pattern over the course of almost a year. Price recently fell below long and short term moving averages and descending triangle support levels. If price falls the length of gap for descending triangle pattern it could land near 1.14000. Entry 1.69000. Stop Loss 1.8900 ( 1.45/1.00 )
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