CAD/CHF Down 11 Pips Over Past 4 Hours, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart

CAD/CHF 4 Hour Price Update

Updated March 31, 2020 01:07 PM GMT (09:07 AM EST)

CAD/CHF entered the current 4 hour candle at 0.6777, down 11 pips (0.16%) from the previous 4 hours. Compared to its peers in the Forex, CAD/CHF gave its buyers a return that ranked 19th in terms of percentage change since the previous 4 hours.

CAD/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

After 4 down days, CAD/CHF snaps its streak, rising 6 pips (0.09%) over the past day to close at an exchange rate of 0.6768. Relative to other instruments in the Forex asset class, CAD/CHF ranked 17th yesterday in terms of percentage price change. Below is a price chart of CAD/CHF.

CAD/CHF Technical Analysis

Notably, CAD/CHF is now close to its 20 day averages, located at 0.6805 respectively, and thus may be at a key juncture along those timeframes. 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 down over that time. Or to simplify this another way, note that out of the past 10 days CAD/CHF’s price has gone down 7 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.