CAD/CHF Up 10 Pips On 4 Hour Chart, in a Downtrend Over Past 14 Days; is Inching Close to 100 Day Average

CAD/CHF 4 Hour Price Update

Updated June 29, 2020 09:07 PM GMT (05:07 PM EST)

CAD/CHF is up 10 pips (0.14%) since the previous 4 hours (opening the current 4 hour candle near 0.6956), marking the 2nd candle in a row an increase has occurred. Relative to other instruments in the Forex asset class, CAD/CHF ranked 7th the previous 4 hours in terms of percentage price change.

CAD/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for CAD/CHF, which started today off at 0.6926, up 0 pips 0.01% from yesterday. Compared to its peers in the Forex, CAD/CHF gave its buyers a return that ranked 28th in terms of percentage change since yesterday. Below is a price chart of CAD/CHF.

CAD/CHF Technical Analysis

Notably, the current price of CAD/CHF is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 100 day average, which is 1 pips away. It should be noted, though, the 50 day simple moving average turned upwards, which may be a bullish sign. 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 14 day horizon; over that time period, price has been moving down. It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe. For additional context, note that price has gone up 18 out of the past 30 days.