NZDCHF

(Last Updated April 15, 2021)

Welcome to the news page for NZDCHF (NZDCHF). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for NZDCHF

metric_name reference_period asset_name asset_id date time forecast outcome
New Zealand Business NZ PMI Mar 2021 New Zealand Dollar NZD 2021-04-15 22:30 GMT

The Trend

As for trends on NZDCHF, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.

NZDCHF Moving Averages

NZDCHF’s moving averages tell a multi-facted story about its trend. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 20 are bullish, implying a upward trend, aside from a drop about 3 weeks prior.

Below is a chart showing NZDCHF’s price with its moving averages.

Regarding NZDCHF’s correlations over the past 7 days, it has demonstrated the strongest correlation with AUDCHF. NZDCHF has been most correlated with AUDCHF over the past 14 days also, so this may be a recurring pattern. Alternatively, GBPCAD has been the asset least correlated with NZDCHF — but if we observe the prior two weeks, NZDUSD has been the asset least correlated with NZDCHF. The chart below illustrates NZDCHF against its least correlated assets.

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The View From the Weekly Timeframe

Currently, NZDCHF’s rate is up 91 pips (1.39%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. NZDCHF’s weekly price action over the past 52 weeks can be seen via the chart below.

NZDCHF: The Monthly View

Strongest trend on the 60 month timeframe.

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