CHF/JPY Up 2 Pips in Last Hour, 3 Day Up Streak Broken; in an Uptrend Over Past 30 Days

Hourly Update

(Last Updated July 19, 2022 1:37 GMT)

Currently, CHFJPY’s rate is up 230 pips (0.02%) from the hour prior. This is the 2nd consecutive hour CHFJPY has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend 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, which opened today priced near 141.55, is down 0 pips 0% since the day prior, marking consecutive day — and the end of a 3 day positive run. Relative to other instruments in the Forex asset class, CHFJPY ranked 24th the day prior in terms of percentage price change. Below is a price chart of CHFJPY.

CHFJPY

CHFJPY Technical Analysis

Notably, the current price of CHFJPY is sitting close to its 20 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 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 5 out of the past 10 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.