NZDCHF Up 3 Pips On Hourly Chart; Nears 20 Day Moving Average
This move is a reversal from the hour prior, which saw price move down.
NZDCHF
(Last Updated February 24, 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 Interest Rate Decision | 2021 | New Zealand Dollar | NZD | 2021-02-24 | 01:00 GMT | 0.25% | 0.25% |
| New Zealand RBNZ Press Conference | NA | New Zealand Dollar | NZD | 2021-02-24 | 02:00 GMT | ||
| New Zealand Balance of Trade | Jan 2021 | New Zealand Dollar | NZD | 2021-02-25 | 21:45 GMT | ||
| Switzerland KOF Leading Indicators | Feb 2021 | Swiss Franc | CHF | 2021-02-26 | 08:00 GMT | 96.6 | |
| Switzerland GDP Growth Rate YoY | Q4 2020 | Swiss Franc | CHF | 2021-02-26 | 08:00 GMT | -2.1% |
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.
In terms of correlations over the past week for NZDCHF, it has demonstrated the strongest correlation with AUDCHF. If we zoom out to a two week basis, though, EURNZD is the asset most correlated to NZDCHF. On the flip side, the asset least correlated with NZDCHF over the past week has been EURSEK, but if we observe the prior two weeks, the asset least correlated with NZDCHF has been GBPNZD. The chart below illustrates NZDCHF against its least correlated assets.
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The View From the Weekly Timeframe
At the time of this writing, NZDCHF’s rate is up 103 pips (1.58%) from the week prior. NZDCHF has seen its price go up 4 out of the past 5 weeks, thus creating some compelling opportunities for bulls. As for the trend on the weekly timeframe, we see the clearest trend 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. The weekly chart below shows NZDCHF’s price action over the past year.
NZDCHF: The Monthly View
Clearest trend on the monthly is apparent at the 60 month timeframe.
NZDCHF Down 6 Pips Over Past Hour, Nears 20 Day Moving Average; Pin Bar Pattern Appearing on Chart
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
NZDCHF Up 9 Pips in Last Hour, in an Uptrend Over Past 90 Days; Nears 20 Day Moving Average
Compared to its peers in the forex, nzdchf gave its buyers a return that ranked 13th in terms of percentage change since the day prior.
NZDCHF Up 6 Pips in Last Hour, in an Uptrend Over Past 14 Days; Bearish Engulfing Pattern Present
For additional context, note that price has gone up 6 out of the past 10 days.
NZDCHF Up 4 Pips in Last Hour, in an Uptrend Over Past 14 Days; Sentiment Strongly Favors Sellers
Compared to its peers in the forex, nzdchf gave its buyers a return that ranked 4th in terms of percentage change since yesterday.
NZDCHF Down 0 Pips On Hourly Chart, in an Uptrend Over Past 14 Days; Social Sentiment Biased Towards Selling
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
NZDCHF Up 11 Pips in Last Hour, 5 Day Up Streak Broken; Doji and Pin Bar Patterns Appearing on Chart
And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well.
NZDCHF Down 0 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; Entered Today Up For the 4th Day In A Row
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
NZDCHF Up 9 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; Entered Today Up For the 4th Day In A Row
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 Up 7 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Price Base in Formation Over Past 14 Days
For additional context, note that price has gone up 5 out of the past 10 days.