USDCHF Up 0 Pips in Last Hour, in a Downtrend Over Past 90 Days; Nears 20 Day Moving Average

Hourly Update

(Last Updated January 14, 2021 2:14 GMT)

At the moment, USDCHF’s rate is up 0 pips (0.01%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. 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 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 entered today at 0.88735, up 12 pips (0.14%) from the day prior. Compared to its peers in the Forex, USDCHF gave its buyers a return that ranked 12th in terms of percentage change since the day prior. Let’s take a look at price chart of USDCHF.

USDCHF

USDCHF Technical Analysis

Notably, USDCHF is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 19 out of the past 30 days. And for candlestick traders, a special treat: there is a doji pattern showing up on the charts as well. Rejoice!