USD/CNH Up 38 Pips On 4 Hour Chart; Moves Up For the 2nd Day In A Row

USD/CNH 4 Hour Price Update

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

USD/CNH is up 38 pips (0.05%) since the previous 4 hours (opening the current 4 hour candle near 7.11873), marking the 2nd candle in a row it has gone up. Relative to other instruments in the Forex asset class, USD/CNH ranked 15th the previous 4 hours in terms of percentage price change.

USD/CNH End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/CNH is up 227 pips (0.32%) since the previous day (opening today near 7.10932), marking the 2nd day in a row an upward move has occurred. Out of the 40 instruments in the Forex asset class, USD/CNH ended up ranking 5th for the day in terms of price change. Here is a price chart of USD/CNH.

USD/CNH Technical Analysis

Coming into today USD/CNH is now close to its 20, 50, 100 and 200 day averages, located at 7.0321, 7.0033, 6.9955 and 7.0119 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 772.1 pips away. For additional context, note that price has gone up 8 out of the past 14 days.