CADCHF Up 1 Pips in Last Hour, Moves Down For the 4th Day In A Row; Nears 50 Day Moving Average

Hourly Update

(Last Updated June 10, 2021 7:17 GMT)

Currently, 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. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

CADCHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

CADCHF is down 9 pips (0.13%) since the previous day (opening today near 0.73947), marking the 4th day in a row a decline has happened. Compared to its peers in the Forex, CADCHF gave its buyers a return that ranked 27th in terms of percentage change since the previous day. Let’s take a look at price chart of CADCHF.

CADCHF

CADCHF Technical Analysis

The first thing we should note is that the current price of CADCHF is sitting close to its 20, 50 and 100 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 down 7 out of the past 14 days.