NZD/CHF Up 46 Pips in Last 4 Hours, in a Downtrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

NZD/CHF 4 Hour Price Update

Updated March 24, 2020 03:16 AM GMT (11:16 PM EST)

NZD/CHF is up 46 pips (0.82%) since the last 4 hour candle (opening the current 4 hour candle near 0.5633), marking the 3rd candle in a row an increase has occurred. Compared to its peers in the Forex, NZD/CHF gave its buyers a return that ranked 7th in terms of percentage change since the last 4 hour candle.

NZD/CHF Daily New York Session Recap

Updated 21:00 GMT (17:00 EST)

NZD/CHF is up 35 pips (0.63%) since yesterday’s New York session (opening today’s post-New York session near 0.56186), marking the 2nd day in a row an increase has occurred. The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 17.91% from the day prior, but up 51.98% from the same day the week before. Relative to other instruments in the Forex asset class, NZD/CHF ranked 14th yesterday’s New York session in terms of percentage price change. Below is a price chart of NZD/CHF.

NZD/CHF Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. 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

Not much in terms quality buy/sell signals we’re seeing for NZDCHF; just 1 sell signals and 0 buy signals. This imputes a buy/sell ratio of 0, which is quite bearish. Here’s a piece we found on tradingview.com that we thought you might enjoy.