USD/CNH 4 Hour Price Update
Updated March 27, 2020 12:53 AM GMT (08:53 PM EST)
USD/CNH is down 48 pips (0.07%) since the last 4 hour candle (opening the current 4 hour candle near 7.0908), marking the 3rd candle in a row a decline has happened. Out of the 40 instruments in the Forex asset class, USD/CNH ended up ranking 20th for the four-hour candle in terms of price change.
USD/CNH End of Day Recap
Updated 00:30 GMT (04:30 EST)
USD/CNH entered today at 7.07779, down 447 pips (0.63%) from yesterday. Relative to other instruments in the Forex asset class, USD/CNH ranked 39th yesterday in terms of percentage price change. The price chart of USD/CNH below illustrates.
USD/CNH Technical Analysis
The first thing we should note is that the current price of USD/CNH 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. 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 587.8 pips away. Or to simplify this another way, note that out of the past 30 days USD/CNH’s price has gone down 15 them.