GBP/CHF Down 13 Pips in Last 4 Hours, Makes Big Move Relative to Past Month; 4 Day Down Streak Broken

GBP/CHF 4 Hour Price Update

Updated July 27, 2020 09:08 PM GMT (05:08 PM EST)

GBP/CHF is down 13 pips (0.11%) since the previous 4 hours (opening the current 4 hour candle near 1.1845), marking the 2nd candle in a row it has gone down. Out of the 37 instruments in the Forex asset class, GBP/CHF ended up ranking 28th for the four-hour candle in terms of price change.

GBP/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

GBP/CHF, which opened today priced near 1.177412496, is up 6 pips 0.05% since yesterday, marking a reversal from the day prior — and the end of a 4 day negative run. Out of the 40 instruments in the Forex asset class, GBP/CHF ended up ranking 11th for the day in terms of price change. Here is a price chart of GBP/CHF.

GBP/CHF

GBP/CHF Technical Analysis

The first thing we should note is that the current price of GBP/CHF 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. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 6 out of the past 10 days.