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
(Last Updated October 22, 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
If we observe the 30 and 14 day timeframes, we see a downtrend in place for AUDCHF.
AUDCHF Moving Averages
AUDCHF’s moving averages suggest the trend on a number of time horizons is bearish.
Below is a chart showing AUDCHF’s price with its moving averages.
In terms of correlations over the past week for AUDCHF, 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, USDZAR has been the asset least correlated with AUDCHF — but over the past two weeks, ZARJPY 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 down -0.0081 (-1.25%) from the week prior. AUDCHF has seen its price go down 4 out of the past 5 weeks, thus creating some compelling opportunities for bears. From a weekly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 5, 10 and 20 week timeframes. Of note is that the 20 week changed directions on AUDCHF; it is now pointing down. 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. AUDCHF’s weekly price action over the past 52 weeks can be seen via the chart below.
AUDCHF: The Monthly View
Monthly trend: strongest on the 24 month 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.
AUDCHF Up 4 Pips Over Past Hour, Entered Today Down For the 2nd Straight Day; Crosses 50 Day Moving Average
This imputes a buy/sell ratio of 0, which is quite bearish.
AUD/CHF Up 1 Pips Over Past Hour, Nears 20 and 50 Day Moving Averages; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the forex asset class, audchf ranked 22nd yesterday in terms of percentage price change.
AUDCHF Down 4 Pips On Hourly Chart, Entered Today Down For the 2nd Straight Day; Breaks Below 50 Day Average
This is a reversal of the price action on the previous hour, in which price moved up.
AUD/CHF Up 6 Pips in Last Hour, Moves Up For the 3rd Straight Day; in a Downtrend Over Past 14 Days
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
AUDCHF Up 2 Pips On Hourly Chart, Moves Up For the 3rd Straight Day; in a Downtrend Over Past 14 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
AUDCHF Up 6 Pips in Last Hour, Breaks Above 100 Day Average; in a Downtrend Over Past 14 Days
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.
AUDCHF Down 3 Pips Over Past Hour, 5 Day Down Streak Broken; in a Downtrend Over Past 14 Days
Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
AUDCHF Up 2 Pips in Last Hour, Came Into Today Down For the 4th Day In A Row; Nears 100 Day Moving Average
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.