(Last Updated March 1, 2021)
Welcome to the news page for EURCHF (EURCHF). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| Switzerland procure.ch Manufacturing PMI | Feb 2021 | Swiss Franc | CHF | 2021-03-01 | 08:30 GMT | 60 | 61.3 |
| Euro Area Markit Manufacturing PMI Final | Feb 2021 | Euro | EUR | 2021-03-01 | 09:00 GMT | 57.7 | 57.9 |
| Euro Area ECB Guindos Speech | NA | Euro | EUR | 2021-03-01 | 15:20 GMT | ||
| Euro Area ECB President Lagarde Speech | NA | Euro | EUR | 2021-03-01 | 16:10 GMT | ||
| Euro Area Inflation Rate YoY Flash | Feb 2021 | Euro | EUR | 2021-03-02 | 10:00 GMT | 0.9% |
On EURCHF, there is currently an uptrend on the 90, 30 and 14 day timeframes.
Across several time periods between 20 and 200 days, the trend on EURCHF has remained consistently bullish.
The chart below illustrates.
In terms of correlations over the past week for EURCHF, it has been most correlated with USDCHF. If we zoom out to a two week basis, though, NZDCHF is the asset most correlated to EURCHF. Alternatively, the asset least correlated with EURCHF over the past week has been GBPCAD, but if we observe the prior two weeks, ZARJPY has been the asset least correlated with EURCHF. The chart below illustrates EURCHF against its least correlated assets.
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Currently, EURCHF’s rate is up 105 pips (0.96%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as EURCHF has now gone up 4 of the past 5 weeks. 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. The weekly chart below shows EURCHF’s price action over the past year.
Clearest trend on the monthly is apparent at the 120 month timeframe.
The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 11.24% from the day prior, and up 127.51% from the same day the week before.
Volatility for eur/chf has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.
Volatility for eur/chf has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.
Volatility for eur/chf has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.
Out of the 40 instruments in the forex asset class, eur/chf ended up ranking 30th for the day in terms of day-over-day price change.
As for the rationale, technical traders seem to be citing the appearance of a divergence technical pattern.
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
Volatility for eur/chf has been contracting over the past two weeks relative to volatility over the past month.
This imputes a buy/sell ratio of 3, which is bullish.
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.