USD/CHF Down 5 Pips in Last Hour, Moves Up For the 6th Straight Day; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated April 29, 2022 1:37 GMT)

Currently, USDCHF’s rate is down -5 pips (-0.05%) from the hour prior. USDCHF has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. 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 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 31 pips (0.32%) since yesterday (opening today near 0.97183), marking the 6th straight day an increase has occurred. Relative to other instruments in the Forex asset class, USDCHF ranked 14th yesterday in terms of percentage price change. Here is a price chart of USDCHF.

USDCHF

USDCHF Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 30 days USDCHF’s price has gone up 21 them.

The View From Around the Web

We’re seeing some traders come out with interesting conviction on USDCHF, with 7 buy signals on our radar and 4 sell signals. This imputes a buy/sell ratio of 1.75, which is bullish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

USDCHF (LONG)- If all the support holds in place.If we see the Support broken out then we could see the shift in the trend.I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.(THIS IDEAS VALID NEXT 24 HOURS)