USD/CHF Up 1 Pips in Last Hour, Came Into Today Up For the 2nd Day In A Row; in a Downtrend Over Past 30 Days
Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up.
USDCHF
(Last Updated April 15, 2021)
Welcome to the news page for USDCHF (USDCHF). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for USDCHF
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| United States Philadelphia Fed Manufacturing Index | Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 42 | 50.2 |
| United States NY Empire State Manufacturing Index | Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 19.5 | 26.3 |
| United States Retail Sales MoM | Mar 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 5.9% | 9.8% |
| United States Retail Sales Ex Autos MoM | Mar 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 5% | 8.4% |
| United States Continuing Jobless Claims | 03/Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 3700K | 3731K |
The Trend
A trend/countertrend situation exists on USDCHF, in which a downtrend exists on shorter timeframes but an uptrend appears on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.
USDCHF Moving Averages
USDCHF’s moving averages tell a multi-facted story about its trend. Of the 20, 50, 100, and 200 day averages — three of them (all but the 200) — are bullish, implying a upward trend, aside from a fall about 6 months prior. Moreover, today we saw the 20 moving average turn bullish.
The chart below illustrates.
In terms of correlations over the past week for USDCHF, it has demonstrated the strongest correlation with TRYJPY. Over the past 14 days, however, EURUSD is the asset most correlated to USDCHF. On the flip side, USDTRY has been the asset least correlated with USDCHF — but if we observe the prior two weeks, the asset least correlated with USDCHF has been TRYJPY. See the chart below to observe the recent price action in USDCHF versus those of assets it hasn’t been well correlated with.
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The View From the Weekly Timeframe
At the moment, USDCHF’s rate is down -15 pips (-0.16%) from the week prior. Moreover, note that this is the 2nd consecutive week USDCHF has seen its price head 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. The weekly chart below shows USDCHF’s price action over the past year.
USDCHF: The Monthly View
Strongest trend on the 24 month timeframe.
USDCHF Down 8 Pips On Hourly Chart, Moves Up For the 2nd Day In A Row; in a Downtrend Over Past 14 Days
It’s been a feast for bears operating on an hourly timeframe, as usdchf has now gone down 4 of the past 5 hours.
USDCHF Up 1 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; 3 Day Down Streak Broken
Relative to other instruments in the forex asset class, usdchf ranked 24th the day prior in terms of percentage price change.
USDCHF Down 4 Pips On Hourly Chart, in a Downtrend Over Past 30 Days; is Inching Close to 20 Day Average
This is a reversal of the price action on the previous hour, in which price moved up.
USDCHF Up 5 Pips On Hourly Chart, in a Downtrend Over Past 14 Days; Eyes 200 Day Average
Price action traders may also wish to note that we see a doji candlestick pattern on usdchf.
USDCHF Down 2 Pips Over Past Hour; Eyes 200 Day Average
It’s been a feast for bears operating on an hourly timeframe, as usdchf has now gone down 5 of the past 5 hours.
USDCHF Up 1 Pips in Last Hour, 2 Day Down Streak Snapped; in a Downtrend Over Past 14 Days
Or to simplify this another way, note that out of the past 10 days usdchf’s price has gone down 5 them.
USDCHF Down 2 Pips On Hourly Chart, Crosses 200 Day Moving Average; in an Uptrend Over Past 90 Days
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.
USDCHF Up 10 Pips Over Past Hour, in a Downtrend Over Past 14 Days; 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.
USDCHF Down 2 Pips Over Past Hour; in an Uptrend Over Past 90 Days
It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe.