NZD/CHF Up 17 Pips in Last 4 Hours, Makes Big Move Relative to Two Week Trend; in a Downtrend Over Past 14 Days

NZD/CHF 4 Hour Price Update

Updated June 29, 2020 09:10 PM GMT (05:10 PM EST)

NZD/CHF is up 17 pips (0.28%) since the previous 4 hours (opening the current 4 hour candle near 0.6106), marking the 2nd candle in a row an upward move has occurred. Compared to its peers in the Forex, NZD/CHF gave its buyers a return that ranked 2nd in terms of percentage change since the previous 4 hours.

NZD/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for NZD/CHF, which started today off at 0.6087267011, up 4 pips 0.06% from the previous day. Relative to other instruments in the Forex asset class, NZD/CHF ranked 8th the previous day in terms of percentage price change. Here is a price chart of NZD/CHF.

NZD/CHF Technical Analysis

The first thing we should note is that NZD/CHF is now close to its 20, 50 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 200 day average, which is 47.8 pips away. Volatility for NZD/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 14 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up. For additional context, note that price has gone up 7 out of the past 14 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for NZDCHF; just 2 sell signals and 3 buy signals. This imputes a buy/sell ratio of 1.5, which is bullish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

The PA has been quite clean. Expecting something roughly like this https://www.tradingview.com/x/zD53osSf/