EUR/CHF Down 3 Pips On 4 Hour Chart, in a Downtrend Over Past 14 Days; Nears 20 and 50 Day Moving Averages

EUR/CHF 4 Hour Price Update

Updated May 15, 2020 01:07 PM GMT (09:07 AM EST)

The choppiness in the recent four-hour candle price action of EUR/CHF continues; to start the current 4 hour candle, it came in at a price of 1.0514, down 3 pips (0.03%) since the previous 4 hours. Compared to its peers in the Forex, EUR/CHF gave its buyers a return that ranked 19th in terms of percentage change since the previous 4 hours.

EUR/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

The choppiness in the recent daily price action of EUR/CHF continues; to start today, it came in at a price of 1.05171, up 5 pips (0.04%) since the previous day. Compared to its peers in the Forex, EUR/CHF gave its buyers a return that ranked 20th in terms of percentage change since the previous day. Here is a price chart of EUR/CHF.

EUR/CHF Technical Analysis

Notably, 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. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Or to simplify this another way, note that out of the past 10 days EUR/CHF’s price has gone up 5 them.

The View From Around the Web

Of note is that traders in aggregate have opinions on EURCHF, with 7 buy signals on our radar and 6 sell signals. This imputes a buy/sell ratio of 1.17, which is neutral. As for the rationale, technical traders seem to be citing the appearance of channel, oscillator and triangle technical patterns. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

The pair has rejected any breakout on 4H Chart. Sell rally continues. Possible entry points for pairs are Sell Stop: 1.05050Stop Loss: 1.06136Take Profit: 1.04050Share your ideas in comments.join our telegram channel for Premium signals @dragoncaptain