(Last Updated July 13, 2022 1:40 GMT)
Currently, GBPCHF’s rate is down -2 pips (-0.02%) from the hour prior. GBPCHF has seen its price go down 5 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
GBPCHF End of Day Recap
Updated 00:30 GMT (04:30 EST)
GBPCHF is down 29 pips (0.24%) since the day prior (opening today near 1.166258592), marking the 2nd day in a row it has gone down. Out of the 39 instruments in the Forex asset class, GBPCHF ended up ranking 27th for the day in terms of price change. Below is a price chart of GBPCHF.
GBPCHF Technical Analysis
Notably, GBPCHF is now close to its 20 day averages, located at 1.1734 respectively, and thus may be at a key juncture along those timeframes. Volatility for GBPCHF 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 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 6 out of the past 10 days.