EURCHF Down 0 Pips On Hourly Chart; Moves Up For the 4th Straight Day
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
EURCHF
(Last Updated March 4, 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 Unemployment Rate | Jan 2021 | Euro | EUR | 2021-03-04 | 10:00 GMT | 8.3% | 8.1% |
| Euro Area Retail Sales YoY | Jan 2021 | Euro | EUR | 2021-03-04 | 10:00 GMT | -1.2% | -6.4% |
| Euro Area Retail Sales MoM | Jan 2021 | Euro | EUR | 2021-03-04 | 10:00 GMT | -1.1% | -5.9% |
The Trend
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for EURCHF.
EURCHF Moving Averages
EURCHF’s moving averages suggest the trend on a number of time horizons is bullish.
The chart below illustrates.
In terms of correlations over the past week for EURCHF, it has demonstrated the strongest correlation with AUDNZD. Over the past 14 days, however, CADCHF is the asset most correlated to EURCHF. Alternatively, the asset least correlated with EURCHF over the past week has been EURTRY, but if we observe the prior two weeks, the asset least correlated with EURCHF has been GBPCAD. See the chart below to observe the recent price action in EURCHF versus those of assets it hasn’t been well correlated with.
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The View From the Weekly Timeframe
At the time of this writing, EURCHF’s rate is up 118 pips (1.07%) from the week prior. EURCHF has seen its price go up 4 out of the past 5 weeks, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the weekly chart 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
Clearest trend on the monthly is apparent at the 120 month timeframe.
EURCHF Up 1 Pips On Hourly Chart, Came Into Today Up For the 3rd Straight Day; Doji Pattern Appearing on Chart
The closest is the 50 day average, which is 29.9 pips away.
EURCHF Down 0 Pips in Last Hour, Moves Up For the 2nd Day In A Row; Eyes 20, 50 and 100 Day Averages
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
EURCHF Down 0 Pips Over Past Hour, Crosses 20 and 50 Day Moving Averages; Price Base in Formation Over Past 14 and 30 Days
Price action traders in particular will want to note that the 14 and 30 day periods appears to show price forming a base; this could indicate that a support/resistance level is developing.
EURCHF Up 1 Pips On Hourly Chart, 2 Day Up Streak Ended; Price Base in Formation Over Past 30 Days
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.
EURCHF Down 4 Pips On Hourly Chart, Moves Up For the 2nd Day In A Row; Crosses 50 Day Moving Average
Compared to its peers in the forex, eurchf gave its buyers a return that ranked 14th in terms of percentage change since yesterday.
EURCHF Up 1 Pips in Last Hour, Crosses 20 Day Moving Average; Price Base in Formation Over Past 30 Days
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
EURCHF Down 1 Pips Over Past Hour, in an Uptrend Over Past 14 Days; is Inching Close to 20, 50 and 100 Day Averages
The closest is the 50 day average, which is 8.2 pips away.
EURCHF Down 0 Pips On Hourly Chart, 3 Day Up Streak Broken; Nears 20, 50 and 100 Day Moving Averages
The closest is the 50 day average, which is 25 pips away.
EURCHF Up 2 Pips Over Past Hour, 3 Day Up Streak Broken; in an Uptrend Over Past 14 Days
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.