AUD/CHF Down 197 Pips; in a Downtrend Over Past 14 Days

AUD/CHF Price Recap

AUD/CHF is down 197 pips (3.24%) since yesterday (with its current price near 0.5885), marking the 2nd day in a row a decrease has occurred. The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 76.38% from the day prior, and up 118.42% from the same day the week before. Out of the 40 instruments in the Forex asset class, AUD/CHF ended up ranking 38th for the day in terms of day-over-day price change. The price chart of AUD/CHF below illustrates.

AUD/CHF Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 14 days AUD/CHF’s price has gone down 11 them.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for AUDCHF; just 2 sell signals and 0 buy signals. This imputes a buy/sell ratio of 0, which is quite bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

If H4 time frame candel get close under 0.60100, you can get a short position in this symbol.Your targets are: Tp1: 0.59500Tp2: 0.59200Good Luck…