(Last Updated February 19, 2021 23:17 GMT)
At the time of this writing, CADCHF’s rate is down -1 pips (-0.02%) from the hour prior. This is the 2nd straight hour CADCHF has seen its price head down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on CADCHF. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
CADCHF End of Day Recap
Updated 00:30 GMT (04:30 EST)
CADCHF entered today at 0.70655, down 9 pips (0.13%) from the previous day. Compared to its peers in the Forex, CADCHF gave its buyers a return that ranked 30th in terms of percentage change since the previous day. The price chart of CADCHF below illustrates.
CADCHF Technical Analysis
Coming into today CADCHF is now close to its 20, 50, 100 and 200 day averages, located at 0.7011, 0.6975, 0.6956 and 0.6948 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 14 days CADCHF’s price has gone up 8 them.