(Last Updated November 10, 2022 1:47 GMT)
At the time of this writing, CHFJPY’s rate is down -600 pips (-0.04%) from the hour prior. This is the 2nd consecutive hour CHFJPY has seen its price head down. 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.
CHFJPY End of Day Recap
Updated 00:30 GMT (04:30 EST)
CHFJPY entered today at 147.73, down 26 pips (0.18%) from the day prior. Out of the 39 instruments in the Forex asset class, CHFJPY ended up ranking 21st for the day in terms of price change. Below is a price chart of CHFJPY.
CHFJPY Technical Analysis
Coming into today CHFJPY is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 14 day timeframe. For additional context, note that price has gone up 15 out of the past 30 days.