NZDCHF Up 3 Pips Over Past Hour, in an Uptrend Over Past 14 Days; Eyes 200 Day Average
Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
NZDCHF
(Last Updated September 22, 2020)
Welcome to the news page for NZDCHF (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 a clear uptrend on the 30 day timeframe.
NZDCHF Moving Averages
NZDCHF’s moving averages tell a multi-facted story about its trend. The 20 and 100 day averages suggest a bullish trend, as they are pointing upwards, while the 50 and 200 day averages are pointing downward, suggesting a bearish trend on those timeframes.
Below is a chart showing NZDCHF’s price with its moving averages.
In terms of correlations over the past week for NZDCHF, it has been most correlated with USDJPY. Over the past 14 days, however, EURNZD is the asset most correlated to NZDCHF. Alternatively, USDCAD has been the asset least correlated with NZDCHF — but over the past two weeks, the asset least correlated with NZDCHF has been AUDCAD. See the chart below to observe the recent price action in NZDCHF versus those of assets it hasn’t been well correlated with.
.
The View From the Weekly Timeframe
Currently, NZDCHF’s rate is down -0.0053 (-0.87%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. From a weekly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 5, 10 and 20 week timeframes. Most noteworthy in the world of moving averages on the weekly chart is that the 50 week moving average has been crossed, so that price is now turning below it. Looking further out, the moving averages on the weekly timeframe suggest a bullishness in price, as the 20 and 50 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The weekly chart below shows NZDCHF’s price action over the past year.
NZDCHF Down 0 Pips On Hourly Chart, Crosses 200 Day Moving Average; in an Uptrend Over Past 14 Days
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 1 Pips Over Past Hour, in an Uptrend Over Past 14 Days; Price Base in Formation Over Past 30 Days
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 Up 9 Pips Over Past Hour; Came Into Today Up For the 2nd Consecutive Day
This imputes a buy/sell ratio of 0.25, which is bearish.
NZDCHF Down 3 Pips Over Past Hour, Came Into Today Up For the 2nd Consecutive Day; in an Uptrend Over Past 14 Days
Relative to other instruments in the forex asset class, nzdchf ranked 7th yesterday in terms of percentage price change.
NZDCHF Down 3 Pips On Hourly Chart, 3 Day Up Streak Ended; Eyes 50 and 200 Day Averages
At the time of this writing, nzdchf’s rate is down -3 pips (-0.05%) from the hour prior.
NZDCHF Down 11 Pips in Last Hour, Eyes 50 and 200 Day Averages; Doji and Pin Bar Patterns Appearing on Chart
Price action traders may also wish to note that we see a doji candlestick pattern on nzdchf.
NZDCHF Down 5 Pips Over Past Hour, Outperforms All Forex; 2 Day Down Streak Broken
This imputes a buy/sell ratio of 0.75, which is bearish.
NZD/CHF Down 13 Pips in Last 4 Hours, in a Downtrend Over Past 30 Days; Pin Bar Pattern 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 8 Pips in Last 4 Hours; in a Downtrend Over Past 30 Days
The closest is the 100 day average, which is 57.7 pips away.