NZD/CHF Up 14 Pips in Last 4 Hours, 4 Day Down Streak Snapped; in an Uptrend Over Past 30 Days

NZD/CHF 4 Hour Price Update

Updated June 22, 2020 01:06 PM GMT (09:06 AM EST)

NZD/CHF is up 14 pips (0.23%) since the last 4 hour candle (opening the current 4 hour candle near 0.6137), marking the 3rd candle in a row an upward move has occurred. Compared to its peers in the Forex, NZD/CHF gave its buyers a return that ranked 4th in terms of percentage change since the last 4 hour candle.

NZD/CHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

A moment of silence, please, for the end of NZD/CHF’s 4 day down streak; price ended yesterday up 5 pips (0.08%) to finish the day at a rate of 0.6102561792. Out of the 40 instruments in the Forex asset class, NZD/CHF ended up ranking 5th for the day in terms of price change. Here is a price chart of NZD/CHF.

NZD/CHF Technical Analysis

Coming into today the current price of NZD/CHF is sitting close to its 20, 50 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 30.7 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 30 and 90 day timeframes. For additional context, note that price has gone up 19 out of the past 30 days. 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 2 sell signals and 1 buy signals. This imputes a buy/sell ratio of 0.5, which is bearish. Here’s a piece we found on tradingview.com that we thought you might enjoy.