(Last Updated November 11, 2020 0:16 GMT)
Currently, CHFJPY’s rate is up 140 pips (0.01%) 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 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 51 pips (0.44%) since yesterday (opening today near 115.27), marking the 2nd day in a row an increase has occurred. Out of the 40 instruments in the Forex asset class, CHFJPY ended up ranking 16th for the day in terms of price change. Here is a price chart of CHFJPY.
CHFJPY Technical Analysis
Moving average crossovers are always interesting, so let’s start there: CHFJPY crossed above its 20, 50 and 100 day moving averages yesterday. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 50 day average, which is 7.1 pips away. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 15 out of the past 30 days.