CHFJPY Down 3 Pips in Last Hour, in an Uptrend Over Past 14 Days; Eyes 20 Day Average

Hourly Update

(Last Updated February 19, 2021 23:18 GMT)

At the time of this writing, CHFJPY’s rate is down -300 pips (-0.03%) from the hour prior. The hourly chart shows that CHFJPY has seen 3 straight down hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 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)

The choppiness in the recent daily price action of CHFJPY continues; to start today, it came in at a price of 117.953, up 15 pips (0.13%) since the previous day. Out of the 39 instruments in the Forex asset class, CHFJPY ended up ranking 18th for the day in terms of price change. Below is a price chart of CHFJPY.

CHFJPY

CHFJPY Technical Analysis

Coming into today CHFJPY is now close to its 20, 50, 100 and 200 day averages, located at 117.3858, 117.0963, 116.1243 and 115.2138 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days CHFJPY’s price has gone up 16 them.

The View From Around the Web

Of note is that traders in aggregate have opinions on CHFJPY, with 11 buy signals on our radar and 1 sell signals. This imputes a buy/sell ratio of 11, which is very bullish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

weekly forex forecast 22,26 February 2021 CHFJPY Forecast : look to sell CHFJPY in the next week