Hourly Update

(Last Updated August 11, 2022 1:41 GMT)

Currently, NZDCHF’s rate is up 2 Pips (0.03%) from the hour prior. The hourly chart shows that Nzdchf has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly 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 End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for NZDCHF, which started today off at 0.603072, up 37 pips 0.62% from the previous day. Out of the 39 instruments in the Forex asset class, NZDCHF ended up ranking 9th for the day in terms of price change. Below is a price chart of NZDCHF.

NZDCHF Technical Analysis

Notably, NZDCHF crossed above its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 30 days NZDCHF’s price has gone up 16 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

The post NZD/CHF Up 2 Pips Over Past Hour, Makes Big Move Relative to Past Month; Breaks Above 20 Day Average appeared first on CFDTrading.