CAD/CHF Up 1 Pips On Hourly Chart, 3 Day Up Streak Broken; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated June 16, 2022 1:38 GMT)

At the time of this writing, CADCHF’s rate is up 1 pips (0.01%) from the hour prior. The hourly chart shows that CADCHF has seen 3 straight up hours. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. 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.

CADCHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

CADCHF, which opened today priced near 0.7704, is down 26 pips 0.34% since the previous day, marking a reversal from the day prior — and the end of a 3 day positive run. Compared to its peers in the Forex, CADCHF gave its buyers a return that ranked 23rd in terms of percentage change since the previous day. The price chart of CADCHF below illustrates.

CADCHF

CADCHF Technical Analysis

The first thing we should note is that the current price of CADCHF is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 12 out of the past 14 days.