CAD/CHF Up 3 Pips Over Past Hour, Moves Up For the 2nd Straight Day; in a Downtrend Over Past 30 Days

Hourly Update

(Last Updated November 16, 2021 1:45 GMT)

Currently, CADCHF’s rate is up 3 pips (0.04%) from the hour prior. CADCHF has seen its price go up 8 out of the past 10 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 20 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)

CADCHF is up 60 pips (0.82%) since yesterday (opening today near 0.73948), marking the 2nd straight day an upward move has occurred. Compared to its peers in the Forex, CADCHF gave its buyers a return that ranked 2nd in terms of percentage change since yesterday. Here is a price chart of CADCHF.

CADCHF

CADCHF Technical Analysis

Notably, CADCHF crossed above its 20, 50 and 200 day moving averages yesterday. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 20 day average, which is 15.1 pips away. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up. Or to simplify this another way, note that out of the past 10 days CADCHF’s price has gone up 5 them.