(Last Updated September 15, 2021 1:17 GMT)
At the time of this writing, EURCHF’s rate is up 1 pips (0.01%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on EURCHF. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 46 pips (0.43%) since the previous day (opening today near 1.08929), marking the 2nd consecutive day an upward move has occurred. Compared to its peers in the Forex, EURCHF gave its buyers a return that ranked 7th in terms of percentage change since the previous day. Let’s take a look at price chart of EURCHF.
EURCHF Technical Analysis
Notably, EURCHF crossed above its 100 day moving average yesterday. 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. Or to simplify this another way, note that out of the past 14 days EURCHF’s price has gone up 10 them.