EURCHF Up 1 Pips On Hourly Chart, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down.
EURCHF
(Last Updated April 15, 2021)
Hello! This is the news page for EURCHF. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for EURCHF
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| Euro Area Eurogroup Video Conference | NA | Euro | EUR | 2021-04-16 | 08:00 GMT | ||
| Euro Area Core Inflation Rate YoY Final | Mar 2021 | Euro | EUR | 2021-04-16 | 09:00 GMT | 0.9% | |
| Euro Area Inflation Rate YoY Final | Mar 2021 | Euro | EUR | 2021-04-16 | 09:00 GMT | 1.3% | |
| Euro Area Balance of Trade | Feb 2021 | Euro | EUR | 2021-04-16 | 09:00 GMT |
The Trend
As for trends on EURCHF, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.
EURCHF Moving Averages
Across several time periods between 20 and 200 days, the trend on EURCHF has remained consistently bullish. Moreover, it should also be noted that the 20 SMA just turned bullish today.
Below is a chart showing EURCHF’s price with its moving averages.
As for assets in the Forex asset class EURCHF has been correlated to over the past week, it has demonstrated the strongest correlation with EURTRY. Over the past 14 days, however, the asset showing the strongest correlation to EURCHF is NZDCHF. On the flip side, NZDUSD has been the asset least correlated with EURCHF — but if we observe the prior two weeks, USDHKD has been the asset least correlated with EURCHF. The chart below illustrates EURCHF against its least correlated assets.
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The View From the Weekly Timeframe
At the moment, EURCHF’s rate is up 58 pips (0.52%) 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. EURCHF’s weekly price action over the past 52 weeks can be seen via the chart below.
EURCHF: The Monthly View
Monthly trend: strongest on the 120 month timeframe.
EURCHF Down 3 Pips in Last Hour, 3 Day Down Streak Broken; in an Uptrend Over Past 90 Days
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
EURCHF Up 2 Pips in Last Hour, is Inching Close to 20 and 50 Day Averages; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone down 9 out of the past 14 days.
EURCHF Down 5 Pips On Hourly Chart, Came Into Today Down For the 2nd Straight Day; is Inching Close to 20 and 50 Day Averages
But, let’s not get carried away with that idea just yet. 🙂 as for the rationale, technical traders seem to be citing the appearance of demand zone technical patterns.
EURCHF Up 12 Pips Over Past Hour, 2 Day Up Streak Ended; in an Uptrend Over Past 90 Days
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
EURCHF Up 1 Pips On Hourly Chart, Came Into Today Up For the 2nd Consecutive Day; Breaks Above 20 Day Average
It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe.
EURCHF Up 2 Pips in Last Hour, 6 Day Down Streak Broken; Eyes 20 and 50 Day Averages
Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
EURCHF Up 1 Pips in Last Hour, in an Uptrend Over Past 90 Days; Sentiment Strongly Favors Sellers
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
EURCHF Up 1 Pips Over Past Hour, Entered Today Down For the 5th Straight Day; Nears 20 and 50 Day Moving Averages
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
EURCHF Down 3 Pips Over Past Hour, in an Uptrend Over Past 90 Days; is Inching Close to 20 and 50 Day Averages
Compared to its peers in the forex, eurchf gave its buyers a return that ranked 24th in terms of percentage change since yesterday.