(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:
| 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 |
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’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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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.
Strongest trend on the 60 month timeframe.
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
The closest is the 20 day average, which is 28.6 pips away.
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.
Relative to other instruments in the forex asset class, nzdchf ranked 38th yesterday in terms of percentage price change.
The closest is the 200 day average, which is 11.8 pips away.
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.
The closest is the 200 day average, which is 87.2 pips away.
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.
It’s been a feast for bears operating on an hourly timeframe, as nzdchf has now gone down 4 of the past 5 hours.
This move is a reversal from the hour prior, which saw price move up.