NZD/CHF Down 4 Pips Over Past 4 Hours, in an Uptrend Over Past 90 Days; Doji and Pin Bar Patterns Appearing on Chart

NZD/CHF 4 Hour Price Update

Updated June 26, 2020 01:09 PM GMT (09:09 AM EST)

NZD/CHF is down 4 pips (0.07%) since the last 4 hour candle (opening the current 4 hour candle near 0.6098), marking the 2nd candle in a row a decline has happened. Relative to other instruments in the Forex asset class, NZD/CHF ranked 20th the last 4 hour candle in terms of percentage price change.

NZD/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

NZD/CHF is up 3 pips (0.04%) since the previous day (opening today near 0.6100095584), marking the 2nd day in a row it has gone up. Relative to other instruments in the Forex asset class, NZD/CHF ranked 18th the previous day in terms of percentage price change. The price chart of NZD/CHF below illustrates.

NZD/CHF Technical Analysis

Notably, 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 200 day average, which is 36.3 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 down 6 out of the past 10 days. And for candlestick traders, a special treat: there are doji and pin bar patterns 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 4 buy signals on our radar and 6 sell signals. This imputes a buy/sell ratio of 0.67, which is 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 ❤️