NZD/CHF Down 153 Pips; in a Downtrend Over Past 90 Days

NZD/CHF Price Recap

NZD/CHF is down 153 pips (2.68%) since yesterday (with its current price near 0.55491), marking the 3rd day in a row a decline has happened. The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 24.26% from the day prior, and up 22.26% from the same day the week before. Out of the 40 instruments in the Forex asset class, NZD/CHF ended up ranking 32nd for the day in terms of day-over-day price change. Let’s take a look at price chart of NZD/CHF.

NZD/CHF Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 30 days NZD/CHF’s price has gone down 23 them.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for NZDCHF; just 2 sell signals and 1 buy signals. This imputes a buy/sell ratio of 0.5, which is bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

Nzd/chf va tomber plus bas !tendance actuelle est baissièrearrive logique jusqu’à 0.54456 peux être arrêté vers 0.55798 a surveiller voire fermerBon Trades a Vous!