AUDCHF Down 3 Pips in Last Hour, Came Into Today Down For the 3rd Consecutive Day; in an Uptrend Over Past 90 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
AUDCHF
(Last Updated April 15, 2021)
Hello! This is the news page for AUDCHF. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for AUDCHF
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| Australia Employment Change | Mar 2021 | Australian Dollar | AUD | 2021-04-15 | 01:30 GMT | 35K | 70.7K |
| Australia Unemployment Rate | Mar 2021 | Australian Dollar | AUD | 2021-04-15 | 01:30 GMT | 5.7% | 5.6% |
| Australia Participation Rate | Mar 2021 | Australian Dollar | AUD | 2021-04-15 | 01:30 GMT | 66.1% | 66.3% |
| Australia HIA New Home Sales MoM | Mar 2021 | Australian Dollar | AUD | 2021-04-16 | 03:00 GMT |
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
AUDCHF’s moving averages tell a multi-facted story about its trend. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 20 are bullish, implying a upward trend, save for a decline that occurred about 3 weeks ago.
The chart below illustrates.
In terms of correlations over the past week for AUDCHF, it has demonstrated the strongest correlation with NZDCHF. If we zoom out to a two week basis, though, the asset showing the strongest correlation to AUDCHF is EURAUD. On the flip side, GBPJPY has been the asset least correlated with AUDCHF — but if we observe the prior two weeks, USDCAD has been the asset least correlated with AUDCHF. The chart below illustrates AUDCHF against its least correlated assets.
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The View From the Weekly Timeframe
At the time of this writing, AUDCHF’s rate is up 87 pips (1.23%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly 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. The weekly chart below shows AUDCHF’s price action over the past year.
AUDCHF: The Monthly View
Clearest trend on the monthly is apparent at the 60 month timeframe.
AUDCHF Down 8 Pips Over Past Hour, Entered Today Down For the 2nd Consecutive Day; Price Base in Formation Over Past 14 and 30 Days
This move is a reversal from the hour prior, which saw price move up.
AUDCHF Up 8 Pips in Last Hour, 3 Day Up Streak Ended; in an Uptrend Over Past 90 Days
Relative to other instruments in the forex asset class, audchf ranked 24th yesterday in terms of percentage price change.
AUDCHF Up 3 Pips in Last Hour, in an Uptrend Over Past 90 Days; is Inching Close to 20 Day Average
Compared to its peers in the forex, audchf gave its buyers a return that ranked 8th in terms of percentage change since yesterday.
AUDCHF Up 4 Pips Over Past Hour, Entered Today Up For the 2nd Straight Day; in an Uptrend Over Past 90 Days
This imputes a buy/sell ratio of 0.67, which is bearish.
AUDCHF Up 1 Pips in Last Hour, Breaks Below 20 Day Average; in an Uptrend Over Past 90 Days
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
AUDCHF Up 1 Pips Over Past Hour, Breaks Above 20 Day Average; Sentiment Strongly Favors Sellers
Price action traders may also wish to note that we see a doji candlestick pattern on audchf.
AUDCHF Up 7 Pips On Hourly Chart, 5 Day Down Streak Broken; Sentiment Suggests Sellers in Charge
Of note is that the 50 hour changed directions on audchf; it is now pointing up.
AUDCHF Up 7 Pips On Hourly Chart, Came Into Today Down For the 5th Straight Day; Sentiment Strongly Favors Sellers
Of note is that the 50 hour changed directions on audchf; it is now pointing up.
AUDCHF Up 12 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Social Sentiment Biased Towards Selling
Given that we see downtrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.