NZD/CHF Down 0 Pips On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; Price Base in Formation Over Past 14 and 30 Days

NZD/CHF 4 Hour Price Update

Updated July 02, 2020 01:13 AM GMT (09:13 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 0.6125, down 0 pips (0%) since the last 4 hour candle. Out of the 37 instruments in the Forex asset class, NZD/CHF ended up ranking 13th for the four-hour candle in terms of price change.

NZD/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

NZD/CHF is up 8 pips (0.14%) since the day prior (opening today near 0.6131616064), marking the 5th day in a row it has gone up. Compared to its peers in the Forex, NZD/CHF gave its buyers a return that ranked 4th in terms of percentage change since the day prior. The price chart of NZD/CHF below illustrates.

NZD/CHF Technical Analysis

Moving average crossovers are always interesting, so let’s start there: NZD/CHF crossed above its 200 day moving average yesterday. 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 200 day average, which is 0.3 pips away. 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. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Also of note is that on the 14 and 30 day bases price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to simplify this another way, note that out of the past 30 days NZD/CHF’s price has gone up 19 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for NZDCHF; just 1 sell signals and 1 buy signals. This imputes a buy/sell ratio of 1, which is neutral. Here’s a piece we found on tradingview.com that we thought you might enjoy.