USDCHF Down 4 Pips Over Past Hour, 3 Day Up Streak Snapped; Eyes 200 Day Average

Hourly Update

(Last Updated April 26, 2021 3:14 GMT)

At the moment, USDCHF’s rate is down -4 pips (-0.04%) from the hour prior. The hourly chart shows that USDCHF has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

USDCHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

After 3 up days, USDCHF snaps its streak, falling 36 pips (-0.39%) over the past day to close at an exchange rate of 0.91352. Relative to other instruments in the Forex asset class, USDCHF ranked 35th the previous day in terms of percentage price change. Below is a price chart of USDCHF.

USDCHF

USDCHF Technical Analysis

The first thing we should note is that USDCHF is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. 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. The closest is the 200 day average, which is 41.2 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up. For additional context, note that price has gone down 9 out of the past 14 days.