USD/CHF Up 7 Pips in Last Hour, Entered Today Up For the 2nd Consecutive Day; in an Uptrend Over Past 30 Days

Hourly Update

(Last Updated May 9, 2022 1:34 GMT)

At the time of this writing, USDCHF’s rate is up 7 pips (0.07%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 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 37 pips (0.38%) since yesterday (opening today near 0.98846), marking the 2nd consecutive day an upward move has occurred. Relative to other instruments in the Forex asset class, USDCHF ranked 7th yesterday in terms of percentage price change. Below is a price chart of USDCHF.

USDCHF

USDCHF Technical Analysis

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. Or to simplify this another way, note that out of the past 10 days USDCHF’s price has gone up 9 them.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for USDCHF; just 0 sell signals and 3 buy signals. This imputes a buy/sell ratio that’s infinite! But, let’s take that with a grain of salt. 🙂 Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

My views on USDCHF is bullish .Resistance lines:1) 0.994732) 1.001123) 1.01275Please❤️ Like❤️ Comment❤️ Share❤️ Follow❤️ Turn notification on✍ Trade at your own risk