{"id":140162,"date":"2019-01-15T10:38:15","date_gmt":"2019-01-15T15:38:15","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=140162"},"modified":"2019-01-15T07:05:33","modified_gmt":"2019-01-15T12:05:33","slug":"gbpchf-analysis-swish-national-bank-reduced-the-volume-of-reserves","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/gbpchf-analysis-swish-national-bank-reduced-the-volume-of-reserves\/","title":{"rendered":"GBPCHF Analysis: Swish National Bank reduced the volume of reserves"},"content":{"rendered":"<div id=\"inves-2721085845\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 15, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/strong><\/p>\n<p><strong>The Swish National Bank reduced the volume of reserves<\/strong><\/p>\n<blockquote><p>In this review, we suggest considering another currency pair with the British pound. Is there a possibility for the <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/forex\/gbpchf\">GBPCHF<\/a> to rise?<\/p><\/blockquote>\n<p>Such dynamics indicate the strengthening of the British pound and the weakening of the Swiss franc. The British currency is rising before the parliamentary vote on the terms of Brexit, which is expected to be held on Tuesday, January 15. Let us recall that the UK\u2019s withdrawal from the European Union is scheduled to take place on March 29, 2019. A referendum on this issue took place in summer of 2016, which became the reason for the significant weakening of the pound. On January 16, data on inflation for December, which may also affect the dynamics of the exchange rate will be published in the UK. A negative factor for the Swiss franc was the reduction of reserves of the Swish National Bank in December 2018 by 2.7% compared to November. As a result, reserves fell to the low since September 2017 and amounted to 729 billion Swiss francs. In addition, the Swiss National Bank reported a loss in 2018 in the amount of 15 billion Swiss francs.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/ifccd.net\/uploads\/image\/14-01-2019.png\" alt=\"GBPCHF\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe, <b>GBPCHF: D1<\/b> has moved from the downtrend to the neutral and is trying to correct up. A number of technical analysis indicators formed buy signals. The further price increase is possible in case of the transfer of Brexit and publication of positive macroeconomic indicators in the UK.<\/p>\n<ul class=\"ul-tick\">\n<li>The <b>Parabolic indicator<\/b> gives a bullish signal.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/bolinger-bands\">Bollinger bands<\/a> have narrowed, which indicates low volatility. Both Bollinger bands are titled upward.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi\">RSI indicator<\/a> is above 50. It has formed a positive divergence.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator<\/a> gives a bullish signal.<\/li>\n<\/ul>\n<p>The bullish momentum may develop in case <b>GBPCHF<\/b> exceeds the upper Bollinger band and its last high at 1.23. This level may serve as an entry point. The initial stop loss may be placed below the two last fractal lows, the low since August 2017, the lower Bollinger band and the Parabolic signal at 1.229. After opening the pending order, we shall move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we are changing the potential profit\/loss to the breakeven point. More risk-averse traders may switch to the 4-hour chart after the trade and place there a stop loss moving it in the direction of the trade. If the price meets the stop level (1.229) without reaching the order (1.27), we recommend to close the position: the market sustains internal changes that were not taken into account.<\/p>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Summary of technical analysis<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 1.27<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 1.229<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p><div id=\"inves-1878296256\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets The Swish National Bank reduced the volume of reserves In this review, we suggest considering another currency pair with the British pound. Is there a possibility for the GBPCHF to rise? Such dynamics indicate the strengthening of the British pound and the weakening of the Swiss franc. The British currency is rising before [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-140162","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=140162"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140162\/revisions"}],"predecessor-version":[{"id":140177,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140162\/revisions\/140177"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=140162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=140162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=140162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}