GBPCHF

(Last Updated April 15, 2021)

Welcome to the news page for GBPCHF (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

The Trend

As for trends on GBPCHF, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.

GBPCHF Moving Averages

The moving averages on GBPCHF summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bullish, suggesting the trend is generally upward, aside from a fall about 3 weeks prior.

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

In terms of correlations over the past week for GBPCHF, it has demonstrated the strongest correlation with EURGBP. GBPCHF has been most correlated with EURGBP over the past 14 days also, so this may be a recurring pattern. Alternatively, NZDUSD has been the asset least correlated with GBPCHF — but over the past two weeks, the asset least correlated with GBPCHF has been ZARJPY. The chart below illustrates GBPCHF against its least correlated assets.

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The View From the Weekly Timeframe

At the moment, GBPCHF’s rate is up 50 pips (0.39%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as GBPCHF has now gone up 8 of the past 10 weeks. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. 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. The weekly chart below shows GBPCHF’s price action over the past year.

GBPCHF: The Monthly View

Monthly trend: strongest on the 120 month timeframe.