(Last Updated April 29, 2021 2:17 GMT)
At the moment, CHFJPY’s rate is down -270 pips (-0.02%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as CHFJPY has now gone down 5 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
CHFJPY End of Day Recap
Updated 00:30 GMT (04:30 EST)
CHFJPY is up 38 pips (0.32%) since yesterday (opening today near 119.386), marking the 4th day in a row an upward move has occurred. Compared to its peers in the Forex, CHFJPY gave its buyers a return that ranked 9th in terms of percentage change since yesterday. Here is a price chart of CHFJPY.
CHFJPY Technical Analysis
Notably, CHFJPY is now close to its 20, 50 and 100 day averages, located at 118.1513, 117.4626 and 117.2713 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 8 out of the past 14 days.
The View From Around the Web
Of note is that traders in aggregate have opinions on CHFJPY, with 3 buy signals on our radar and 11 sell signals. This imputes a buy/sell ratio of 0.27, which is bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.
chfjpy will drop down strongly next hours on tokyo market , this is the Best time to sell