(Last Updated May 4, 2022 1:39 GMT)
Currently, EURCHF’s rate is up 4 pips (0.04%) from the hour prior. The hourly chart shows that EURCHF has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend 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 28 pips (0.28%) since yesterday (opening today near 1.03013), marking the 3rd straight day it has gone up. Relative to other instruments in the Forex asset class, EURCHF ranked 10th yesterday in terms of percentage price change. Let’s take a look at price chart of EURCHF.
EURCHF Technical Analysis
Coming into today EURCHF is now close to its 20, 50, 100 and 200 day averages, located at 1.0224, 1.024, 1.0334 and 1.0508 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Or to simplify this another way, note that out of the past 30 days EURCHF’s price has gone down 16 them.
The View From Around the Web
Not much in terms quality buy/sell signals we’re seeing for EURCHF; just 1 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 tradingview.com; below is a short snippet from it to give you a taste.
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