CAD/CHF Up 2 Pips On Hourly Chart, 3 Day Up Streak Ended; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated November 2, 2022 1:37 GMT)

Currently, CADCHF’s rate is up 2 pips (0.03%) from the hour prior. The hourly chart shows that CADCHF has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists 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)

After 3 up days, CADCHF snaps its streak, falling 23 pips (-0.31%) over the past day to close at an exchange rate of 0.7328. 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

Coming into today CADCHF is now close to its 20, 50, 100 and 200 day averages, located at 0.7268, 0.7299, 0.7373 and 0.7412 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 14 day horizon; over that time period, price has been moving up. It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe. For additional context, note that price has gone up 15 out of the past 30 days.