EUR/CHF Up 2 Pips Over Past Hour, Came Into Today Up For the 2nd Day In A Row; Crosses 100 Day Moving Average

Hourly Update

(Last Updated September 8, 2021 1:46 GMT)

At the moment, EURCHF’s rate is up 2 pips (0.02%) from the hour prior. This is the 2nd straight hour EURCHF has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

EURCHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

EURCHF is up 25 pips (0.23%) since yesterday (opening today near 1.08894), marking the 2nd day in a row an increase has occurred. Compared to its peers in the Forex, EURCHF gave its buyers a return that ranked 15th in terms of percentage change since yesterday. Let’s take a look at price chart of EURCHF.


EURCHF Technical Analysis

First things first: 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. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed down. Or to simplify this another way, note that out of the past 10 days EURCHF’s price has gone up 7 them.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for EURCHF; just 3 sell signals and 0 buy signals. This imputes a buy/sell ratio of 0, which is quite bearish. Here’s a piece we found on; below is a short snippet from it to give you a taste.,Friends!Based on the technical analysis, and the recent minor fundamental news EURCHF looks bearish to me overall.I think marketmakers will be pushing the pair downThat is why we are going shortLike and subscribe and comment my ideas if you like them!