USD/CHF 4 Hour Price Update
Updated March 26, 2020 05:14 AM GMT (01:14 AM EST)
USD/CHF entered the current 4 hour candle at 0.9738, down 25 pips (0.26%) from the last 4 hour candle. Relative to other instruments in the Forex asset class, USD/CHF ranked 36th the last 4 hour candle in terms of percentage price change.
USD/CHF End of Day Recap
Updated 00:30 GMT (04:30 EST)
USD/CHF is down 34 pips (0.35%) since yesterday (opening today near 0.9764), marking the 4th day in a row it has gone down. Out of the 40 instruments in the Forex asset class, USD/CHF ended up ranking 21st for the day in terms of price change. Let’s take a look at price chart of USD/CHF.
USD/CHF Technical Analysis
Coming into today USD/CHF is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone down 8 out of the past 14 days. 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
We’re seeing some traders come out with interesting conviction on USDCHF, with 18 buy signals on our radar and 15 sell signals. This imputes a buy/sell ratio of 1.2, which is neutral. As for the rationale, technical traders seem to be citing the appearance of a triangle technical pattern. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.
Disclaimer: Trade Revenue Pro’s view on the Forex Charts is not advice or a recommendation to trade or invest, it is only for educational purposes….Keep in mind, These are Just Market Predictions and not a Trade Signal or Trade Ideas, At Trade Revenue Pro We are Using Daily Time Frame to Identify Major Price Movements and Push Down 4-Hour Time Frame to Get Favourable Risk to Reward For Our Trades, Furthermore, We are Using Tight Risk Management Method to Preserve Our Trading capital….Trade Analysis from – Trade Revenue Pro