NZD/CHF Up 7 Pips On 4 Hour Chart, 2 Day Down Streak Broken; Pin Bar Pattern Appearing on Chart

NZD/CHF 4 Hour Price Update

Updated August 06, 2020 09:07 AM GMT (05:07 AM EST)

The back and forth price flow continues for NZD/CHF, which started the current 4 hour candle off at 0.6033, up 7 pips 0.12% from the last 4 hour candle. Compared to its peers in the Forex, NZD/CHF gave its buyers a return that ranked 15th in terms of percentage change since the last 4 hour candle.

NZD/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

NZD/CHF entered today at 0.6038514604, up 1 pips (0.01%) from the day prior. Relative to other instruments in the Forex asset class, NZD/CHF ranked 28th the day prior in terms of percentage price change. Here is a price chart of NZD/CHF.

NZD/CHF

NZD/CHF Technical Analysis

Coming into today the current price of NZD/CHF is sitting close to its 20, 50, 100 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 100 day average, which is 11.5 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up. Or to simplify this another way, note that out of the past 10 days NZD/CHF’s price has gone down 6 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

We’re seeing some traders come out with interesting conviction on NZDCHF, with 4 buy signals on our radar and 5 sell signals. This imputes a buy/sell ratio of 0.8, which is neutral. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

Sell idea taken from our Tradeday app. Refer to our TA commentary on the chart.