EURCHF Down 3 Pips On Hourly Chart, Moves Down For the 2nd Day In A Row; Crosses 100 Day Moving Average
It’s been a feast for bears operating on an hourly timeframe, as eurchf has now gone down 4 of the past 5 hours.
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.
EURCHF Down 1 Pips On Hourly Chart; Breaks Above 20 Day Average
Of note is that the 20 hour changed directions on eurchf; it is now pointing up.
EURCHF Up 3 Pips in Last Hour, 2 Day Up Streak Snapped; Price Base in Formation Over Past 14 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 2 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Moves Up For the 2nd Day In A Row
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
EURCHF Down 3 Pips Over Past Hour, 2 Day Down Streak Ended; Breaks Above 20 and 100 Day Averages
This is a reversal of the price action on the previous hour, in which price moved up.
EURCHF Down 1 Pips in Last Hour, in a Downtrend Over Past 30 Days; Price Base in Formation Over Past 14 Days
Compared to its peers in the forex, eurchf gave its buyers a return that ranked 30th in terms of percentage change since the previous day.
EURCHF Down 0 Pips On Hourly Chart, Came Into Today Up For the 2nd Day In A Row; is Inching Close to 20, 50 and 100 Day Averages
Price action traders may also wish to note that we see a pin bar candlestick pattern on eurchf.
EURCHF Down 0 Pips in Last Hour, 2 Day Down Streak Ended; Breaks Above 100 Day Average
Relative to other instruments in the forex asset class, eurchf ranked 10th yesterday in terms of percentage price change.
EUR/CHF Down 2 Pips On Hourly Chart, Moves Down For the 2nd Straight Day; Breaks Below 100 Day Average
It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe.
EURCHF Down 1 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Crosses 20 Day Moving Average
It’s been a feast for bears operating on an hourly timeframe, as eurchf has now gone down 8 of the past 10 hours.