NZD/CHF Price Recap
NZD/CHF is down 26 pips (0.41%) since yesterday (with its current price near 0.6143), marking the 5th 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 9.91% from the day prior, and up 211.44% from the same day the week before. Relative to other instruments in the Forex asset class, NZD/CHF ranked 30th yesterday in terms of percentage price change. The price chart of NZD/CHF below illustrates.
NZD/CHF Technical Analysis
Coming into today NZD/CHF is now close to its 20 day averages, located at 0.6257 respectively, and thus may be at a key juncture along those timeframes. 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 113.6 pips away. 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 10 out of the past 14 days.
The View From Around the Web
We’re seeing some traders come out with interesting conviction on NZDCHF, with 8 buy signals on our radar and 6 sell signals. This imputes a buy/sell ratio of 1.33, which is bullish. Here’s a piece we found on tradingview.com that we thought you might enjoy.