GBPCHF-BUYS

GBP/CHF Analysis

10-Year Trend:
- Overall Trend: Bearish
- Observation: The pair is following a wick-fill pattern.

1-Year Trend:
- Extended Run: Numerous closes below the SMA.
- Current Status:Presently, there is a bullish candle expected to close above the SMA. Currently, it is below the SMA with 5 months and 21 days remaining for the yearly candle to close.
- Additional Note: The current 1-year candle has broken above the previous high of the 2023 candle.

2-Week Trend:
- SMA Interaction: The first close below the SMA (indicating a potential return to mean).

1-Day Trend:
- Recent Activity:** The price broke above the previous daily high.
- Expectation: Anticipating a continuation to 1.16757, which represents a move of 100 pips.