This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 4.79% from the day before — and down 52.84% from the same day the week before.
The closest is the 20 day average, which is 7.3 pips away.
Trend traders will want to observe that the strongest trend appears on the 90 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.
This imputes a buy/sell ratio of 0.3, which is bearish.
Volatility for gbp/chf has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.
The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was up 8.69% from the day prior, but down 41% from the same day the week before.
This imputes a buy/sell ratio of 0.25, which is bearish.
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.
Volatility for eur/nok has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.