NZD/CHF Up 9 Pips On Hourly Chart, 3 Day Up Streak Broken; in an Uptrend Over Past 14 Days
It’s been a feast for bears operating on an hourly timeframe, as nzdchf has now gone down 9 of the past 10 hours.
NZDCHF
(Last Updated November 26, 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
On NZDCHF, there is currently an uptrend on the 90, 30 and 14 day timeframes.
NZDCHF Moving Averages
Across several time periods between 20 and 200 days, the trend on NZDCHF has remained consistently bullish.
The chart below illustrates.
As for assets in the Forex asset class NZDCHF has been correlated to over the past week, 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, GBPAUD has been the asset least correlated with NZDCHF — but over the past two weeks, EURCAD 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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The View From the Weekly Timeframe
At the time of this writing, NZDCHF’s rate is up 0.0045 (0.71%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as NZDCHF has now gone up 5 of the past 5 weeks. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bearishness 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. 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.
NZD/CHF Down 0 Pips Over Past Hour, Moves Up For the 3rd Consecutive Day; Price Base in Formation Over Past 90 Days
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
NZDCHF Down 1 Pips Over Past Hour, Moves Up For the 3rd Consecutive Day; Price Base in Formation Over Past 90 Days
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
NZDCHF Down 0 Pips in Last Hour, Came Into Today Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
The closest is the 100 day average, which is 161.1 pips away.
NZDCHF Up 9 Pips in Last Hour; Makes Big Move Relative to Past Three Months
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 8 Pips in Last Hour, 2 Day Up Streak Broken; in an Uptrend Over Past 14 Days
The closest is the 100 day average, which is 14.2 pips away.
NZDCHF Up 7 Pips On Hourly Chart, in an Uptrend Over Past 14 Days; is Inching Close to 100 Day Average
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
NZDCHF Down 1 Pips in Last Hour, Price Base in Formation Over Past 30 Days; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the forex asset class, nzdchf ranked 16th the previous day in terms of percentage price change.
NZDCHF Down 24 Pips On Hourly Chart, 3 Day Up Streak Broken; Price Base in Formation Over Past 30 Days
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
NZDCHF Up 1 Pips Over Past Hour, Came Into Today Up For the 3rd Straight Day; Crosses 50 and 100 Day Moving Averages
Price action traders may also wish to note that we see a pin bar candlestick pattern on nzdchf.