GBP/CHF Up 1 Pips in Last Hour, 2 Day Down Streak Broken; Eyes 20 Day Average

Hourly Update

(Last Updated November 23, 2021 1:42 GMT)

At the moment, GBPCHF’s rate is up 1 pips (0.01%) from the hour prior. This is the 2nd hour in a row GBPCHF has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists 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)

The back and forth price flow continues for GBPCHF, which started today off at 1.249422872, up 6 pips 0.04% from yesterday. Relative to other instruments in the Forex asset class, GBPCHF ranked 25th yesterday in terms of percentage price change. Below is a price chart of GBPCHF.

GBPCHF

GBPCHF Technical Analysis

Coming into today the current price of GBPCHF is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 up 6 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!