USDCHF

(Last Updated September 22, 2020)

Hello! This is the news page for USDCHF. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

For USDCHF, we have to zoom out to the 90 day timeframe and beyond to see a clear trend; at that point, a clear downtrend becomes apparent.

USDCHF Moving Averages

The moving averages on USDCHF summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bearish, suggesting the trend is generally downward, aside from a spike about 3 weeks prior.

Below is a chart showing USDCHF’s price with its moving averages.

Regarding USDCHF’s correlations over the past 7 days, it has demonstrated the strongest correlation with NZDJPY. If we zoom out to a two week basis, though, the asset showing the strongest correlation to USDCHF is EURUSD. Alternatively, GBPCAD has been the asset least correlated with USDCHF — but over the past two weeks, the asset least correlated with USDCHF has been USDCAD. The chart below illustrates USDCHF against its least correlated assets.

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The View From the Weekly Timeframe

At the moment, USDCHF’s rate is up 0.0033 (0.37%) from the week prior. Moreover, note that this is the 2nd consecutive week USDCHF has seen its price head up. 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 bullishness in price, as the 20 and 50 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The weekly chart below shows USDCHF’s price action over the past year.