CAD/CHF Down 3 Pips On 4 Hour Chart, Entered Today Down For the 3rd Day In A Row; Price Base in Formation Over Past 14 Days

CAD/CHF 4 Hour Price Update

Updated May 21, 2020 12:45 AM GMT (08:45 PM EST)

CAD/CHF is down 3 pips (0.04%) since the last 4 hour candle (opening the current 4 hour candle near 0.6938), marking the 3rd candle in a row a decline has happened. Relative to other instruments in the Forex asset class, CAD/CHF ranked 26th the last 4 hour candle in terms of percentage price change.

CAD/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

CAD/CHF is down 0 pips (0.01%) since yesterday (opening today near 0.69386), marking the 3rd day in a row a decline has happened. Out of the 40 instruments in the Forex asset class, CAD/CHF ended up ranking 30th for the day in terms of price change. Here is a price chart of CAD/CHF.

CAD/CHF Technical Analysis

Coming into today 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 19.8 pips away. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone down 7 out of the past 10 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.