NZD/CHF Up 10 Pips Over Past 4 Hours, Makes Big Move Relative to Past Month; Pin Bar Pattern Appearing on Chart

NZD/CHF 4 Hour Price Update

Updated July 23, 2020 09:23 AM GMT (05:23 AM EST)

NZD/CHF is up 10 pips (0.16%) since the previous 4 hours (opening the current 4 hour candle near 0.6204), marking the 2nd candle in a row an increase has occurred. Compared to its peers in the Forex, NZD/CHF gave its buyers a return that ranked 6th 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 down 3 pips (0.05%) since yesterday (opening today near 0.6189117261), marking the 2nd day in a row it has gone down. Compared to its peers in the Forex, NZD/CHF gave its buyers a return that ranked 36th in terms of percentage change since yesterday. 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 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 20 day average, which is 20.9 pips away. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 18 out of the past 30 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 2 buy signals on our radar and 8 sell signals. This imputes a buy/sell ratio of 0.25, which is bearish. Here’s a piece we found on tradingview.com that we thought you might enjoy.