EUR/CHF Down 5 Pips in Last 4 Hours, Came Into Today Up For the 5th Day In A Row; in an Uptrend Over Past 30 Days

EUR/CHF 4 Hour Price Update

Updated June 04, 2020 01:13 AM GMT (09:13 PM EST)

The back and forth price flow continues for EUR/CHF, which started the current 4 hour candle off at 1.0802, down 5 pips 0.05% from the last 4 hour candle. Relative to other instruments in the Forex asset class, EUR/CHF ranked 27th the last 4 hour candle in terms of percentage price change.

EUR/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/CHF is up 5 pips (0.04%) since the day prior (opening today near 1.08021), marking the 5th day in a row an upward move has occurred. Compared to its peers in the Forex, EUR/CHF gave its buyers a return that ranked 22nd in terms of percentage change since the day prior. Here is a price chart of EUR/CHF.

EUR/CHF Technical Analysis

The first thing we should note is that EUR/CHF is now close to its 20, 50, 100 and 200 day averages, located at 1.0627, 1.0572, 1.0586 and 1.0737 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 65.2 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to simplify this another way, note that out of the past 14 days EUR/CHF’s price has gone up 10 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for EURCHF; just 2 sell signals and 2 buy signals. This imputes a buy/sell ratio of 1, which is neutral. Here’s a piece we found on tradingview.com that we thought you might enjoy.