CHF/JPY Up 11 Pips in Last Hour, Came Into Today Up For the 4th Day In A Row; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated September 12, 2022 1:38 GMT)

At the time of this writing, CHFJPY’s rate is up 1120 pips (0.08%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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 is up 57 pips (0.39%) since yesterday (opening today near 148.19), marking the 4th day in a row an upward move has occurred. Relative to other instruments in the Forex asset class, CHFJPY ranked 7th yesterday in terms of percentage price change. The price chart of CHFJPY below illustrates.

CHFJPY

CHFJPY Technical Analysis

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 14 days CHFJPY’s price has gone up 8 them. And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well. Rejoice!

The View From Around the Web

We’re seeing some traders come out with interesting conviction on CHFJPY, with 0 buy signals on our radar and 4 sell signals. This imputes a buy/sell ratio of 0, which is quite bearish. Here’s a piece we found on tradingview.com that we thought you might enjoy.