(Last Updated January 18, 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:
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| United Kingdom BoE Haldane Speech | NA | British Pound | GBP | 2021-01-19 | 18:00 GMT | ||
| United Kingdom Inflation Rate MoM | Dec 2020 | British Pound | GBP | 2021-01-20 | 07:00 GMT | 0.2% | |
| United Kingdom Core Inflation Rate YoY | Dec 2020 | British Pound | GBP | 2021-01-20 | 07:00 GMT | 1.3% | |
| United Kingdom Inflation Rate YoY | Dec 2020 | British Pound | GBP | 2021-01-20 | 07:00 GMT | 0.5% | |
| United Kingdom BoE Gov Bailey Speech | NA | British Pound | GBP | 2021-01-20 | 17:00 GMT |
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for GBPCHF.
The moving averages on GBPCHF indicate a trend that is clearly bullish.
The chart below illustrates.
As for assets in the Forex asset class GBPCHF has been correlated to over the past week, it has demonstrated the strongest correlation with GBPJPY. If we zoom out to a two week basis, though, EURGBP is the asset most correlated to GBPCHF. On the flip side, AUDUSD has been the asset least correlated with GBPCHF — but over the past two weeks, the asset least correlated with GBPCHF has been NZDUSD. See the chart below to observe the recent price action in GBPCHF versus those of assets it hasn’t been well correlated with.
.
At the moment, GBPCHF’s rate is up 111 pips (0.92%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as GBPCHF has now gone up 4 of the past 5 weeks. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 5, 10 and 20 week timeframes. 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. GBPCHF’s weekly price action over the past 52 weeks can be seen via the chart below.
Strongest trend on the 120 month timeframe.
The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 29.19% from the day prior, but up 21.62% from the same day the week before.
This imputes a buy/sell ratio of 1, which is neutral.
The closest is the 200 day average, which is 273.7 pips away.
Alternatively, regarding pairs with the lowest correlation to gbp/chf?
As for the rationale, technical traders seem to be citing the appearance of a wedge technical pattern.
The closest is the 20 day average, which is 78.5 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.
Out of the 40 instruments in the forex asset class, gbp/chf ended up ranking 36th for the day in terms of day-over-day price change.
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.
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.