(Last Updated February 17, 2021 23:17 GMT)
Currently, CHFJPY’s rate is down -160 pips (-0.01%) from the hour prior. CHFJPY has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. 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)
CHFJPY is up 36 pips (0.31%) since the previous day (opening today near 118.773), marking the 2nd day in a row it has gone up. Compared to its peers in the Forex, CHFJPY gave its buyers a return that ranked 15th in terms of percentage change since the previous day. Let’s take a look at price chart of CHFJPY.
CHFJPY Technical Analysis
The first thing we should note is that the current price of CHFJPY is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 10 days CHFJPY’s price has gone up 6 them.
The View From Around the Web
Of note is that traders in aggregate have opinions on CHFJPY, with 8 buy signals on our radar and 5 sell signals. This imputes a buy/sell ratio of 1.6, which is bullish. Here’s a piece we found on tradingview.com that we thought you might enjoy.