NZD/CHF 4 Hour Price Update
Updated April 01, 2020 12:52 AM GMT (08:52 PM EST)
The back and forth price flow continues for NZD/CHF, which started the current 4 hour candle off at 0.5719, down 17 pips 0.3% from the last 4 hour candle. Out of the 40 instruments in the Forex asset class, NZD/CHF ended up ranking 38th for the four-hour candle in terms of price change.
NZD/CHF End of Day Recap
Updated 00:30 GMT (04:30 EST)
NZD/CHF is down 6 pips (0.11%) since yesterday (opening today near 0.57175839), marking the 2nd day in a row it has gone down. Relative to other instruments in the Forex asset class, NZD/CHF ranked 35th yesterday in terms of percentage price change. Here is a price chart of NZD/CHF.
NZD/CHF Technical Analysis
Coming into today NZD/CHF is now close to its 20 day averages, located at 0.5715 respectively, and thus may be at a key juncture along those timeframes. Volatility for NZD/CHF has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed up. For additional context, note that price has gone down 17 out of the past 30 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.
The View From Around the Web
Not much in terms quality buy/sell signals we’re seeing for NZDCHF; just 1 sell signals and 2 buy signals. This imputes a buy/sell ratio of 2, which is bullish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.
We can look for an accurate Buy entry if the price will cross the Resistance.It often happens that the price rises fast after such squeezing.Potential profit will be 3 times bigger than the risk.Push like if you think this is a useful idea!Before to trade my ideas make your own analysis.Thanks for your support!