(Last Updated September 24, 2021 1:43 GMT)
Currently, USDCHF’s rate is up 1 pips (0.01%) 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 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)
The choppiness in the recent daily price action of USDCHF continues; to start today, it came in at a price of 0.92438, down 18 pips (0.19%) since the previous day. Relative to other instruments in the Forex asset class, USDCHF ranked 24th the previous day in terms of percentage price change. Below is a price chart of USDCHF.
USDCHF Technical Analysis
The first thing we should note is that USDCHF is now close to its 20, 50, 100 and 200 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 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 16 out of the past 30 days.