USD/CHF Down 2 Pips On 4 Hour Chart, Moves Up For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 9 out of the past 14 days.
USDCHF
(Last Updated April 8, 2020)
Hello! This is the news page for USDCHF. Below you’ll find our daily market updates. Here’s a summary of where things currently stand:
The Latest News On Trends by Moving Averages
Here is what the moving averages are indicating about the trend in the rate of USDCHF:
20 Day Moving Average Direction: bullish
50 Day Moving Average Direction: bearish
100 Day Moving Average Direction: bearish
200 Day Moving Average Direction: bearish
How the Current USDCHF Rate Fares Relative to the Past Year?
The previous trading day saw USDCHF close at a rate of 0.9691. On a relative basis, that puts the pair closer to its 52 week high (currently at 1.0028) than its 52 week low (now at 0.91823).To dig deeper and get the latest news on USDCHF, try the links below. You can also visit the MarketWatch or Investing.com pages on USDCHF for more news as well.
USD/CHF Up 6 Pips in Last 4 Hours, Eyes 20, 50 and 100 Day Averages; Pin Bar Pattern Appearing on Chart
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.
USD/CHF Down 1 Pips in Last 4 Hours, Moves Up For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
The closest is the 20 day average, which is 4.4 pips away.
USD/CHF Down 3 Pips On 4 Hour Chart, 6 Day Up Streak Ended; is Inching Close to 200 Day Average
This imputes a buy/sell ratio of 0.36, which is bearish.
USD/CHF Up 7 Pips in Last 4 Hours, Moves Up For the 6th Day In A Row; Nears 100 Day Moving Average
As for the rationale, technical traders seem to be citing the appearance of a fibonacci technical pattern.
USD/CHF Down 1 Pips in Last 4 Hours, in an Uptrend Over Past 30 Days; is Inching Close to 200 Day Average
This imputes a buy/sell ratio of 0.71, which is bearish.
USD/CHF Down 11 Pips in Last 4 Hours, 3 Day Up Streak Ended; Breaks Below 20 Day Average
This imputes a buy/sell ratio of 0.64, which is bearish.
USD/CHF Up 14 Pips On 4 Hour Chart, Moves Up For the 5th Day In A Row; Crosses 50 Day Moving Average
Or to simplify this another way, note that out of the past 10 days usd/chf’s price has gone up 5 them.
USD/CHF Up 12 Pips Over Past 4 Hours, Moves Down For the 5th Day In A Row; is Inching Close to 20 Day Average
Out of the 40 instruments in the forex asset class, usd/chf ended up ranking 30th for the day in terms of price change.
USD/CHF Up 27 Pips On 4 Hour Chart, Moves Up For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart
This imputes a buy/sell ratio of 0.22, which is bearish.