USD/CHF Up 3 Pips Over Past Hour, Entered Today Up For the 4th Straight Day; Hot Streak Continues, Has Now Rallied 13 Out of 14 Past Days

Hourly Update

(Last Updated May 11, 2022 1:38 GMT)

Currently, USDCHF’s rate is up 3 pips (0.03%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as USDCHF has now gone up 4 of the past 5 hours. 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 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 30 pips (0.3%) since the previous day (opening today near 0.99596), marking the 4th straight day it has gone up. Relative to other instruments in the Forex asset class, USDCHF ranked 6th the previous day 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 30 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 14 days USDCHF’s price has gone up 13 them.