EUR/CHF Up 1 Pips Over Past 4 Hours, Came Into Today Up For the 4th Day In A Row; Crosses 50 Day Moving Average

EUR/CHF 4 Hour Price Update

Updated March 26, 2020 05:10 AM GMT (01:10 AM EST)

EUR/CHF is up 1 pips (0.01%) since the last 4 hour candle (opening the current 4 hour candle near 1.0631), marking the 4th candle in a row it has gone up. Compared to its peers in the Forex, EUR/CHF gave its buyers a return that ranked 26th in terms of percentage change since the last 4 hour candle.

EUR/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/CHF is up 40 pips (0.38%) since the day prior (opening today near 1.0629), marking the 4th day in a row an upward move has occurred. Relative to other instruments in the Forex asset class, EUR/CHF ranked 11th the day prior in terms of percentage price change. Below is a price chart of EUR/CHF.

EUR/CHF Technical Analysis

Moving average crossovers are always interesting, so let’s start there: EUR/CHF crossed above its 50 day moving average yesterday. 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. For additional context, note that price has gone up 6 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 6 buy signals on our radar and 4 sell signals. This imputes a buy/sell ratio of 1.5, which is bullish. As for the rationale, technical traders seem to be citing the appearance of a trendline technical pattern. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

EURCHF bearish trendline broken wait for retest and enter the trade .