GBP/CHF Down 22 Pips On Hourly Chart, Makes Big Move Relative to Past Three Months; Came Into Today Down For the 2nd Day In A Row
Price action traders may also wish to note that we see a pin bar candlestick pattern on gbpchf.
May 20, 2022 21:52 GMT
Over the past 88 days, the trend for GBPCHF’s price has been choppy and unclear. It has oscillated between $1.2107 and $1.2522.
Over the past 135 days, GBPCHF’s price has been in a clear downtrend, falling by about $0.00 per day.
GBPCHF’s price has moved up $0.02 over the prior 24 months.
GBPCHF has a price of $1.2173, down 0.51% from its value 21 days prior.
+ 500 – Internal server error
+ 500 – Internal server error
Price action traders may also wish to note that we see a pin bar candlestick pattern on gbpchf.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.
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.
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 up 18 out of the past 30 days.
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
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.
This move is a reversal from the hour prior, which saw price move up.
Compared to its peers in the forex, gbpchf gave its buyers a return that ranked 15th in terms of percentage change since the previous day.