Volatility for cad/chf has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.
The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 24.88% from the day prior, and up 45.04% from the same day the week before.
Relative to other instruments in the forex asset class, cad/chf ranked 17th yesterday in terms of percentage price change.
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
Relative to other instruments in the forex asset class, cad/chf ranked 2nd yesterday in terms of percentage price change.
Interestingly, a trend in the other direction exists on the 90 and 30 day timeframes, where price is headed down.
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.
Out of the 40 instruments in the forex asset class, cad/chf ended up ranking 15th for the day in terms of day-over-day price change.
This imputes a buy/sell ratio of 0.56, which is bearish.