NZD/CHF Heads Down For the 2nd Day In A Row, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart

NZD/CHF Price Recap

NZD/CHF is down 16 pips (0.28%) since yesterday (with its current price near 0.5702), marking the 2nd day in a row it has gone down. This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 20.22% from the day before — and down 37.05% from the same day the week before. Relative to other instruments in the Forex asset class, NZD/CHF ranked 26th yesterday in terms of percentage price change. Let’s take a look at price chart of NZD/CHF.

NZD/CHF Technical Analysis

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. Or to simplify this another way, note that out of the past 10 days NZD/CHF’s price has gone down 7 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.

The View From Around the Web

Not much commentary on NZDCHF that we’re finding noteworthy here; guess people aren’t watching this one :). Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

#Analisa NZDCHF NaikSelengkapnya bisa dilihat pada chartJangan lupa untuk share ke rekan traders yang lain untuk saling berbagi analisa dan pandangan terhadap pasar.TradevellingTrading jalan, kita jalan jalanDisclaimer tanggung jawab di serahkan kepada masing masing individu_____________________________________________________________________