GBP/CHF 4 Hour Price Update
Updated April 09, 2020 01:05 AM GMT (09:05 PM EST)
The back and forth price flow continues for GBP/CHF, which started the current 4 hour candle off at 1.2039, up 10 pips 0.08% from the last 4 hour candle. Compared to its peers in the Forex, GBP/CHF gave its buyers a return that ranked 12th in terms of percentage change since the last 4 hour candle.
GBP/CHF End of Day Recap
Updated 00:30 GMT (04:30 EST)
GBP/CHF is up 14 pips (0.12%) since yesterday (opening today near 1.2044052), marking the 2nd day in a row an upward move has occurred. Relative to other instruments in the Forex asset class, GBP/CHF ranked 17th yesterday in terms of percentage price change. Here is a price chart of GBP/CHF.
GBP/CHF Technical Analysis
Coming into today GBP/CHF is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. Volatility for GBP/CHF has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed up. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 7 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!