Hourly Update

(Last Updated August 19, 2022 1:41 GMT)

At the time of this writing, NZDCHF’s rate is down -9 Pips (-0.15%) from the hour prior. Nzdchf has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 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 choppiness in the recent daily price action of NZDCHF continues; to start today, it came in at a price of 0.5989568, up 14 pips (0.23%) since the previous day. Out of the 39 instruments in the Forex asset class, NZDCHF ended up ranking 12th for the day in terms of price change. Below is a price chart of NZDCHF.

NZDCHF Technical Analysis

Notably, NZDCHF is now close to its 20 and 50 day averages, located at 0.6012 and 0.6037 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to simplify this another way, note that out of the past 30 days NZDCHF’s price has gone up 15 them. And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well. Rejoice!

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for NZDCHF; just 0 sell signals and 3 buy signals. This imputes a buy/sell ratio that’s infinite! But, let’s not get carried away with that idea just yet. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

https://www.tradingview.com/x/Z1rcIyxF/ Hello,Friends! NZDCHF is bullish right now And I think that the market conditions are right For the pair to move up Therefore, I think it is sensible to go long! Like and subscribe and comment my ideas if you enjoy them!

The post NZD/CHF Down 9 Pips Over Past Hour, Makes Big Move Relative to Past Month; Price Base in Formation Over Past 14 Days appeared first on CFDTrading.