USD/CHF Up 9 Pips in Last Hour, Came Into Today Up For the 7th Consecutive Day; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated May 2, 2022 1:34 GMT)

Currently, USDCHF’s rate is up 9 pips (0.09%) from the hour prior. USDCHF has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. 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 14 pips (0.15%) since yesterday (opening today near 0.97327), marking the 7th consecutive day it has gone up. Relative to other instruments in the Forex asset class, USDCHF ranked 15th yesterday in terms of percentage price change. The price chart of USDCHF below illustrates.

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. For additional context, note that price has gone up 9 out of the past 10 days.