USDCHF Up 3 Pips in Last Hour, Moves Up For the 3rd Day In A Row; in a Downtrend Over Past 90 Days

Hourly Update

(Last Updated January 12, 2021 2:14 GMT)

At the time of this writing, USDCHF’s rate is up 3 pips (0.03%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

USDCHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

USDCHF is up 51 pips (0.57%) since yesterday (opening today near 0.89016), marking the 3rd day in a row an upward move has occurred. Relative to other instruments in the Forex asset class, USDCHF ranked 10th yesterday in terms of percentage price change. Here is a 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. Or to simplify this another way, note that out of the past 10 days USDCHF’s price has gone down 6 them.