NZD/CHF Down 1 Pips On Hourly Chart, Makes Big Move Relative to Past Month; 2 Day Down Streak Ended
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
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 Up 7 Pips On Hourly Chart, Makes Big Move Relative to Past Month; is Inching Close to 20 and 200 Day Averages
The closest is the 200 day average, which is 10 pips away.
NZDCHF Down 1 Pips Over Past Hour, Makes Big Move Relative to Past Month; Doji and Pin Bar Patterns Appearing on Chart
Compared to its peers in the forex, nzdchf gave its buyers a return that ranked 24th in terms of percentage change since the previous day.
NZDCHF Down 2 Pips On Hourly Chart; is Inching Close to 200 Day Average
This is a reversal of the price action on the previous hour, in which price moved up.
NZDCHF Up 1 Pips On Hourly Chart, 3 Day Down Streak Broken; Nears 200 Day Moving Average
Relative to other instruments in the forex asset class, nzdchf ranked 8th the day prior in terms of percentage price change.
NZDCHF Up 6 Pips in Last Hour, Makes Big Move Relative to Past Month; in a Downtrend Over Past 90 Days
Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed up.
NZDCHF Down 1 Pips in Last Hour, Makes Big Move Relative to Past Month; in a Downtrend Over Past 90 Days
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
NZDCHF Up 14 Pips On Hourly Chart, Tops All Forex; Came Into Today Up For the 2nd Straight Day
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 4 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; Breaks Above 20 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 Down 2 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Moves Down For the 3rd Straight Day
Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed down.