EUR/CHF Up 1 Pips Over Past 4 Hours, 3 Day Up Streak Snapped; is Inching Close to 20, 50 and 200 Day Averages
It should be noted, though, the 20 day simple moving average turned downwards, which may be a bearish sign.
EURCHF
(Last Updated July 7, 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
A trend/countertrend situation exists on EURCHF, in which a downtrend exists on shorter timeframes but an uptrend appears 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
The moving averages on EURCHF summarize its price action in an interesting way. The 50 and 100 day averages suggest a bullish trend, as they are pointing upwards, in contrast to the downward-facing 20 and 200 day averages that imply a bearish trend.
The chart below illustrates.
In terms of correlations over the past week for EURCHF, it has demonstrated the strongest correlation with EURCAD. Over the past 14 days, however, EURAUD is the asset most correlated to EURCHF. Alternatively, GBPNZD has been the asset least correlated with EURCHF — 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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EUR/CHF Up 24 Pips On 4 Hour Chart, Entered Today Up For the 3rd Day In A Row; Nears 50 and 200 Day Moving Averages
This imputes a buy/sell ratio of 9, which is very bullish.
EUR/CHF Up 3 Pips Over Past 4 Hours, 4 Day Down Streak Ended; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 30 days eur/chf’s price has gone up 17 them.
EUR/CHF Down 5 Pips in Last 4 Hours, 3 Day Down Streak Ended; is Inching Close to 50 and 200 Day Averages
This imputes a buy/sell ratio of 1.11, which is neutral.
EUR/CHF Down 1 Pips Over Past 4 Hours, 2 Day Down Streak Ended; Nears 50 Day Moving Average
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 Up 2 Pips Over Past 4 Hours, Came Into Today Down For the 2nd Day In A Row; is Inching Close to 20 and 200 Day Averages
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time.
EUR/CHF Down 29 Pips in Last 4 Hours, Breaks Above 200 Day Average; in an Uptrend Over Past 30 Days
This imputes a buy/sell ratio of 0.78, which is bearish.
EUR/CHF Up 11 Pips On 4 Hour Chart, Nears 20 and 200 Day Moving Averages; Pin Bar Pattern Appearing on Chart
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 Up 6 Pips in Last 4 Hours, Moves Down For the 5th Day In A Row; in an Uptrend 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.
EUR/CHF Up 1 Pips Over Past 4 Hours, in an Uptrend Over Past 30 Days; Eyes 20 and 200 Day Averages
This imputes a buy/sell ratio of 0.5, which is bearish.