CAD/CHF Up 3 Pips On 4 Hour Chart, Moves Up For the 5th Day In A Row; Pin Bar Pattern Appearing on Chart

CAD/CHF 4 Hour Price Update

Updated June 04, 2020 01:11 AM GMT (09:11 PM EST)

CAD/CHF entered the current 4 hour candle at 0.7126, up 3 pips (0.04%) from the previous 4 hours. Compared to its peers in the Forex, CAD/CHF gave its buyers a return that ranked 13th in terms of percentage change since the previous 4 hours.

CAD/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

CAD/CHF is up 4 pips (0.06%) since yesterday (opening today near 0.71257), marking the 5th day in a row it has gone up. Out of the 40 instruments in the Forex asset class, CAD/CHF ended up ranking 19th for the day in terms of price change. Let’s take a look at price chart of CAD/CHF.

CAD/CHF Technical Analysis

Coming into today CAD/CHF is now close to its 20, 100 and 200 day averages, located at 0.6983, 0.6992 and 0.7227 respectively, and thus may be at a key juncture along those timeframes. 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 200 day average, which is 100.8 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 10 out of the past 14 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.