EURCHF Up 3 Pips Over Past Hour, Came Into Today Down For the 2nd Day In A Row; in a Downtrend Over Past 14 Days

Hourly Update

(Last Updated October 16, 2020 3:17 GMT)

At the time of this writing, EURCHF’s rate is up 3 pips (0.03%) from the hour prior. EURCHF has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

EURCHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

EURCHF is down 27 pips (0.25%) since yesterday (opening today near 1.07015), marking the 2nd day in a row a decrease has occurred. Compared to its peers in the Forex, EURCHF gave its buyers a return that ranked 24th in terms of percentage change since yesterday. The price chart of EURCHF below illustrates.

EURCHF

EURCHF Technical Analysis

Notably, EURCHF is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe. For additional context, note that price has gone down 10 out of the past 14 days.