NZD/CHF Down 12 Pips, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart

NZD/CHF Price Recap

0.5879 (USD) was the opening price of the day for NZD/CHF, resulting in yesterday being a day in which price moved down 12 pips 0.2% from the day prior. This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 29.73% from the day before — and down 10.97% from the same day the week before. Out of the 40 instruments in the Forex asset class, NZD/CHF ended up ranking 20th for the day in terms of day-over-day price change. The price chart of NZD/CHF below illustrates.

NZD/CHF Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 8 out of the past 10 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 0 sell signals and 3 buy signals. This imputes a buy/sell ratio that’s infinite! But, let’s not get carried away with that idea just yet. 🙂 Here’s a piece we found on tradingview.com that we thought you might enjoy.