(Last Updated November 4, 2021 3:20 GMT)
At the time of this writing, GBPCHF’s rate is down -3 pips (-0.02%) from the hour prior. GBPCHF has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 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)
GBPCHF is up 26 pips (0.21%) since yesterday (opening today near 1.24809876), marking the 2nd consecutive day an increase has occurred. Compared to its peers in the Forex, GBPCHF gave its buyers a return that ranked 17th in terms of percentage change since yesterday. Below is a price chart of 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 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 8 out of the past 14 days.