(Last Updated January 15, 2021 3:14 GMT)
At the moment, USDCHF’s rate is up 3 pips (0.03%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
USDCHF End of Day Recap
Updated 00:30 GMT (04:30 EST)
USDCHF is up 5 pips (0.06%) since the previous day (opening today near 0.88789), marking the 2nd consecutive day an increase has occurred. Compared to its peers in the Forex, USDCHF gave its buyers a return that ranked 16th in terms of percentage change since the previous day. Here is a price chart of USDCHF.
USDCHF Technical Analysis
Coming into today USDCHF is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. 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. For additional context, note that price has gone up 7 out of the past 14 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!