NZD/CHF Down 12 Pips On 4 Hour Chart, 2 Day Down Streak Broken; in an Uptrend Over Past 90 Days

NZD/CHF 4 Hour Price Update

Updated July 24, 2020 01:10 PM GMT (09:10 AM EST)

The choppiness in the recent four-hour candle price action of NZD/CHF continues; to start the current 4 hour candle, it came in at a price of 0.6123, down 12 pips (0.2%) since the previous 4 hours. Compared to its peers in the Forex, NZD/CHF gave its buyers a return that ranked 35th 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 0.613975992, down 0 pips 0% from the previous day. Relative to other instruments in the Forex asset class, NZD/CHF ranked 22nd the previous day in terms of percentage price change. Here is a price chart of NZD/CHF.

NZD/CHF Technical Analysis

Notably, the current price of NZD/CHF is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 50 day average, which is 1 pips away. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. 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

We’re seeing some traders come out with interesting conviction on NZDCHF, with 0 buy signals on our radar and 9 sell signals. This imputes a buy/sell ratio of 0, which is quite bearish. As for the rationale, technical traders seem to be citing the appearance of a relative strength index technical pattern. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

if so, traders can set orders based on Price Action and expect to reach short-term targets….Be sure to leave a comment let us know how do you see this opportunity and forecast….Trade well, ❤️ForecastCity English Support Team ❤️