Weekly trades: GBP/NZD, CHF/JPY, USD/CHF, GBP/CHF

Brian Twomey Brian's Investment

To coincide with the previous post, we'll trade this week GBP/NZD, CHF/JPY, USD/CHF and GBP/CHF. All trades work as 2 USD and 2 non USD. GBP/CHF easily classifies as a wide range currency pair and matches GBP/NZD but because it trades in the GBP/USD universe, it rarely trades its full potential.

Current GBP/CHF price at 1.1700's doesn't exist as it trades at 67 year lows. The nearest average is 1.1814. Further drops to GBP/CHF means a new and lower monthly average must calculate.

GBP/NZD

Long 1.9090 and 1.9067 to target 1.9353

GBP/CHF

Long 1.1749 and 1.1728 to target 1.1899

Short 1.1899 to target 1.1791

CHF/JPY

Short 114.21 and 114.21 to target 113.27.

Long 113.27 to target 113.69

USD/CHF

Long 0.9367 and 0.9354 to target 0.9485.

Short 0.9485 to target 0.9427.

Author

Brian Twomey

Brian's Investment

Brian Twomey is an independent trader and a prolific writer on trading, having authored over sixty articles in Technical Analysis of Stocks & Commodities and Investopedia.

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