USD/CHF Down 1 Pips in Last 4 Hours, Moves Up For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart

USD/CHF 4 Hour Price Update

Updated April 09, 2020 01:09 AM GMT (09:09 PM EST)

USD/CHF entered the current 4 hour candle at 0.9719, down 1 pips (0.01%) from the previous 4 hours. Out of the 36 instruments in the Forex asset class, USD/CHF ended up ranking 25th for the four-hour candle in terms of price change.

USD/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/CHF is up 4 pips (0.04%) since the previous day (opening today near 0.972), marking the 2nd day in a row an upward move has occurred. Out of the 40 instruments in the Forex asset class, USD/CHF ended up ranking 26th for the day in terms of price change. Here is a price chart of USD/CHF.

USD/CHF Technical Analysis

The first thing we should note is that USD/CHF is now close to its 20, 50, 100 and 200 day averages, located at 0.9716, 0.9662, 0.9694 and 0.98 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 20 day average, which is 4.4 pips away. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 10 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.