(Last Updated November 12, 2021 5:16 GMT)
At the time of this writing, CHFJPY’s rate is up 3170 pips (0.26%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists 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 is down 36 pips (0.29%) since the day prior (opening today near 123.931), marking the 3rd day in a row a decline has happened. Relative to other instruments in the Forex asset class, CHFJPY ranked 28th the day prior in terms of percentage price change. Let’s take a look at price chart of CHFJPY.
CHFJPY Technical Analysis
Notably, CHFJPY crossed below its 20 day moving average yesterday. Volatility for CHFJPY has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 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 down 8 them.