NZD/CHF Up 2 Pips in Last 4 Hours, Makes Big Move Relative to Past Month; Pin Bar Pattern Appearing on Chart

NZD/CHF 4 Hour Price Update

Updated July 22, 2020 09:16 AM GMT (05:16 AM EST)

The back and forth price flow continues for NZD/CHF, which started the current 4 hour candle off at 0.6196, up 2 pips 0.03% from the previous 4 hours. Compared to its peers in the Forex, NZD/CHF gave its buyers a return that ranked 15th 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, which opened today priced near 0.6196034701, is down 1 pips 0.02% since yesterday, marking a reversal from the day prior — and the end of a 3 day positive run. Out of the 40 instruments in the Forex asset class, NZD/CHF ended up ranking 28th for the day in terms of price change. Here 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, 50 and 200 day averages, located at 0.6165, 0.6133 and 0.6114 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 31.4 pips away. 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. For additional context, note that price has gone up 8 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

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.