AUD/CHF Up 11 Pips On Hourly Chart, in an Uptrend Over Past 14 Days; Eyes 20 Day Average

Hourly Update

(Last Updated July 29, 2022 1:35 GMT)

At the moment, AUDCHF’s rate is up 11 pips (0.17%) from the hour prior. This is the 2nd consecutive hour AUDCHF 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 20 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 entered today at 0.6657, down 45 pips (0.67%) from the previous day. Compared to its peers in the Forex, AUDCHF gave its buyers a return that ranked 30th in terms of percentage change since the previous day. Here is a price chart of AUDCHF.

AUDCHF

AUDCHF Technical Analysis

The first thing we should note is that AUDCHF is now close to its 20, 50 and 200 day averages, located at 0.6639, 0.6746 and 0.6749 respectively, and thus may be at a key juncture along those timeframes. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 20 day average, which is 18.1 pips away. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed down. Or to simplify this another way, note that out of the past 14 days AUDCHF’s price has gone up 8 them.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for AUDCHF; just 1 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 that we thought you might enjoy.