NZD/CHF Down 0 Pips On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; in a Downtrend Over Past 90 Days

NZD/CHF 4 Hour Price Update

Updated April 09, 2020 01:06 AM GMT (09:06 PM EST)

The choppiness in the recent four-hour candle price action of NZD/CHF continues; to start the current 4 hour candle, it came in at a price of 0.5841, down 0 pips (0%) since the previous 4 hours. Compared to its peers in the Forex, NZD/CHF gave its buyers a return that ranked 23rd in terms of percentage change since the previous 4 hours.

NZD/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

NZD/CHF is up 15 pips (0.25%) since the day prior (opening today near 0.5848524), marking the 2nd day in a row it has gone up. Relative to other instruments in the Forex asset class, NZD/CHF ranked 3rd the day prior in terms of percentage price change. Below is a price chart of NZD/CHF.

NZD/CHF Technical Analysis

The first thing we should note is that NZD/CHF is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. Volatility for NZD/CHF has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed up. Or to simplify this another way, note that out of the past 30 days NZD/CHF’s price has gone up 15 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for NZDCHF; just 2 sell signals and 1 buy signals. This imputes a buy/sell ratio of 0.5, which is bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

cuurently, NZDCHF is at a strong market key level which is quite strong,the market will go bearish so as to respect the zone.