GBP/CHF Forecast Today 05/06: Buying Opportunities (Video)
(MENAFN- Daily Forex) The British pound has fallen rather drastically against the Swiss franc as we are seeing a run to safety during the session on Tuesday is predicated on the idea that the global Economy may be struggling and I\u0026#39;m kind of surprised that\u0026#39;s a surprise speaking, it appears that people have been pumping up risk assets just to dump them off on the unsuspecting public. This is the way of markets this point, the markets are now starting to try to price this in. I still believe in the interest rate differential between the two eventually overwhelming things, but right now we are obviously in some type of panic-driven sell-off when it comes to risk assets. Underneath current trading, we have the 1.13 level that could offer significant support, and we also have the 200-day EMA try to get there. This of course is a major indicator that a lot of people will pay close attention to, so I think it\u0026rsquo;s worth noting that it is down in that general vicinity. Top Forex Brokers 1 Get Started 74% of retail CFD accounts lose money Read Review BrokerGeoLists({ type: \u0027MobileTopBrokers\u0027, id: \u0027mobile-top-5\u0027, size: 5, getStartedText: \u0060Get Started\u0060, readReviewText: \u0060Read Review\u0060, }); var Top5PanelSections = { Logo: \u0027broker_carrousel_i\u0027, Button: \u0027broker_carrousel_n\u0027, }200-Day EMAThe 200-day EMA is a massive indicator that a lot of people will be paying close attention to with the markets, perhaps defining the trend on that. As long as we can stay above the 200-day EMA, then you have at least an argument for an uptrend the market were to turn back around and take back the 1.15 level on a daily close and get above there, then I think you\u0026#39;ve got a situation where the market probably continues to go much higher. We have shot straight up in the air for a while, and now we\u0026#39;re starting to show lots of choppy hesitation. That\u0026#39;s not a huge surprise. I\u0026#39;m looking for buying opportunities, but I recognize at this point, you don\u0026#39;t necessarily want to catch a falling knife.
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