GBP/CHF Down 48 Pips in Last Hour, 2 Day Up Streak Ended; Nears 20 Day Moving Average

2 mins read

Hourly Update (Last Updated March 22, 2021 1:47 GMT) Currently, GBPCHF’s rate is down -48 pips (-0.37%) from the hour prior. GBPCHF has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100, 200 and 50 hour moving averages, resulting in them with price now being below them. The moving averages on the hourly timeframe suggest a choppiness in…

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