GBPCHF Up 6 Pips Over Past Hour, Moves Up For the 2nd Consecutive Day; in a Downtrend Over Past 30 Days

Hourly Update

(Last Updated November 15, 2021 18:19 GMT)

At the time of this writing, GBPCHF’s rate is up 6 pips (0.05%) from the hour prior. GBPCHF has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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 up 35 pips (0.29%) since the day prior (opening today near 1.235612187), marking the 2nd consecutive day an upward move has occurred. Compared to its peers in the Forex, GBPCHF gave its buyers a return that ranked 7th in terms of percentage change since the day prior. Here is a price chart of GBPCHF.

GBPCHF

GBPCHF Technical Analysis

Notably, GBPCHF is now close to its 20, 50 and 100 day averages, located at 1.2507, 1.2597 and 1.2624 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 10 days GBPCHF’s price has gone up 5 them.