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.

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