(Last Updated April 5, 2021 2:20 GMT)
At the moment, GBPCHF’s rate is up 2 pips (0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
GBPCHF End of Day Recap
Updated 00:30 GMT (04:30 EST)
After 3 up days, GBPCHF snaps its streak, falling 5 pips (-0.04%) over the past day to close at an exchange rate of 1.3026568388. Compared to its peers in the Forex, GBPCHF gave its buyers a return that ranked 37th in terms of percentage change since the day prior. Here is a price chart of GBPCHF.
GBPCHF Technical Analysis
Coming into today GBPCHF is now close to its 20 day moving averages, which may act as price barrier for the asset. 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. Or to simplify this another way, note that out of the past 10 days GBPCHF’s price has gone up 6 them.
The View From Around the Web
Not much in terms quality buy/sell signals we’re seeing for GBPCHF; just 0 sell signals and 2 buy signals. This imputes a buy/sell ratio that’s infinite! But, let’s take that with a grain of salt. 🙂 Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.
Long after retest trend line and resistance zone