NZD/CHF Up 12 Pips in Last 4 Hours, Nears 20 and 200 Day Moving Averages; Pin Bar Pattern Appearing on Chart

NZD/CHF 4 Hour Price Update

Updated June 30, 2020 09:10 PM GMT (05:10 PM EST)

NZD/CHF is up 12 pips (0.2%) since the last 4 hour candle (opening the current 4 hour candle near 0.6111), marking the 2nd candle in a row an upward move has occurred. Out of the 37 instruments in the Forex asset class, NZD/CHF ended up ranking 8th for the four-hour candle in terms of price change.

NZD/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

NZD/CHF is up 7 pips (0.12%) since the day prior (opening today near 0.611438209), marking the 3rd day in a row an increase has occurred. Out of the 40 instruments in the Forex asset class, NZD/CHF ended up ranking 13th for the day in terms of price change. Below is a price chart of NZD/CHF.

NZD/CHF Technical Analysis

Coming into today 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 20 day average, which is 12.9 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. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 18 out of the past 30 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!