Relative to other instruments in the forex asset class, usdchf ranked 13th the previous day in terms of percentage price change.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
This imputes a buy/sell ratio of 0.87, which is neutral.
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.
Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
It might touch higher high to make approximately 300 pips.good luck!!
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
Of note is that the 50 hour changed directions on usdchf; it is now pointing down.
This imputes a buy/sell ratio of 1.71, which is bullish.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.