GBP/CHF Up 29 Pips in Last Hour, Came Into Today Up For the 6th Straight Day; in an Uptrend Over Past 30 Days

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GBPCHF

Hourly Update (Last Updated February 22, 2021 1:50 GMT) Currently, GBPCHF’s rate is up 29 pips (0.23%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. GBPCHF End of Day Recap Updated 00:30 GMT…

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