NZDCHF Down 0 Pips On Hourly Chart, in a Downtrend Over Past 30 Days; is Inching Close to 20 and 50 Day Averages
It should be noted, though, the 20 day simple moving average turned upwards, which may be a bullish sign.
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.
NZDCHF Down 4 Pips in Last Hour, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
NZDCHF Up 2 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Eyes 20 and 50 Day Averages
Relative to other instruments in the forex asset class, nzdchf ranked 16th the previous day in terms of percentage price change.
NZDCHF Up 4 Pips in Last Hour, 3 Day Up Streak Snapped; Breaks Below 50 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.
NZDCHF Up 3 Pips in Last Hour, Entered Today Up For the 3rd Day In A Row; in an Uptrend Over Past 90 Days
It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe.
NZDCHF Down 5 Pips in Last Hour, Outperforms All Forex; Makes Big Move Relative to Two Week Trend
It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe.
NZDCHF Down 5 Pips in Last Hour, 2 Day Down Streak Ended; Pin Bar Pattern Appearing on Chart
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
NZDCHF Up 1 Pips Over Past Hour, in a Downtrend Over Past 30 Days; Eyes 100 Day Average
Compared to its peers in the forex, nzdchf gave its buyers a return that ranked 32nd in terms of percentage change since the previous day.
NZDCHF Up 6 Pips On Hourly Chart, in an Uptrend Over Past 90 Days; Price Base in Formation Over Past 14 Days
Or to simplify this another way, note that out of the past 14 days nzdchf’s price has gone up 7 them.
NZDCHF Up 4 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; 2 Day Down Streak Broken
Our trading plan is to bid at better price and hoping the market pick up our bid and move further with trend.the bidding plan should come with expiry date.d1/m55 (t.cont.pb.aclim.vpoc)1.