(Last Updated November 16, 2021 1:48 GMT)
At the moment, GBPCHF’s rate is up 5 pips (0.04%) 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 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 53 pips (0.43%) since the previous day (opening today near 1.2409508097), marking the 3rd day in a row it has gone up. Compared to its peers in the Forex, GBPCHF gave its buyers a return that ranked 10th in terms of percentage change since the previous day. The price chart of GBPCHF below illustrates.
GBPCHF Technical Analysis
Coming into today the current price of GBPCHF is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 30 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.