GBPCHF Down 12 Pips in Last Hour, 3 Day Up Streak Broken; in an Uptrend Over Past 30 Days
Price action traders may also wish to note that we see a doji candlestick pattern on gbpchf.
GBPCHF
(Last Updated January 18, 2021)
Hello! This is the news page for GBPCHF. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for GBPCHF
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| United Kingdom BoE Haldane Speech | NA | British Pound | GBP | 2021-01-19 | 18:00 GMT | ||
| United Kingdom Inflation Rate MoM | Dec 2020 | British Pound | GBP | 2021-01-20 | 07:00 GMT | 0.2% | |
| United Kingdom Core Inflation Rate YoY | Dec 2020 | British Pound | GBP | 2021-01-20 | 07:00 GMT | 1.3% | |
| United Kingdom Inflation Rate YoY | Dec 2020 | British Pound | GBP | 2021-01-20 | 07:00 GMT | 0.5% | |
| United Kingdom BoE Gov Bailey Speech | NA | British Pound | GBP | 2021-01-20 | 17:00 GMT |
The Trend
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for GBPCHF.
GBPCHF Moving Averages
The moving averages on GBPCHF indicate a trend that is clearly bullish.
The chart below illustrates.
As for assets in the Forex asset class GBPCHF has been correlated to over the past week, it has demonstrated the strongest correlation with GBPJPY. If we zoom out to a two week basis, though, EURGBP is the asset most correlated to GBPCHF. On the flip side, AUDUSD has been the asset least correlated with GBPCHF — but over the past two weeks, the asset least correlated with GBPCHF has been NZDUSD. See the chart below to observe the recent price action in GBPCHF versus those of assets it hasn’t been well correlated with.
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The View From the Weekly Timeframe
At the moment, GBPCHF’s rate is up 111 pips (0.92%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as GBPCHF has now gone up 4 of the past 5 weeks. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 5, 10 and 20 week timeframes. Looking further out, the moving averages on the weekly 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’s weekly price action over the past 52 weeks can be seen via the chart below.
GBPCHF: The Monthly View
Strongest trend on the 120 month timeframe.
GBP/CHF Up 3 Pips Over Past Hour, Moves Up For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
GBPCHF Down 2 Pips in Last Hour, 3 Day Up Streak Ended; in an Uptrend Over Past 14 Days
For additional context, note that price has gone up 8 out of the past 14 days.
GBPCHF Up 8 Pips On Hourly Chart, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 10 days gbpchf’s price has gone up 6 them.
GBPCHF Up 11 Pips in Last Hour
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
GBPCHF Down 1 Pips in Last Hour
Compared to its peers in the forex, gbpchf gave its buyers a return that ranked 8th in terms of percentage change since the previous day.
GBPCHF Up 4 Pips Over Past Hour, 4 Day Up Streak Broken; Pin Bar Pattern Appearing on Chart
Compared to its peers in the forex, gbpchf gave its buyers a return that ranked 21st in terms of percentage change since the previous day.
GBPCHF Up 4 Pips On Hourly Chart; Entered Today Up For the 4th Straight Day
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
GBPCHF Up 1 Pips Over Past Hour, Moves Up For the 3rd Day In A Row; Eyes 50 Day Average
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
GBPCHF Down 2 Pips On Hourly Chart; Breaks Above 50 Day Average
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.