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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.

.

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.

GBPCHF Down 12 Pips in Last Hour, 3 Day Up Streak Broken; in an Uptrend Over Past 30 Days

Categories Forex News Tags GBPCHF
January 22, 2021January 22, 2021

Price action traders may also wish to note that we see a doji candlestick pattern on gbpchf.

GBP/CHF Up 3 Pips Over Past Hour, Moves Up For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart

Categories Forex News Tags GBPCHF
January 21, 2021

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

Categories Forex News Tags GBPCHF
January 22, 2021January 19, 2021

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

Categories Forex News Tags GBPCHF
January 19, 2021January 18, 2021

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

Categories Forex News Tags GBPCHF
January 18, 2021January 15, 2021

Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.

GBPCHF Down 1 Pips in Last Hour

Categories Forex News Tags GBPCHF
January 15, 2021January 14, 2021

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

Categories Forex News Tags GBPCHF
January 14, 2021January 13, 2021

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

Categories Forex News Tags GBPCHF
January 13, 2021January 12, 2021

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

Categories Forex News Tags GBPCHF
January 12, 2021January 8, 2021

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

Categories Forex News Tags GBPCHF
January 8, 2021January 7, 2021

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.

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