CAD/CHF Up 1 Pips in Last 4 Hours, Came Into Today Up For the 2nd Day In A Row; is Inching Close to 50 and 100 Day Averages

CAD/CHF 4 Hour Price Update

Updated June 26, 2020 01:11 PM GMT (09:11 AM EST)

CAD/CHF entered the current 4 hour candle at 0.6945, up 1 pips (0.01%) from the last 4 hour candle. Relative to other instruments in the Forex asset class, CAD/CHF ranked 10th 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 up 2 pips (0.04%) since the day prior (opening today near 0.6956), marking the 2nd day in a row an upward move has occurred. Out of the 40 instruments in the Forex asset class, CAD/CHF ended up ranking 16th for the day in terms of price change. Below is a price chart of CAD/CHF.

CAD/CHF Technical Analysis

Notably, 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 50 day average, which is 23.4 pips away. 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. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 19 out of the past 30 days.

The View From Around the Web

Of note is that traders in aggregate have opinions on CADCHF, with 10 buy signals on our radar and 4 sell signals. This imputes a buy/sell ratio of 2.5, which is bullish. As for the rationale, technical traders seem to be citing the appearance of a trendline technical pattern. Here’s a piece we found on that we thought you might enjoy.