CAD/CHF Up 14 Pips On 4 Hour Chart, Moves Down For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart

CAD/CHF 4 Hour Price Update

Updated June 25, 2020 01:14 PM GMT (09:14 AM EST)

The back and forth price flow continues for CAD/CHF, which started the current 4 hour candle off at 0.6961, up 14 pips 0.2% from the last 4 hour candle. Out of the 37 instruments in the Forex asset class, CAD/CHF ended up ranking 8th for the four-hour candle in terms of price change.

CAD/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

CAD/CHF is down 1 pips (0.02%) since the previous day (opening today near 0.69491), marking the 3rd day in a row a decrease has occurred. Out of the 40 instruments in the Forex asset class, CAD/CHF ended up ranking 24th for the day in terms of price change. Here is a price chart of CAD/CHF.

CAD/CHF Technical Analysis

Notably, CAD/CHF is now close to its 20, 50 and 100 day averages, located at 0.7032, 0.698 and 0.6932 respectively, and thus may be at a key juncture along those timeframes. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 100 day average, which is 17.3 pips away. It should be noted, though, the 50 day simple moving average turned downwards, which may be a bearish sign. Volatility for CAD/CHF has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days CAD/CHF’s price has gone up 17 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.