EUR/CHF Up 59 Pips in Last 4 Hours, Moves Down For the 3rd Day In A Row; Doji Pattern Appearing on Chart

EUR/CHF 4 Hour Price Update

Updated May 18, 2020 05:09 PM GMT (01:09 PM EST)

EUR/CHF is up 59 pips (0.56%) since the previous 4 hours (opening the current 4 hour candle near 1.0577), marking the 2nd candle in a row an upward move has occurred. Compared to its peers in the Forex, EUR/CHF gave its buyers a return that ranked 9th in terms of percentage change since the previous 4 hours.

EUR/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/CHF is down 5 pips (0.05%) since the day prior (opening today near 1.05048), marking the 3rd day in a row a decline has happened. Compared to its peers in the Forex, EUR/CHF gave its buyers a return that ranked 32nd in terms of percentage change since the day prior. Below 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 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 6 out of the past 10 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing doji pattern appearing here.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for EURCHF; just 1 sell signals and 3 buy signals. This imputes a buy/sell ratio of 3, which is bullish. Here’s a piece we found on tradingview.com that we thought you might enjoy.