The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
The closest is the 50 day average, which is 4.5 pips away.
It’s been a feast for bears operating on an hourly timeframe, as nzdchf has now gone down 4 of the past 5 hours.
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Given that we see downtrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Price action traders may also wish to note that we see a pin bar candlestick pattern on gbpchf.
The closest is the 100 day average, which is 28.4 pips away.
Compared to its peers in the forex, gbpaud gave its buyers a return that ranked 11th in terms of percentage change since yesterday.