AUDCHF Up 4 Pips Over Past Hour, Entered Today Up For the 2nd Straight Day; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated April 2, 2021 23:13 GMT)

Currently, AUDCHF’s rate is up 4 pips (0.05%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. 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 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.

AUDCHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

AUDCHF is up 6 pips (0.09%) since yesterday (opening today near 0.71747), marking the 2nd straight day an increase has occurred. Compared to its peers in the Forex, AUDCHF gave its buyers a return that ranked 21st in terms of percentage change since yesterday. Let’s take a look at price chart of AUDCHF.

AUDCHF

AUDCHF Technical Analysis

Coming into today AUDCHF is now close to its 20 and 50 day averages, located at 0.7166 and 0.7043 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone down 9 out of the past 14 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for AUDCHF; just 3 sell signals and 2 buy signals. This imputes a buy/sell ratio of 0.67, which is bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

This pair look very nice to push to the upside.In other to have a complete correction required to maintain the uptrend, there is need for major move to the downside before the real uptrend continue