NZDCHF Down 1 Pips in Last Hour, Came Into Today Up For the 2nd Day In A Row; Crosses 100 Day Moving Average
The closest is the 100 day average, which is 11 pips away.
NZDCHF
(Last Updated October 28, 2020)
Welcome to the news page for NZDCHF (NZDCHF). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
If we observe the 90 and 30 day timeframes, we see a downtrend in place for NZDCHF.
NZDCHF Moving Averages
Nuances in the trend on NZDCHF can be understood by observing the behavior of its moving averages. The 20 and 50 day averages suggest a bullish trend, as they are pointing upwards, while the 100 and 200 day averages are pointing downward, suggesting a bearish trend on those timeframes. This implies that the long-term trend — meaning going back over 3 months — is bearish, while the trend over the past month and a half is bullish.
The chart below illustrates.
In terms of correlations over the past week for NZDCHF, it has demonstrated the strongest correlation with EURNZD. EURNZD is the asset with which NZDCHF has been most correlated with over the past two weeks as well, so this may be a recurring pattern. On the flip side, the asset least correlated with NZDCHF over the past week has been EURSEK, but if we observe the prior two weeks, the asset least correlated with NZDCHF has been USDCAD. See the chart below to observe the recent price action in NZDCHF versus those of assets it hasn’t been well correlated with.
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The View From the Weekly Timeframe
At the moment, NZDCHF’s rate is up 0.0052 (0.86%) from the week prior. Moreover, note that this is the 2nd consecutive week NZDCHF has seen its price head up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 5, 10 and 20 week timeframes. Most noteworthy in the world of moving averages on the weekly chart is that the 20 week moving average has been crossed, with price now being above it. Looking further out, the moving averages on the weekly timeframe suggest a bullishness in price, as the 20 and 50 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. NZDCHF’s weekly price action over the past 52 weeks can be seen via the chart below.
NZDCHF: The Monthly View
Clearest trend on the monthly is apparent at the 120 month timeframe.
NZDCHF Up 1 Pips Over Past Hour, Moves Up For the 2nd Day In A Row; Price Base in Formation Over Past 14 Days
Price action traders may also wish to note that we see a pin bar candlestick pattern on nzdchf.
NZDCHF Down 0 Pips Over Past Hour, Crosses 20 and 50 Day Moving Averages; Price Base in Formation Over Past 14 Days
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
NZDCHF Down 0 Pips On Hourly Chart, 2 Day Up Streak Broken; Crosses 20 and 50 Day Moving Averages
The closest is the 200 day average, which is 6.6 pips away.
NZDCHF Up 2 Pips On Hourly Chart, Moves Up For the 2nd Straight Day; Crosses 20, 50 and 200 Day Moving Averages
Of note is that the 100 hour changed directions on nzdchf; it is now pointing up.
NZDCHF Up 9 Pips On Hourly Chart; Entered Today Down For the 2nd Day In A Row
The closest is the 200 day average, which is 74.7 pips away.
NZDCHF Down 4 Pips in Last Hour; Moves Down For the 2nd Consecutive Day
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
NZDCHF Down 11 Pips Over Past Hour
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.
NZDCHF Down 2 Pips Over Past Hour; Nears 20, 50 and 200 Day Moving Averages
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
NZDCHF Up 7 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; 2 Day Up Streak Ended
This move is a reversal from the hour prior, which saw price move down.