GBP/CHF Up 4 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 30 Days

2 mins read
GBPCHF

Hourly Update (Last Updated March 26, 2021 1:58 GMT) At the time of this writing, GBPCHF’s rate is up 4 pips (0.03%) from the hour prior. GBPCHF has seen its price go up 8 out of the past 10 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on GBPCHF. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals,…

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