(Last Updated June 15, 2022 1:40 GMT)
At the moment, CHFJPY’s rate is up 1840 pips (0.14%) from the hour prior. CHFJPY has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on CHFJPY. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 135.62, up 17 pips (0.13%) from the previous day. Compared to its peers in the Forex, CHFJPY gave its buyers a return that ranked 17th in terms of percentage change since the previous day. Here is a price chart of CHFJPY.
CHFJPY Technical Analysis
The first thing we should note is that CHFJPY is now close to its 20 and 50 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. Or to simplify this another way, note that out of the past 30 days CHFJPY’s price has gone up 17 them.