USD/CHF Up 27 Pips On 4 Hour Chart, Moves Up For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart

USD/CHF 4 Hour Price Update

Updated March 31, 2020 01:06 PM GMT (09:06 AM EST)

USD/CHF is up 27 pips (0.28%) since the previous 4 hours (opening the current 4 hour candle near 0.9659), marking the 2nd candle in a row it has gone up. Compared to its peers in the Forex, USD/CHF gave its buyers a return that ranked 10th in terms of percentage change since the previous 4 hours.

USD/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/CHF is up 21 pips (0.22%) since the day prior (opening today near 0.9601), marking the 3rd day in a row an upward move has occurred. Relative to other instruments in the Forex asset class, USD/CHF ranked 7th the day prior in terms of percentage price change. Here is a price chart of USD/CHF.

USD/CHF Technical Analysis

Notably, the current price of USD/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. For additional context, note that price has gone down 18 out of the past 30 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 5 buy signals on our radar and 23 sell signals. This imputes a buy/sell ratio of 0.22, which is bearish. As for the rationale, technical traders seem to be citing the appearance of double top, flag and wedge technical patterns. Here’s a piece we found on; below is a short snippet from it to give you a taste.

✅ usdch TP1, TP2 and TP3 hit +147 pips + now possible wedge