This is the 3rd consecutive hour eurchf has seen its price head up.
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
This is a reversal of the price action on the previous hour, in which price moved down.
This imputes a buy/sell ratio of 0, which is quite bearish.
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.
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.
Compared to its peers in the forex, eurchf gave its buyers a return that ranked 2nd in terms of percentage change since the previous day.
It’s been a feast for bears operating on an hourly timeframe, as eurchf has now gone down 8 of the past 10 hours.
It’s been a feast for bears operating on an hourly timeframe, as eurchf has now gone down 5 of the past 5 hours.
The closest is the 20 day average, which is 1 pips away.