4 hour USD / CHF price update
Updated on April 10, 2020 at 12:46 GMT (20:46 EST)
After 4 four-hour bearish candles, the USD / CHF renounces its streak, increasing 9 pips (0.09%) in the past four hours to close at an exchange rate of 0.9669. Of the 36 instruments in the Forex asset class, the USD / CHF has finished 4th place for the four hour candle in terms of price change.
End of day summary USD / CHF
Updated 00:30 GMT (04:30 EST)
The unrest in the recent daily action on the USD / CHF prices continues; to start today, it came in at 0.9667, up 7 pips (0.08%) from the previous day. Of the 40 instruments in the Forex asset class, the USD / CHF has finished 11th in the day in terms of price change. Let’s take a look at the USD / CHF price table.
Technical analysis USD / CHF
Moving average crossovers are always interesting, so let’s start there: the USD / CHF yesterday exceeded its moving average by 50 days. As for the alignment of moving averages, well, it’s a bit mixed; the 20, 50, 100 and 200 do not progress from the largest to the smallest, or vice versa. The closest is the 50-day average, which is 8.1 pips. It should be noted, however, that the 20-day simple moving average has gone down, which may be a bearish sign. The clearest trend exists over the 30 day period, which shows that the price increases during this period. For additional context, note that the price has increased by 7 over the past 10 days. And for candlestick traders, a treat: there is also a pin bar pattern on the charts. Rejoice!
The web view
It should be noted that traders as a whole have opinions on USDCHF, with 3 buy signals on our radar and 25 sell signals. This imputes a buy / sell ratio of 0.12, which is quite bearish. As for the justification, technical traders seem to cite the appearance of a technical trend model. Here is an article we found on tradingview.com; below is a short extract from it to give you a taste.
Using the trend line, we can see that the USD / CHF has a selling trend.