CHFJPY Up 1 Pips Over Past Hour, Moves Down For the 3rd Consecutive Day; Crosses 50 Day Moving Average

Hourly Update

(Last Updated February 25, 2021 0:19 GMT)

At the moment, CHFJPY’s rate is up 130 pips (0.01%) from the hour prior. This is the 2nd hour in a row CHFJPY has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them so that price is now turning above it. 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.

CHFJPY End of Day Recap

Updated 00:30 GMT (04:30 EST)

CHFJPY is down 88 pips (0.75%) since yesterday (opening today near 116.315), marking the 3rd consecutive day it has gone down. Relative to other instruments in the Forex asset class, CHFJPY ranked 36th yesterday in terms of percentage price change. Here is a price chart of CHFJPY.

CHFJPY

CHFJPY Technical Analysis

First things first: CHFJPY crossed below its 50 day moving average yesterday. 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 up 5 out of the past 10 days.