Hourly Update

(Last Updated August 22, 2022 1:42 GMT)

Currently, NZDCHF’s rate is up 2 pips (0.03%) from the hour prior. The hourly chart shows that Nzdchf has seen 3 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend 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)

NZDCHF entered today at 0.5916413, down 73 pips (1.22%) from the previous day. Out of the 39 instruments in the Forex asset class, NZDCHF ended up ranking 38th for the day in terms of price change. Let’s take a look at price chart of NZDCHF.

NZDCHF Technical Analysis

Notably, NZDCHF is now close to its 20 and 50 day averages, located at 0.6007 and 0.603 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. Or to simplify this another way, note that out of the past 10 days NZDCHF’s price has gone up 5 them.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for NZDCHF; just 3 sell signals and 0 buy signals. This imputes a buy/sell ratio of 0, which is quite bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

This is not investment advice. Past performance is not an indication of future results. Your capital is at risk, trade responsibly

The post NZD/CHF Up 2 Pips in Last Hour, in a Downtrend Over Past 90 Days; Social Sentiment Biased Towards Selling appeared first on CFDTrading.