CADCHF Down 2 Pips On Hourly Chart, in a Downtrend Over Past 14 Days; Nears 50, 100 and 200 Day Moving Averages

Hourly Update

(Last Updated November 4, 2021 3:15 GMT)

At the moment, CADCHF’s rate is down -2 pips (-0.03%) from the hour prior. The hourly chart shows that CADCHF has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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.

CADCHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for CADCHF, which started today off at 0.73605, down 10 pips 0.13% from the day prior. Compared to its peers in the Forex, CADCHF gave its buyers a return that ranked 28th in terms of percentage change since the day prior. Here is a price chart of CADCHF.

CADCHF

CADCHF Technical Analysis

The first thing we should note is that CADCHF is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed up. Or to simplify this another way, note that out of the past 30 days CADCHF’s price has gone up 15 them.

The View From Around the Web

We’re seeing some traders come out with interesting conviction on CADCHF, with 1 buy signals on our radar and 5 sell signals. This imputes a buy/sell ratio of 0.2, which is quite bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

CADCHF is falling very nicely .. It is pushing back from EMA 13 and 26 and perfect place to sellit is below the 200 EMA SL SR and TP is given in the chartWait for the result ..