(Last Updated July 10, 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:
On NZDCHF, there is currently an uptrend on the 90 and 14 day timeframes.
Nuances in the trend on NZDCHF can be understood by observing the behavior of its moving averages. Of the 20, 50, 100, and 200 day averages — three of them (all but the 200) — are bullish, suggesting the trend is generally upward, save for a decline that occurred about 6 months ago.
The chart below illustrates.
Regarding NZDCHF’s correlations over the past 7 days, it has demonstrated the strongest correlation with AUDCAD. Over the past 14 days, however, NZDUSD is the asset most correlated to NZDCHF. Alternatively, the asset least correlated with NZDCHF over the past week has been USDMXN, but over the past two weeks, USDJPY has been the asset least correlated with NZDCHF. See the chart below to observe the recent price action in NZDCHF versus those of assets it hasn’t been well correlated with.
.
At the time of this writing, NZDCHF’s rate is up 0.0028 (0.45%) from the week prior. Moreover, note that this is the 2nd week in a row NZDCHF has seen its price head up. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on NZDCHF. Given that we see an uptrend on the 20 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Looking further out, the moving averages on the weekly timeframe suggest a bearishess in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The weekly chart below shows NZDCHF’s price action over the past year.
But, let’s take that with a grain of salt. 🙂 as for the rationale, technical traders seem to be citing the appearance of a divergence technical pattern.
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
Relative to other instruments in the forex asset class, nzd/chf ranked 28th the previous day in terms of percentage price change.
The closest is the 200 day average, which is 49.8 pips away.
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
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.
Volatility for nzd/chf has been contracting over the past two weeks relative to volatility over the past month.
Volatility for nzd/chf has been contracting over the past two weeks relative to volatility over the past month.
Or to simplify this another way, note that out of the past 30 days nzd/chf’s price has gone up 19 them.
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.