(Last Updated February 24, 2021 0:23 GMT)
At the moment, GBPCHF’s rate is up 32 pips (0.25%) 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. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
GBPCHF End of Day Recap
Updated 00:30 GMT (04:30 EST)
GBPCHF is up 51 pips (0.4%) since yesterday (opening today near 1.2602204898), marking the 7th straight day an increase has occurred. Out of the 39 instruments in the Forex asset class, GBPCHF ended up ranking 14th for the day in terms of price change. Below is a price chart of GBPCHF.
GBPCHF Technical Analysis
Coming into today GBPCHF is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 10 days GBPCHF’s price has gone up 7 them.