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GBPCHF

(Last Updated February 24, 2021)

Hello! This is the news page for 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

metric_name reference_period asset_name asset_id date time forecast outcome
United Kingdom BoE Monetary Policy Report Hearings NA British Pound GBP 2021-02-24 14:30 GMT
United Kingdom BoE Gov Bailey Testimony NA British Pound GBP 2021-02-24 14:30 GMT
United Kingdom Nationwide Housing Prices YoY Feb 2021 British Pound GBP 2021-02-26 07:00 GMT
United Kingdom Nationwide Housing Prices MoM Feb 2021 British Pound GBP 2021-02-26 07:00 GMT
Switzerland KOF Leading Indicators Feb 2021 Swiss Franc CHF 2021-02-26 08:00 GMT 96.6

The Trend

If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for GBPCHF.

GBPCHF Moving Averages

The moving averages on GBPCHF indicate a trend that is clearly bullish.

The chart below illustrates.

Regarding GBPCHF’s correlations over the past 7 days, it has demonstrated the strongest correlation with EURCHF. Over the past 14 days, however, EURGBP is the asset most correlated to GBPCHF. On the flip side, USDNOK has been the asset least correlated with GBPCHF — but over the past two weeks, the asset least correlated with GBPCHF has been CHFJPY. See the chart below to observe the recent price action in GBPCHF versus those of assets it hasn’t been well correlated with.

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The View From the Weekly Timeframe

Currently, GBPCHF’s rate is up 225 pips (1.79%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as GBPCHF has now gone up 9 of the past 10 weeks. Regarding the trend, note that the strongest trend exists on the 5 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.

GBPCHF Up 2 Pips Over Past Hour, in an Uptrend Over Past 14 Days; Doji and Pin Bar Patterns Appearing on Chart

Categories Forex News Tags GBPCHF
February 11, 2021February 10, 2021

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.

GBPCHF Up 5 Pips On Hourly Chart, in an Uptrend Over Past 90 Days; Doji and Pin Bar Patterns Appearing on Chart

Categories Forex News Tags GBPCHF
February 10, 2021February 9, 2021

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.

GBPCHF Down 2 Pips Over Past Hour, in an Uptrend Over Past 90 Days; Doji and Pin Bar Patterns Appearing on Chart

Categories Forex News Tags GBPCHF
February 9, 2021February 5, 2021

This is a reversal of the price action on the previous hour, in which price moved up.

GBPCHF Down 2 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 14 Days

Categories Forex News Tags GBPCHF
February 5, 2021February 4, 2021

This is the 2nd straight hour gbpchf has seen its price head down.

GBPCHF Up 1 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; Entered Today Up For the 4th Straight Day

Categories Forex News Tags GBPCHF
February 3, 2021February 3, 2021

Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

GBPCHF Up 1 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 30 Days

Categories Forex News Tags GBPCHF
February 3, 2021February 1, 2021

Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

GBPCHF Up 5 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Moves Up For the 2nd Straight Day

Categories Forex News Tags GBPCHF
February 1, 2021January 29, 2021

Or to simplify this another way, note that out of the past 14 days gbpchf’s price has gone up 9 them.

GBPCHF Down 2 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 30 Days

Categories Forex News Tags GBPCHF
January 29, 2021January 28, 2021

Compared to its peers in the forex, gbpchf gave its buyers a return that ranked 14th in terms of percentage change since the previous day.

GBPCHF Up 18 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; 2 Day Up Streak Broken

Categories Forex News Tags GBPCHF
January 29, 2021January 27, 2021

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up.

GBPCHF Up 2 Pips On Hourly Chart, Moves Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days

Categories Forex News Tags GBPCHF
January 28, 2021January 26, 2021

Of note is that the 100 hour changed directions on gbpchf; it is now pointing up.

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