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.
This imputes a buy/sell ratio of 0, which is quite bearish.
Compared to its peers in the forex, chfjpy gave its buyers a return that ranked 23rd in terms of percentage change since yesterday.
Relative to other instruments in the forex asset class, chfjpy ranked 25th the day prior in terms of percentage price change.
Relative to other instruments in the forex asset class, chfjpy ranked 22nd yesterday in terms of percentage price change.
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
This is a reversal of the price action on the previous hour, in which price moved up.
Compared to its peers in the forex, chfjpy gave its buyers a return that ranked 27th in terms of percentage change since the previous day.
Price action traders may also wish to note that we see a doji candlestick pattern on chfjpy.