(Last Updated September 13, 2022 1:39 GMT)
Currently, CHFJPY’s rate is up 300 pips (0.02%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. 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 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 120 pips (0.81%) since the day prior (opening today near 149.39), marking the 5th straight day it has gone up. Out of the 39 instruments in the Forex asset class, CHFJPY ended up ranking 7th for the day in terms of price change. Here is a price chart of CHFJPY.
CHFJPY Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 19 out of the past 30 days.