USD/CHF Up 8 Pips in Last Hour; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated April 22, 2022 1:39 GMT)

At the moment, USDCHF’s rate is up 8 pips (0.09%) from the hour prior. This move is a reversal from the hour prior, which saw price move 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 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 entered today at 0.95313, up 40 pips (0.42%) from the day prior. Relative to other instruments in the Forex asset class, USDCHF ranked 13th the day prior 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 and 50 day averages, located at 0.9354 and 0.9301 respectively, and thus may be at a key juncture along those timeframes. 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 8 them.