AUD/CHF 4 Hour Price Update
Updated March 25, 2020 01:39 PM GMT (09:39 AM EST)
AUD/CHF, which opened the current 4 hour candle priced near 0.5885, is down 44 pips 0.74% since the last 4 hour candle, marking a reversal from the candle prior — and the end of a 5 four-hour candle positive run. Compared to its peers in the Forex, AUD/CHF gave its buyers a return that ranked 37th in terms of percentage change since the last 4 hour candle.
AUD/CHF End of Day Recap
Updated 00:30 GMT (04:30 EST)
AUD/CHF is up 8 pips (0.14%) since the previous day (opening today near 0.5852), marking the 3rd day in a row it has gone up. Relative to other instruments in the Forex asset class, AUD/CHF ranked 15th the previous day in terms of percentage price change. The price chart of AUD/CHF below illustrates.
AUD/CHF Technical Analysis
Notably, AUD/CHF is now close to its 20 day averages, located at 0.5945 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 10 days AUD/CHF’s price has gone up 6 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
The View From Around the Web
Of note is that traders in aggregate have opinions on AUDCHF, with 7 buy signals on our radar and 5 sell signals. This imputes a buy/sell ratio of 1.4, which is bullish. As for the rationale, technical traders seem to be citing the appearance of a trendline technical pattern. Here’s a piece we found on tradingview.com that we thought you might enjoy.