USDCHF Up 3 Pips On Hourly Chart, Moves Up For the 3rd Day In A Row; is Inching Close to 50 and 100 Day Averages

Hourly Update

(Last Updated November 12, 2020 22:14 GMT)

At the time of this writing, USDCHF’s rate is up 3 pips (0.03%) from the hour prior. The hourly chart shows that USDCHF has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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 is up 17 pips (0.18%) since the day prior (opening today near 0.9166), marking the 3rd day in a row it has gone up. Compared to its peers in the Forex, USDCHF gave its buyers a return that ranked 14th 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. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Or to simplify this another way, note that out of the past 10 days USDCHF’s price has gone up 6 them.