NZD/CHF Up 4 Pips Over Past 4 Hours, 3 Day Up Streak Snapped; Pin Bar Pattern Appearing on Chart
The closest is the 100 day average, which is 60.3 pips away.
NZDCHF
(Last Updated May 28, 2020)
Hello! This is the news page for NZDCHF. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
As for trends on NZDCHF, we’re seeing an uptrend on shorter timeframes — but a downtrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to sell for those interested in playing the longer term trend.
NZDCHF Moving Averages
The moving averages on NZDCHF summarize its price action in an interesting way. The 20 and 50 day averages suggest a bullish trend, as they are pointing upwards, in contrast to the downward-facing 100 and 200 day averages that imply a bearish trend. 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.
As for correlation, Regarding NZDCHF’s correlations over the past 7 days, it has been most correlated with NZDJPY. NZDJPY 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. Alternatively, the asset least correlated with NZDCHF over the past week has been USDJPY, but if we observe the prior two weeks, GBPCHF 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.
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NZD/CHF Down 11 Pips On 4 Hour Chart, 3 Day Up Streak Broken; in an Uptrend Over Past 14 Days
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
NZD/CHF Up 8 Pips in Last 4 Hours, Makes Big Move Relative to Past Month; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the forex asset class, nzd/chf ranked 15th yesterday in terms of percentage price change.
NZD/CHF Down 11 Pips Over Past 4 Hours, is Inching Close to 100 Day Average; Doji and Pin Bar Patterns Appearing on Chart
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.
NZD/CHF Up 1 Pips On 4 Hour Chart, Price Base in Formation Over Past 14 Days; Eyes 100 Day Average
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.
NZD/CHF Down 0 Pips in Last 4 Hours, Entered Today Up For the 5th Day In A Row; Pin Bar Pattern Appearing on Chart
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
NZD/CHF Up 14 Pips On 4 Hour Chart, Eyes 100 Day Average; Pin Bar Pattern Appearing on Chart
As for the rationale, technical traders seem to be citing the appearance of a trendline technical pattern.
NZD/CHF Up 5 Pips in Last 4 Hours, Came Into Today Up For the 4th Day In A Row; Pin Bar Pattern Appearing on Chart
This imputes a buy/sell ratio of 0, which is quite bearish.
NZD/CHF Up 23 Pips Over Past 4 Hours, Makes Big Move Relative to Past Month; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the forex asset class, nzd/chf ranked 18th the previous day in terms of percentage price change.
NZD/CHF Up 36 Pips in Last 4 Hours, in a Downtrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 10 days nzd/chf’s price has gone down 5 them.