GBPCHF

(Last Updated July 14, 2020)

Welcome to the news page for GBPCHF (GBPCHF). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

As for trends on GBPCHF, we’re seeing an uptrend on shorter timeframes — but a downtrend on the 90 and 30 day timeframes. As such, traders with short positions should be aware of the downtrend in place on the longer timeframes.

GBPCHF Moving Averages

The moving averages on GBPCHF summarize its price action in an interesting way. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 200 are bullish, suggesting the trend is generally upward, save for a drop that occurred about 6 months ago.

Below is a chart showing GBPCHF’s price with its moving averages.

As for assets in the Forex asset class GBPCHF has been correlated to over the past week, it has been most correlated with USDMXN. If we zoom out to a two week basis, though, GBPUSD is the asset most correlated to GBPCHF. On the flip side, USDCAD has been the asset least correlated with GBPCHF — but if we observe the prior two weeks, the asset least correlated with GBPCHF has been EURJPY. The chart below illustrates GBPCHF against its least correlated assets.

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The View From the Weekly Timeframe

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