AUD/CHF Up 1 Pips Over Past Hour, Entered Today Down For the 6th Consecutive Day; is Inching Close to 200 Day Average
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
AUDCHF
(Last Updated October 19, 2020)
Welcome to the news page for AUDCHF (AUDCHF). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
As for trends on AUDCHF, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.
AUDCHF Moving Averages
Nuances in the trend on AUDCHF can be understood by observing the behavior of its moving averages. Of the 20, 50, 100, and 200 day averages — three of them (all but the 100) — are bearish, implying a downward trend, aside from a spike about 3 months prior.
Below is a chart showing AUDCHF’s price with its moving averages.
Regarding AUDCHF’s correlations over the past 7 days, it has demonstrated the strongest correlation with EURAUD. EURAUD is the asset with which AUDCHF has been most correlated with over the past two weeks as well, so this may be a recurring pattern. On the flip side, USDCNH has been the asset least correlated with AUDCHF — but if we observe the prior two weeks, the asset least correlated with AUDCHF has been CADJPY. See the chart below to observe the recent price action in AUDCHF versus those of assets it hasn’t been well correlated with.
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The View From the Weekly Timeframe
At the moment, AUDCHF’s rate is down -0.0111 (-1.68%) from the week prior. Moreover, note that this is the 2nd consecutive week AUDCHF has seen its price head down. From a weekly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 5, 10 and 20 week timeframes. Regarding moving averages, it should first be noted that price has crossed the 20 and 50 week moving averages, resulting in them so that price is now turning below them. Looking further out, the moving averages on the weekly timeframe suggest a bearishness in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The weekly chart below shows AUDCHF’s price action over the past year.
AUDCHF: The Monthly View
Strongest trend on the 24 month timeframe.
AUDCHF Down 6 Pips On Hourly Chart, Entered Today Down For the 6th Consecutive Day; is Inching Close to 200 Day Average
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.
AUDCHF Down 5 Pips Over Past Hour, Moves Down For the 5th Consecutive Day; in a Downtrend Over Past 14 Days
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.
AUDCHF Up 4 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Came Into Today Down For the 4th Consecutive Day
It should be noted, though, the 50 day simple moving average turned downwards, which may be a bearish sign.
AUDCHF Down 4 Pips On Hourly Chart, Entered Today Down For the 3rd Straight Day; Price Base in Formation Over Past 14 Days
Compared to its peers in the forex, audchf gave its buyers a return that ranked 28th in terms of percentage change since the day prior.
AUDCHF Down 0 Pips in Last Hour, Moves Down For the 2nd Consecutive Day; Pin Bar Pattern Appearing on Chart
The closest is the 100 day average, which is 20 pips away.
AUDCHF Down 19 Pips Over Past Hour, 3 Day Up Streak Ended; Breaks Below 20, 50 and 100 Day Averages
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.
AUDCHF Down 3 Pips in Last Hour, Moves Up For the 3rd Consecutive Day; Breaks Above 20 and 50 Day Averages
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.
AUDCHF Down 3 Pips Over Past Hour, Entered Today Up For the 2nd Day In A Row; Crosses 100 Day Moving Average
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
AUDCHF Down 2 Pips Over Past Hour, 3 Day Down Streak Snapped; is Inching Close to 100 Day Average
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.