(Last Updated September 13, 2021 11:17 GMT)
At the moment, EURCHF’s rate is up 12 pips (0.11%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as EURCHF has now gone up 4 of the past 5 hours. 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 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)
The choppiness in the recent daily price action of EURCHF continues; to start today, it came in at a price of 1.08465, up 8 pips (0.08%) since yesterday. Relative to other instruments in the Forex asset class, EURCHF ranked 13th yesterday in terms of percentage price change. Below 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 averages, located at 1.0796, 1.0808, 1.0883 and 1.0897 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed down. For additional context, note that price has gone up 7 out of the past 10 days.