NZD/CHF Currency Pair Forecast

Evaluation of NZD/CHF currency pair downgraded after the last trading session.
(Updated on Jun 12, 2024)

NZDCHF Signals & Forecast

There are mixed signals in the currency pair today. The NZD/CHF currency pair holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the currency pair giving a more negative forecast for the stock. On further gains, the currency pair will meet resistance from the long-term Moving Average at 0.551 Fr. On a fall, the currency pair will find some support from the short-term average at 0.550 Fr. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). NZD/CHF gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 0.688%. Further rise is indicated until a new top pivot has been found. The currency pair had a Golden Star Signal on Monday, April 22, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the currency pair in question.

Support, Risk & Stop-loss for NZD/CHF currency pair

NZD/CHF finds support from accumulated volume at 0.544 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the currency pair tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the currency pair moved 0.0019 Fr between high and low, or 0.353%. For the last week the currency pair has had daily average volatility of 0.517%.

Our recommended stop-loss: 0.522 Fr (-5.17%) (This currency pair has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (NZDCHF) For The Upcoming Trading Day Of Thursday 13th

For the upcoming trading day on Thursday, 13th we expect NZD/CHF to open at 0.551 Fr, and during the day (based on 14 day Average True Range), to move between 0.547 Fr and 0.553 Fr, which gives a possible trading interval of +/-0.0030 Fr (+/-0.55%) up or down from last closing price. If NZD/CHF takes out the full calculated possible swing range there will be an estimated 1.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 0.554 Fr (0.67%) than the support at 0.544 Fr (1.13%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is NZD/CHF currency pair A Buy?

NZD/CHF holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this currency pair since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for NZD/CHF of Thursday, June 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.