GBPCHF Down 5 Pips On Hourly Chart; Makes Big Move Relative to Two Week Trend

Hourly Update

(Last Updated April 30, 2021 4:21 GMT)

At the moment, GBPCHF’s rate is down -5 pips (-0.04%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

GBPCHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

GBPCHF entered today at 1.268130682, down 1 pips (0%) from the day prior. Out of the 39 instruments in the Forex asset class, GBPCHF ended up ranking 24th for the day in terms of price change. Below is a price chart of GBPCHF.

GBPCHF

GBPCHF Technical Analysis

Coming into today the current price of GBPCHF 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 20 day average, which is 70.6 pips away. Volatility for GBPCHF has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe. For additional context, note that price has gone up 4 out of the past 10 days.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for GBPCHF; just 0 sell signals and 1 buy signals. Bulls may note that this suggests a buy/sell ratio that is infinite. But, let’s not get carried away with that idea just yet. 🙂 Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

Hi there Traders😄I’ve done a thorough analysis on this pair and this is my outlookI’m Bullish on this pair and I’m utilizing limit entries to snipe these entries I have used Trend-lines, S&D zones and Psych Levels to analyze this pair🎯Share your thoughts with me down below and any suggestions are appreciatedGod has blessed me and I hope he blesses you tooI wish you a profitable trading day💸💰Slick.⚜️