Hourly Update

(Last Updated August 26, 2022 1:42 GMT)

At the moment, NZDCHF’s rate is down -9 pips (-0.15%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the Trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on NZDCHF. Given that we see downtrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 0.60048147, up 27 pips 0.45% from the day prior. Compared to its peers in the Forex, NZDCHF gave its buyers a return that ranked 8th in terms of percentage change since the day prior. Let’s take a look at price chart of NZDCHF.

NZDCHF Technical Analysis

First things first: NZDCHF crossed above its 20 day moving average yesterday. 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. For additional context, note that price has gone up 15 out of the past 30 days.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for NZDCHF; just 2 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.

Fundamental Details Entry.Entry Level:0.59911SL : 0.60361TP: 0.59211

The post NZD/CHF Down 9 Pips Over Past Hour, Makes Big Move Relative to Past Month; in a Downtrend Over Past 90 Days appeared first on CFDTrading.