(Last Updated April 8, 2020)
Welcome to the news page for GBPCHF. Below you’ll find our daily market updates. Here’s a summary of where things currently stand:
The Latest News On Trends by Moving Averages
Here is what the moving averages are indicating about the trend in the rate of GBPCHF:
20 Day Moving Average Direction: bullish
50 Day Moving Average Direction: bearish
100 Day Moving Average Direction: bearish
200 Day Moving Average Direction: bullish
How the Current GBPCHF Rate Fares Relative to the Past Year?
The exchange rate for GBPCHF closed yesterday at 1.19635395. That means that relative to the past year, the rate of GBPCHF is now closer to its 52 week low (1.11138) than its 52 week high (currently at 1.33229404).To dig deeper and get the latest news on GBPCHF, try the links below. You can also visit the MarketWatch or Investing.com pages on GBPCHF for more news as well.
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Compared to its peers in the forex, gbp/chf gave its buyers a return that ranked 21st in terms of percentage change since yesterday.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe.
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.
The closest is the 20 day average, which is 246 pips away.
Interestingly, a trend in the other direction exists on the 90 and 30 day timeframes, where price is headed down.
The closest is the 20 day average, which is 26.6 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.