Hourly Update

(Last Updated August 31, 2022 1:44 GMT)

At the moment, NZDCHF’s rate is down -1 Pips (-0.01%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 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 is up 11 pips (0.19%) since the day prior (opening today near 0.59670853), marking the 2nd day in a row it has gone up. Out of the 39 instruments in the Forex asset class, NZDCHF ended up ranking 19th for the day in terms of price change. Below is a price chart of NZDCHF.

NZDCHF Technical Analysis

The first thing we should note is that NZDCHF is now close to its 20 and 50 day averages, located at 0.5994 and 0.6001 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 30 days NZDCHF’s price has gone up 15 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

The post NZD/CHF Down 1 Pips Over Past Hour, Makes Big Move Relative to Past Month; in a Downtrend Over Past 90 Days appeared first on CFDTrading.