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GBP/CHF Up 2 Pips On Hourly Chart, 3 Day Up Streak Broken; in an Uptrend Over Past 30 Days
At the time of this writing, GBPCHF’s rate is up 0.0002 (0.02%) from the hour prior. This is the 2nd hour in a row GBPCHF has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Of note is that the 50 hour changed directions on GBPCHF; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. GBPCHF, which opened ... (full story)