NZD/CHF Down 34 Pips; is Inching Close to 20 Day Average
Relative to other instruments in the forex asset class, nzd/chf ranked 37th yesterday in terms of percentage price change.
NZDCHF
(Last Updated January 18, 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 NZIER Capacity Utilization | Q4 2020 | New Zealand Dollar | NZD | 2021-01-18 | 21:00 GMT | ||
| New Zealand NZIER Business Confidence | Q4 2020 | New Zealand Dollar | NZD | 2021-01-18 | 21:00 GMT | ||
| New Zealand Electronic Retail Card Spending YoY | Dec 2020 | New Zealand Dollar | NZD | 2021-01-18 | 21:45 GMT | ||
| New Zealand Electronic Retail Card Spending MoM | Dec 2020 | New Zealand Dollar | NZD | 2021-01-18 | 21:45 GMT | ||
| New Zealand Business NZ PMI | Dec 2020 | New Zealand Dollar | NZD | 2021-01-21 | 21:30 GMT |
The Trend
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for NZDCHF.
NZDCHF Moving Averages
The moving averages on NZDCHF indicate a trend that is clearly bullish.
The chart below illustrates.
Regarding NZDCHF’s correlations over the past 7 days, it has demonstrated the strongest correlation with NZDJPY. NZDJPY is the asset with which NZDCHF has been most correlated with over the past two weeks as well, so this may be a structural correlation in the market. Alternatively, the asset least correlated with NZDCHF over the past week has been ZARJPY, but if we observe the prior two weeks, EURUSD 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
At the moment, NZDCHF’s rate is down -61 pips (-0.95%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as NZDCHF has now gone up 4 of the past 5 weeks. Regarding the trend, note that the strongest trend 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.
NZD/CHF Down 3 Pips; Eyes 20 Day Average
This imputes a buy/sell ratio of 0.43, which is bearish.
NZD/CHF Up 10 Pips, in a Downtrend Over Past 30 Days; Nears 20 Day Moving Average
The closest is the 20 day average, which is 3.2 pips away.
NZD/CHF 2 Day Down Streak Ended, in a Downtrend Over Past 30 Days; Eyes 20 Day Average
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.
NZD/CHF Up 73 Pips, in a Downtrend Over Past 30 Days; is Inching Close to 20 Day Average
This imputes a buy/sell ratio of 0.38, which is bearish.
NZD/CHF Up 9 Pips, 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 Down 17 Pips; in a Downtrend Over Past 30 Days
Out of the 40 instruments in the forex asset class, nzd/chf ended up ranking 29th for the day in terms of day-over-day price change.