USDCHF Down 0 Pips in Last Hour, 3 Day Up Streak Snapped; Eyes 20 Day Average

Hourly Update

(Last Updated January 13, 2021 2:14 GMT)

At the moment, USDCHF’s rate is down 0 pips (0%) 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 100 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on USDCHF. Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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)

A moment of silence, please, for the end of USDCHF’s 3 day up streak; price ended the day prior down 41 pips (-0.46%) to finish the day at a rate of 0.8861. Compared to its peers in the Forex, USDCHF gave its buyers a return that ranked 30th in terms of percentage change since the day prior. Here is a price chart of USDCHF.

USDCHF

USDCHF Technical Analysis

Coming into today the current price of USDCHF is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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.