CAD/CHF Down 15 Pips Over Past 4 Hours; Pin Bar Pattern Appearing on Chart

CAD/CHF 4 Hour Price Update

Updated May 20, 2020 05:04 PM GMT (01:04 PM EST)

The choppiness in the recent four-hour candle price action of CAD/CHF continues; to start the current 4 hour candle, it came in at a price of 0.6939, down 15 pips (0.22%) since the previous 4 hours. Compared to its peers in the Forex, CAD/CHF gave its buyers a return that ranked 31st in terms of percentage change since the previous 4 hours.

CAD/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

CAD/CHF entered today at 0.69699, up 5 pips (0.07%) from yesterday. Compared to its peers in the Forex, CAD/CHF gave its buyers a return that ranked 21st in terms of percentage change since yesterday. Below is a price chart of CAD/CHF.

CAD/CHF Technical Analysis

The first thing we should note is that CAD/CHF is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. 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 20 day average, which is 48.2 pips away. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 14 days CAD/CHF’s price has gone up 7 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.