EUR/CHF Up 7 Pips Over Past Hour, Sentiment Strongly Favors Sellers; Pin Bar Pattern Appearing on Chart
Price action and strong bearish sentiment is my favorite way of trading.
EURCHF
July 6, 2022 6:50 GMT
EURCHF Hourly View
Over the past 90 days, the trend for EURCHF’s price has been choppy and unclear. It has oscillated between $0.994 and $1.0492.
EURCHF Daily View
Over the past 135 days, the trend for EURCHF’s price has been choppy and unclear. It has oscillated between $0.9934 and $1.0492.
EURCHF Weekly View
EURCHF’s price has moved down $0.05 over the prior 33 weeks.
EURCHF Monthly View
EURCHF has a price of $0.9941, down 0.69% from its value 6 days prior.
What is EURCHF Correlated With?
+ 500 – Internal server error
+ 500 – Internal server error
EUR/CHF Down 2 Pips On Hourly Chart, Price Base in Formation Over Past 90 Days; Doji and Pin Bar Patterns Appearing on Chart
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
EUR/CHF Down 2 Pips Over Past Hour
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
EUR/CHF Down 0 Pips On Hourly Chart, 4 Day Down Streak Ended; Pin Bar Pattern Appearing on Chart
This imputes a buy/sell ratio of 1, which is neutral.
EUR/CHF Down 2 Pips On Hourly Chart, Makes Big Move Relative to Past Three Months; Entered Today Down For the 2nd Straight Day
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
EUR/CHF Up 3 Pips On Hourly Chart, in an Uptrend Over Past 14 Days; is Inching Close to 20 Day Average
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
EUR/CHF Down 6 Pips in Last Hour, 3 Day Down Streak Ended; is Inching Close to 200 Day Average
This is a reversal of the price action on the previous hour, in which price moved up.
EUR/CHF Down 6 Pips in Last Hour, Entered Today Down For the 2nd Consecutive Day; Price Base in Formation Over Past 90 Days
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
EUR/CHF Down 1 Pips On Hourly Chart, Moves Up For the 4th Consecutive Day; Eyes 200 Day Average
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.
EUR/CHF Up 1 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; Came Into Today Up For the 3rd Consecutive Day
Relative to other instruments in the forex asset class, eurchf ranked 13th the previous day in terms of percentage price change.