GBP/CHF Up 3 Pips Over Past Hour, in a Downtrend Over Past 90 Days; Eyes 20 and 50 Day Averages

Hourly Update

(Last Updated May 4, 2022 1:42 GMT)

Currently, GBPCHF’s rate is up 3 pips (0.03%) 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 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 choppiness in the recent daily price action of GBPCHF continues; to start today, it came in at a price of 1.2234472602, up 16 pips (0.13%) since the day prior. Relative to other instruments in the Forex asset class, GBPCHF ranked 14th the day prior in terms of percentage price change. Here is a price chart of GBPCHF.

GBPCHF

GBPCHF Technical Analysis

Coming into today GBPCHF is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 14 days GBPCHF’s price has gone up 8 them.