Once we will receive any bullish confirmation the trade will be executed.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
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.
This is a reversal of the price action on the previous hour, in which price moved down.
And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well.
Compared to its peers in the forex, audchf gave its buyers a return that ranked 21st in terms of percentage change since the day prior.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
Volatility for audchf has been contracting over the past two weeks relative to volatility over the past month.
The closest is the 20 day average, which is 14.9 pips away.
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.