NZD/CHF Down 9 Pips On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 90 Days
The closest is the 200 day average, which is 1.6 pips away.
NZDCHF
(Last Updated July 7, 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
A trend/countertrend situation exists on NZDCHF, in which a downtrend exists on shorter timeframes but an uptrend appears on the 90 and 14 day timeframes. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.
NZDCHF Moving Averages
The moving averages on NZDCHF summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 200) — are bullish, implying a upward trend, save for a drop that occurred about 6 months ago.
The chart below illustrates.
In terms of correlations over the past week for NZDCHF, it has demonstrated the strongest correlation with NZDUSD. NZDCHF has been most correlated with NZDUSD over the past 14 days also, so this may be a structural correlation in the market. Alternatively, EURCHF has been the asset least correlated with NZDCHF — but over the past two weeks, the asset least correlated with NZDCHF has been TRYJPY. 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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NZD/CHF Up 15 Pips Over Past 4 Hours, Crosses 200 Day Moving Average; Pin Bar Pattern Appearing on Chart
It should be noted, though, the 100 day simple moving average turned upwards, which may be a bullish sign.
NZD/CHF Up 14 Pips in Last 4 Hours, 4 Day Down Streak Snapped; in an Uptrend Over Past 30 Days
It should be noted, though, that a trend in the opposite direction, going up, exists on the 30 and 90 day timeframes.
NZD/CHF Up 2 Pips in Last 4 Hours, 3 Day Down Streak Broken; in a Downtrend Over Past 14 Days
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
NZD/CHF Up 3 Pips On 4 Hour Chart, Moves Down For the 3rd Day In A Row; in an Uptrend Over Past 30 Days
Compared to its peers in the forex, nzd/chf gave its buyers a return that ranked 37th in terms of percentage change since the day prior.
NZD/CHF Up 11 Pips Over Past 4 Hours, Nears 20 and 200 Day Moving Averages; Doji and Pin Bar Patterns Appearing on Chart
Volatility for nzd/chf has been contracting over the past two weeks relative to volatility over the past month.
NZD/CHF Down 55 Pips On 4 Hour Chart, Entered Today Up For the 3rd Day In A Row; Crosses 200 Day Moving Average
The closest is the 200 day average, which is 15.5 pips away.
NZD/CHF Up 3 Pips On 4 Hour Chart, Entered Today Up For the 2nd Day In A Row; in an Uptrend Over Past 30 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.
NZD/CHF Up 4 Pips On 4 Hour Chart, Moves Down For the 4th Day In A Row; Pin Bar Pattern Appearing on Chart
Compared to its peers in the forex, nzd/chf gave its buyers a return that ranked 32nd in terms of percentage change since the previous day.
NZD/CHF Down 11 Pips in Last 4 Hours, Entered Today Down For the 3rd Day In A Row; Crosses 200 Day Moving 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.