Hourly Update

(Last Updated October 4, 2022 1:51 GMT)

At the time of this writing, NZDCHF’s rate is up 9 Pips (0.16%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the Trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on Nzdchf. Given that we see an uptrend on the 20 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)

NZDCHF entered today at 0.5675232, up 155 pips (2.81%) from yesterday. For context, observe that yesterday was noteworthy in the sense that NZDCHF bested all 39 of the assets in the Forex class. Let’s take a look at price chart of NZDCHF.

NZDCHF Technical Analysis

Coming into today NZDCHF is now close to its 20 day averages, located at 0.5725 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 30 days NZDCHF’s price has gone down 19 them. We’re also seeing a bullish engulfing pattern here, and given the downtrend on the 30, 14 and 90 day

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