GBP/CHF Down 21 Pips On 4 Hour Chart, 4 Day Down Streak Broken; in a Downtrend Over Past 14 Days

GBP/CHF 4 Hour Price Update

Updated June 22, 2020 01:09 PM GMT (09:09 AM EST)

The back and forth price flow continues for GBP/CHF, which started the current 4 hour candle off at 1.1783, down 21 pips 0.18% from the last 4 hour candle. Compared to its peers in the Forex, GBP/CHF gave its buyers a return that ranked 32nd in terms of percentage change since the last 4 hour candle.

GBP/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

A moment of silence, please, for the end of GBP/CHF’s 4 day down streak; price ended the previous day up 7 pips (0.06%) to finish the day at a rate of 1.1759533056. Compared to its peers in the Forex, GBP/CHF gave its buyers a return that ranked 6th in terms of percentage change since the previous day. Here is a price chart of GBP/CHF.

GBP/CHF Technical Analysis

Notably, the current price of GBP/CHF is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 100 day average, which is 196 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. Or to simplify this another way, note that out of the past 30 days GBP/CHF’s price has gone up 15 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!