GBP/CHF Moves Down For the 9th Day In A Row; in a Downtrend Over Past 30 Days

GBP/CHF Price Recap

GBP/CHF is down 30 pips (0.26%) since yesterday (with its current price near 1.1581), marking the 9th day in a row it has gone down. This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 9.9% from the day before — and down 27.55% from the same day the week before. Relative to other instruments in the Forex asset class, GBP/CHF ranked 25th yesterday in terms of percentage price change. Let’s take a look at price chart of GBP/CHF.

GBP/CHF Technical Analysis

As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 20 day average, which is 673.4 pips away. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 9 out of the past 10 days.

The View From Around the Web

Of note is that traders in aggregate have opinions on GBPCHF, with 8 buy signals on our radar and 7 sell signals. This imputes a buy/sell ratio of 1.14, which is neutral. Here’s a piece we found on tradingview.com that we thought you might enjoy.