CAD/CHF 4 Hour Price Update

Updated June 26, 2020 01:00 AM GMT (09:00 PM EST)

CAD/CHF is up 2 Pips (0.03%) since the previous 4 hours (opening the current 4 hour candle near 0.6952), marking the 2nd candle in a row an upward move has occurred. Compared to its peers in the Forex, CAD/CHF gave its buyers a return that ranked 7th in terms of percentage change since the previous 4 hours.

CAD/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

CAD/CHF is up 2 pips (0.04%) since the previous day (opening today near 0.6956), marking the 2nd day in a row an upward move has occurred. Compared to its peers in the Forex, CAD/CHF gave its buyers a return that ranked 16th in terms of percentage change since the previous day. The price chart of CAD/CHF below illustrates.

CAD/CHF Technical Analysis

Coming into today CAD/CHF is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. 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 50 day Average, which is 23.4 pips away. Volatility for CAD/CHF has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 10 days CAD/CHF’s price has gone up 7 them.

The View From Around the Web

We’re seeing some traders come out with interesting conviction on Cadchf, with 9 buy signals on our radar and 2 sell signals. This imputes a buy/sell ratio of 4.5, which is bullish. As for the rationale, technical traders seem to be citing the appearance of a trendline technical pattern. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

CADCHF Bullish Signal. – Bullish Gartley Found- Uptrend line touched

The post CAD/CHF Up 2 Pips On 4 Hour Chart, Moves Up For the 2nd Day In A Row; is Inching Close to 50 and 100 Day Averages appeared first on CFDTrading.