EUR/CHF 4 Hour Price Update
Updated May 20, 2020 05:06 PM GMT (01:06 PM EST)
The back and forth price flow continues for EUR/CHF, which started the current 4 hour candle off at 1.0596, up 10 pips 0.09% from the previous 4 hours. Relative to other instruments in the Forex asset class, EUR/CHF ranked 14th the previous 4 hours in terms of percentage price change.
EUR/CHF End of Day Recap
Updated 00:30 GMT (04:30 EST)
EUR/CHF is up 3 pips (0.03%) since yesterday (opening today near 1.06136), marking the 3rd day in a row an upward move has occurred. Relative to other instruments in the Forex asset class, EUR/CHF ranked 25th yesterday in terms of percentage price change. Here is a price chart of EUR/CHF.
EUR/CHF Technical Analysis
Coming into today the current price of EUR/CHF is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 5 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
The View From Around the Web
We’re seeing some traders come out with interesting conviction on EURCHF, with 18 buy signals on our radar and 17 sell signals. This imputes a buy/sell ratio of 1.06, which is neutral. As for the rationale, technical traders seem to be citing the appearance of a wedge technical pattern. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.
As the price went back into the channel, we will try some shorts here.. Good RR