Home Forex USD/CNH Up 38 Pips Over Past 4 Hours; Came Into Today Up For the 2nd Day In A Row

USD/CNH Up 38 Pips Over Past 4 Hours; Came Into Today Up For the 2nd Day In A Row

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USD/CNH 4 Hour Price Update

Updated March 31, 2020 05:06 PM GMT (01:06 PM 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. Compared to its peers in the Forex, USD/CNH gave its buyers a return that ranked 14th in terms of percentage change since the previous 4 hours.

USD/CNH End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/CNH is up 227 pips (0.32%) since yesterday (opening today near 7.10932), marking the 2nd day in a row an upward move has occurred. Compared to its peers in the Forex, USD/CNH gave its buyers a return that ranked 5th in terms of percentage change since yesterday. The price chart of USD/CNH below illustrates.

USD/CNH Technical Analysis

Coming into today USD/CNH is now close to its 20, 50, 100 and 200 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 20 day average, which is 772.1 pips away. Or to simplify this another way, note that out of the past 14 days USD/CNH’s price has gone up 8 them.

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