Compared to its peers in the forex, gbp/chf gave its buyers a return that ranked 31st in terms of percentage change since yesterday.
Counter trend trade, so i’ll be looking out for reversals at key levels !
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
For additional context, note that price has gone up 17 out of the past 30 days.
This imputes a buy/sell ratio of 2.57, which is bullish.
Volatility for gbp/chf has been contracting over the past two weeks relative to volatility over the past month.
This imputes a buy/sell ratio of 1.1, which is neutral.
The closest is the 20 day average, which is 215.4 pips away.
The closest is the 100 day average, which is 140.8 pips away.
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.