GBP/CHF Up 32 Pips in Last 4 Hours, Makes Big Move Relative to Two Week Trend; Moves Down For the 3rd Day In A Row
Compared to its peers in the forex, gbp/chf gave its buyers a return that ranked 31st in terms of percentage change since yesterday.
GBPCHF
(Last Updated July 7, 2020)
Hello! This is the news page for GBPCHF. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
On GBPCHF, there is currently a downtrend on the 90 and 30 day timeframes.
GBPCHF Moving Averages
Across several time periods between 20 and 200 days, the trend on GBPCHF has remained consistently bearish.
Below is a chart showing GBPCHF’s price with its moving averages.
Regarding GBPCHF’s correlations over the past 7 days, it has demonstrated the strongest correlation with GBPCAD. If we zoom out to a two week basis, though, the asset showing the strongest correlation to GBPCHF is GBPUSD. Alternatively, EURCAD has been the asset least correlated with GBPCHF — but if we observe the prior two weeks, USDHKD has been the asset least correlated with GBPCHF. The chart below illustrates GBPCHF against its least correlated assets.
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GBP/CHF Up 16 Pips in Last 4 Hours, Moves Down For the 3rd Day In A Row; Doji and Pin Bar Patterns Appearing on Chart
Counter trend trade, so i’ll be looking out for reversals at key levels !
GBP/CHF Down 6 Pips in Last 4 Hours, in a Downtrend Over Past 30 Days; Price Base in Formation Over Past 14 Days
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.
GBP/CHF Up 7 Pips Over Past 4 Hours, Price Base in Formation Over Past 90 Days; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 17 out of the past 30 days.
GBP/CHF Down 5 Pips On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; in a Downtrend Over Past 30 Days
This imputes a buy/sell ratio of 2.57, which is bullish.
GBP/CHF Down 11 Pips in Last 4 Hours, 4 Day Up Streak Broken; Pin Bar Pattern Appearing on Chart
Volatility for gbp/chf has been contracting over the past two weeks relative to volatility over the past month.
GBP/CHF Up 29 Pips Over Past 4 Hours, Entered Today Up For the 3rd Day In A Row; in a Downtrend Over Past 14 Days
This imputes a buy/sell ratio of 1.1, which is neutral.
GBP/CHF Up 27 Pips in Last 4 Hours, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
The closest is the 20 day average, which is 215.4 pips away.
GBP/CHF Down 17 Pips On 4 Hour Chart, Moves Up For the 2nd Day In A Row; Social Sentiment Biased Towards Buying
The closest is the 100 day average, which is 140.8 pips away.
GBP/CHF Up 18 Pips in Last 4 Hours, Moves Down For the 2nd Day In A Row; in a Downtrend Over Past 14 Days
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.