NZD/CHF Down 63 Pips; in a Downtrend Over Past 14 Days

NZD/CHF Price Recap

NZD/CHF is down 63 pips (1%) since yesterday (with its current price near 0.62247), marking the 3rd day in a row it has gone down. The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 11.47% from the day prior, and up 30.83% from the same day the week before. Relative to other instruments in the Forex asset class, NZD/CHF ranked 37th yesterday 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 100 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 100 day average, which is 139.3 pips away. Volatility for NZD/CHF has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 6 out of the past 10 days.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for NZDCHF; just 3 sell signals and 1 buy signals. This imputes a buy/sell ratio of 0.33, which is bearish. Here’s a piece we found on tradingview.com that we thought you might enjoy.