AUD/CHF 4 Hour Price Update
Updated March 24, 2020 03:15 AM GMT (11:15 PM EST)
AUD/CHF is up 72 pips (1.26%) since the last 4 hour candle (opening the current 4 hour candle near 0.5769), marking the 2nd candle in a row it has gone up. Relative to other instruments in the Forex asset class, AUD/CHF ranked 2nd the last 4 hour candle in terms of percentage price change.
AUD/CHF Daily New York Session Recap
Updated 21:00 GMT (17:00 EST)
AUD/CHF is up 60 pips (1.06%) since the prior day’s New York session (opening today’s post-New York session near 0.57224), marking the 2nd day in a row an increase has occurred. The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 4.32% from the day prior, but up 129.49% from the same day the week before. Relative to other instruments in the Forex asset class, AUD/CHF ranked 10th the prior day’s New York session in terms of percentage price change. Let’s take a look at price chart of AUD/CHF.
AUD/CHF Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 21 out of the past 30 days.
The View From Around the Web
Not much in terms quality buy/sell signals we’re seeing for AUDCHF; just 3 sell signals and 1 buy signals. This imputes a buy/sell ratio of 0.33, which is bearish. As for the rationale, technical traders seem to be citing the appearance of a double top technical pattern. Here’s a piece we found on tradingview.com that we thought you might enjoy.