NZD/CHF Up 10 Pips, in a Downtrend Over Past 30 Days; Nears 20 Day Moving Average

NZD/CHF Price Recap

NZD/CHF, currently priced near 0.63147, is up 10 pips 0.16% since yesterday, marking a reversal from the day prior — and the end of a 3 day negative run. This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 31.97% from the day before — and down 31.85% from the same day the week before. Relative to other instruments in the Forex asset class, NZD/CHF ranked 10th yesterday in terms of percentage price change. Here is a price chart of NZD/CHF.

NZD/CHF Technical Analysis

Notably, NZD/CHF is now close to its 20, 50, 100 and 200 day averages, located at 0.6318, 0.6407, 0.6365 and 0.6411 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 3.2 pips away. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 30 days NZD/CHF’s price has gone down 17 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing doji pattern appearing here.

The View From Around the Web

We’re seeing some traders come out with interesting conviction on NZDCHF, with 0 buy signals on our radar and 8 sell signals. This imputes a buy/sell ratio of 0, which is quite bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

Looking for another NZD sell. Wait for 1 more touch of the propel box plus a hot of the trend line with a rejection candle stick formation to take this all the way down the the -61.8%.200 PIP GAIN 6/1 RR