NZD/CHF Heads Down For the 4th Day In A Row, in an Uptrend Over Past 90 Days; Nears 20 and 200 Day Moving Averages

NZD/CHF Price Recap

NZD/CHF is down 9 pips (0.14%) since yesterday (with its current price near 0.6503), marking the 4th day in a row a decline has happened. This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 18.82% from the day before — and down 13.36% from the same day the week before. Out of the 40 instruments in the Forex asset class, NZD/CHF ended up ranking 19th for the day in terms of day-over-day price change. Let’s take a look at price chart of NZD/CHF.

NZD/CHF Technical Analysis

Notably, the current price of NZD/CHF is sitting close to its 20, 50 and 200 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 20 day average, which is 17.4 pips away. In addition to the moving average crossover, NZD/CHF may have broken its trend on the 14 day basis, as the trend’s momentum appears to be slowing down. Volatility for NZD/CHF has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 10 days NZD/CHF’s price has gone up 5 them. And for candlestick traders, a special treat: there is a doji pattern showing up on the charts as well. Rejoice!