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

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.