GBPCHF Up 2 Pips Over Past Hour, in an Uptrend Over Past 14 Days; Doji and Pin Bar Patterns Appearing on Chart

Hourly Update

(Last Updated February 11, 2021 1:25 GMT)

At the time of this writing, GBPCHF’s rate is up 2 pips (0.02%) from the hour prior. The hourly chart shows that GBPCHF has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 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 entered today at 1.2328563478, down 20 pips (0.16%) from the previous day. Relative to other instruments in the Forex asset class, GBPCHF ranked 26th the previous day in terms of percentage price change. Let’s take a look at price chart of GBPCHF.

GBPCHF

GBPCHF Technical Analysis

Coming into today GBPCHF is now close to its 20 and 50 day averages, located at 1.2202 and 1.2058 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving up 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. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.