USD/CHF Down 4 Pips On Hourly Chart, Came Into Today Up For the 3rd Consecutive Day; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated May 10, 2022 1:35 GMT)

At the time of this writing, USDCHF’s rate is down -4 pips (-0.04%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly 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.

USDCHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

USDCHF is up 45 pips (0.45%) since the day prior (opening today near 0.99294), marking the 3rd consecutive day an upward move has occurred. Relative to other instruments in the Forex asset class, USDCHF ranked 18th the day prior in terms of percentage price change. Let’s take a look at price chart of USDCHF.

USDCHF

USDCHF Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days USDCHF’s price has gone up 25 them.