EURCHF Up 4 Pips On Hourly Chart, Entered Today Down For the 2nd Day In A Row; Crosses 20 Day Moving Average

Hourly Update

(Last Updated January 6, 2021 2:18 GMT)

At the time of this writing, EURCHF’s rate is up 4 pips (0.03%) from the hour prior. This is the 2nd consecutive hour EURCHF has seen its price head 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 27 pips (0.25%) since yesterday (opening today near 1.07902), marking the 2nd day in a row it has gone down. Relative to other instruments in the Forex asset class, EURCHF ranked 22nd yesterday in terms of percentage price change. The price chart of EURCHF below illustrates.

EURCHF

EURCHF Technical Analysis

First things first: EURCHF crossed below its 20 day moving average yesterday. For additional context, note that price has gone up 5 out of the past 10 days.

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.

Hi folks. As the sentiment worsens for the Eurozone, EURCHF looks like a decent play, considering that it’s located near the strong technical zone (crossing of 21 and 50 moving averages). A potential short opportunity