(Last Updated April 22, 2022 1:43 GMT)
At the moment, EURCHF’s rate is down 0 pips (0%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 50 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.
EURCHF End of Day Recap
Updated 00:30 GMT (04:30 EST)
EURCHF is up 29 pips (0.28%) since the day prior (opening today near 1.03261), marking the 3rd day in a row an upward move has occurred. Out of the 39 instruments in the Forex asset class, EURCHF ended up ranking 16th for the day in terms of price change. Here is a price chart of EURCHF.
EURCHF Technical Analysis
The first thing we should note is that EURCHF is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe. For additional context, note that price has gone up 7 out of the past 14 days.