24 Mar 2014
EUR/CHF knocking on 1.22’s door
FXStreet (Barcelona) - Currently, EUR/CHF is trading at 1.2199, up 0.18% on the day, having posted a daily high at 1.2205 and low at 1.2168.
How strong has the move been?
The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slighty bullish. Currently RSI is at 65.72, down from the last hourly print at 72.70, with ADX at 9.75, down from its previous close at 20.44. Daily RSI sits at 47.86, in neutral territory.
Looking to momentum indicators, the hourly 200 SMA is currently at 1.2182, up from the last close at 1.2163 and climbing. Over the past 20 days, the exponential average closing price is 1.2178, and ranging.
How volatile has EUR/CHF been?
On the hourly EUR/CHF chart, ATR (14) is presently at 7 pips, while 2-Standard Deviation Volatility Bandwidth is expanding and currently 34 pips. On a daily chart, 2-Standard Deviation Volatility Bandwidth is shrinking at 92 pips.
Over the past four weeks, 7 pips has been the average movement for the current session. Following the four week period average, today’s most volatile hour is between 13:00-14:00 GMT which has an average movement of 14 pips.
What EUR/CHF price levels and patterns have to be considered?
Today's central pivot point can be found at 1.2177, with support below at 1.2165, 1.2153 and 1.2141 with resistance above at 1.2189, 1.2201 and 1.2213.
How strong has the move been?
The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slighty bullish. Currently RSI is at 65.72, down from the last hourly print at 72.70, with ADX at 9.75, down from its previous close at 20.44. Daily RSI sits at 47.86, in neutral territory.
Looking to momentum indicators, the hourly 200 SMA is currently at 1.2182, up from the last close at 1.2163 and climbing. Over the past 20 days, the exponential average closing price is 1.2178, and ranging.
How volatile has EUR/CHF been?
On the hourly EUR/CHF chart, ATR (14) is presently at 7 pips, while 2-Standard Deviation Volatility Bandwidth is expanding and currently 34 pips. On a daily chart, 2-Standard Deviation Volatility Bandwidth is shrinking at 92 pips.
Over the past four weeks, 7 pips has been the average movement for the current session. Following the four week period average, today’s most volatile hour is between 13:00-14:00 GMT which has an average movement of 14 pips.
What EUR/CHF price levels and patterns have to be considered?
Today's central pivot point can be found at 1.2177, with support below at 1.2165, 1.2153 and 1.2141 with resistance above at 1.2189, 1.2201 and 1.2213.