(Last Updated September 6, 2021 23:12 GMT)
At the moment, AUDCHF’s rate is down -1 pips (-0.02%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
AUDCHF End of Day Recap
Updated 00:30 GMT (04:30 EST)
AUDCHF is up 46 pips (0.68%) since the previous day (opening today near 0.68115), marking the 6th consecutive day it has gone up. Relative to other instruments in the Forex asset class, AUDCHF ranked 3rd the previous day in terms of percentage price change. The price chart of AUDCHF below illustrates.
AUDCHF Technical Analysis
Notably, AUDCHF is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe. For additional context, note that price has gone up 17 out of the past 30 days.
The View From Around the Web
Not much in terms quality buy/sell signals we’re seeing for AUDCHF; just 1 sell signals and 3 buy signals. This imputes a buy/sell ratio of 3, which is bullish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.
I see a strong trend bullish.Big momentum.No signs of change yet.Somewhere between 50 and 100 pips.