CAD/CHF Up 15 Pips in Last 4 Hours, Came Into Today Up For the 2nd Day In A Row; in a Downtrend Over Past 30 Days

CAD/CHF 4 Hour Price Update

Updated March 24, 2020 03:23 AM GMT (11:23 PM EST)

CAD/CHF is up 15 pips (0.22%) since the last 4 hour candle (opening the current 4 hour candle near 0.6781), marking the 2nd candle in a row it has gone up. Relative to other instruments in the Forex asset class, CAD/CHF ranked 16th the last 4 hour candle in terms of percentage price change.

CAD/CHF Daily New York Session Recap

Updated 21:00 GMT (17:00 EST)

CAD/CHF is up 77 pips (1.13%) since the prior day’s New York session (opening today’s post-New York session near 0.68697), marking the 2nd day in a row an upward move has occurred. The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 9.44% from the day prior, but up 71.09% from the same day the week before. Relative to other instruments in the Forex asset class, CAD/CHF ranked 8th the prior day’s New York session in terms of percentage 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 day averages, located at 0.6994 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 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 down 8 them.

The View From Around the Web

Of note is that traders in aggregate have opinions on CADCHF, with 6 buy signals on our radar and 4 sell signals. This imputes a buy/sell ratio of 1.5, which is bullish. As for the rationale, technical traders seem to be citing the appearance of a fibonacci technical pattern. Here’s a piece we found on tradingview.com that we thought you might enjoy.