The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
This move is a reversal from the hour prior, which saw price move up.
Price action traders may also wish to note that we see a doji candlestick pattern on gbpchf.
For additional context, note that price has gone down 8 out of the past 14 days.
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.
Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up.
Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.