Hourly Update

(Last Updated October 13, 2022 1:42 GMT)

At the time of this writing, NZDCHF’s rate is up 5 pips (0.09%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the Trend on the hourly timeframe, we see the clearest trend on the 20 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 27 pips (0.48%) since yesterday (opening today near 0.55908638), marking the 2nd consecutive day an upward move has occurred. Out of the 39 instruments in the Forex asset class, NZDCHF ended up ranking 16th for the day in terms of price change. Let’s take a look at price chart of NZDCHF.

NZDCHF Technical Analysis

The first thing we should note is that the current price of NZDCHF is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Volatility for NZDCHF has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 21 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 0 sell signals and 2 buy signals. This imputes a buy/sell ratio that’s infinite! But, let’s take that with a grain of salt. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

Based on technical factors there is a Long position in : NZDCHF Long Now 0.5592 Stop loss 0.5527 Target 1 0.5687 Target 2 0.5755 Target 3 0.5890RISK : 1%We hope it is profitable for you Please support our activity with your likes and comments

The post NZD/CHF Up 5 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Entered Today Up For the 2nd Consecutive Day appeared first on CFDTrading.