EUR/CHF Down 0 Pips in Last Hour, 2 Day Up Streak Snapped; Pin Bar Pattern Appearing on Chart
This imputes a buy/sell ratio of 2, which is bullish.
EURCHF
(Last Updated November 25, 2020)
Hello! This is the news page for EURCHF. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
On EURCHF, there is currently an uptrend on the 30 and 14 day timeframes.
EURCHF Moving Averages
Across several time periods between 20 and 200 days, the trend on EURCHF has remained consistently bullish.
Below is a chart showing EURCHF’s price with its moving averages.
In terms of correlations over the past week for EURCHF, it has been most correlated with USDZAR. If we zoom out to a two week basis, though, the asset showing the strongest correlation to EURCHF is NZDCHF. On the flip side, the asset least correlated with EURCHF over the past week has been USDTRY, but over the past two weeks, the asset least correlated with EURCHF has been USDCAD. The chart below illustrates EURCHF against its least correlated assets.
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The View From the Weekly Timeframe
Currently, EURCHF’s rate is up 0.0032 (0.3%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as EURCHF has now gone up 4 of the past 5 weeks. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 5 week timeframe. 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. The weekly chart below shows EURCHF’s price action over the past year.
EURCHF: The Monthly View
Clearest trend on the monthly is apparent at the 24 month timeframe.
EUR/CHF Up 4 Pips Over Past Hour, Entered Today Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
EUR/CHF Down 1 Pips in Last Hour, Eyes 50 and 100 Day Averages; Pin Bar Pattern Appearing on Chart
The closest is the 100 day average, which is 49.8 pips away.
EURCHF Up 3 Pips Over Past Hour, in an Uptrend Over Past 30 Days; is Inching Close to 50 and 100 Day Averages
From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes.
EURCHF Up 2 Pips in Last Hour, in an Uptrend Over Past 30 Days; Eyes 50 and 100 Day Averages
This move is a reversal from the hour prior, which saw price move down.
EURCHF Up 2 Pips On Hourly Chart, 2 Day Down Streak Ended; in an Uptrend Over Past 14 Days
This is a reversal of the price action on the previous hour, in which price moved down.
EURCHF Down 3 Pips in Last Hour, in an Uptrend Over Past 14 Days; is Inching Close to 50 and 100 Day Averages
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.
EURCHF Down 3 Pips Over Past Hour; in an Uptrend Over Past 14 Days
Relative to other instruments in the forex asset class, eurchf ranked 21st the previous day in terms of percentage price change.
EURCHF Up 1 Pips in Last Hour, 3 Day Down Streak Snapped; Doji Pattern Appearing on Chart
Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
EUR/CHF Down 4 Pips Over Past Hour, Moves Down For the 2nd Straight Day; is Inching Close to 50 and 100 Day Averages
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.