(Last Updated June 7, 2021 17:18 GMT)
Currently, EURCHF’s rate is down -1 pips (-0.01%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 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 25 pips (0.22%) since the day prior (opening today near 1.09358), 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 26th in terms of percentage change since the day prior. Below is a price chart of EURCHF.
EURCHF Technical Analysis
Moving average crossovers are always interesting, so let’s start there: EURCHF crossed below its 100 day moving average yesterday. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 20 day average, which is 25.3 pips away. It should be noted, though, the 20 day simple moving average turned downwards, which may be a bearish sign. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 30 days EURCHF’s price has gone down 18 them.
The View From Around the Web
Of note is that traders in aggregate have opinions on EURCHF, with 13 buy signals on our radar and 0 sell signals. Bulls may note that this suggests a buy/sell ratio that is infinite. But, let’s not get carried away with that idea just yet. 🙂 Here’s a piece we found on tradingview.com that we thought you might enjoy.