NZD/CHF 4 Hour Price Update
Updated August 03, 2020 05:11 AM GMT (01:11 AM EST)
NZD/CHF is up 4 pips (0.07%) since the last 4 hour candle (opening the current 4 hour candle near 0.6064), marking the 2nd candle in a row it has gone up. Relative to other instruments in the Forex asset class, NZD/CHF ranked 11th the last 4 hour candle in terms of percentage price change.
NZD/CHF End of Day Recap
Updated 00:30 GMT (04:30 EST)
NZD/CHF is down 5 pips (0.08%) since the previous day (opening today near 0.6044222924), marking the 2nd day in a row it has gone down. Out of the 40 instruments in the Forex asset class, NZD/CHF ended up ranking 34th for the day in terms of 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, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. 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 24.9 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe. For additional context, note that price has gone down 7 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
The View From Around the Web
Of note is that traders in aggregate have opinions on NZDCHF, with 4 buy signals on our radar and 0 sell signals. This imputes a buy/sell ratio that’s infinite! But, let’s not get carried away with that idea just yet. 🙂 As for the rationale, technical traders seem to be citing the appearance of demand zone technical patterns. Here’s a piece we found on tradingview.com that we thought you might enjoy.