NZD/CHF Price Recap
NZD/CHF is down 41 pips (0.67%) since yesterday (with its current price near 0.6102), marking the 6th 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 14.41% from the day prior, and up 122.5% from the same day the week before. Out of the 40 instruments in the Forex asset class, NZD/CHF ended up ranking 31st for the day in terms of day-over-day price change. Below is a price chart of NZD/CHF.
NZD/CHF Technical Analysis
Notably, the current price of NZD/CHF is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 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 19 them.
The View From Around the Web
Of note is that traders in aggregate have opinions on NZDCHF, with 4 buy signals on our radar and 8 sell 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 continues the downtrend and continues to push through points of buy sensitivity turning them into future resistance zones. We are reaching an all-time monthly support zone and I anticipate that we will test this zone before any reversal.