This imputes a buy/sell ratio of 0.73, which is bearish.
Relative to other instruments in the forex asset class, eur/chf ranked 27th the day prior in terms of percentage price change.
The closest is the 20 day average, which is 19.8 pips away.
This imputes a buy/sell ratio of 0.33, which is bearish.
The closest is the 200 day average, which is 47.6 pips away.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.
This time price is at my long term trendline. if it does respects it, we could be going all the way south.
As for the rationale, technical traders seem to be citing the appearance of a pennant technical pattern.
As for the rationale, technical traders seem to be citing the appearance of a fibonacci technical pattern.
Compared to its peers in the forex, nzd/jpy gave its buyers a return that ranked 6th in terms of percentage change since the day prior.