Hourly Update

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

Currently, NZDCHF’s rate is up 9 Pips (0.16%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly Timeframe, we see the clearest trend on the 20 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 20 and 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 0.56400336, down 71 pips 1.24% from yesterday. Out of the 39 instruments in the Forex asset class, NZDCHF ended up ranking 29th for the day in terms of price change. Below is a price chart of NZDCHF.

NZDCHF Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 14 days NZDCHF’s price has gone down 11 them.

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