Hourly Update

(Last Updated October 14, 2022 1:44 GMT)

At the time of this writing, NZDCHF’s rate is up 10 Pips (0.18%) from the hour prior. Nzdchf has seen its price go up 8 out of the past 10 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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 43 pips (0.77%) since yesterday (opening today near 0.56338155), marking the 3rd straight day it has gone up. Compared to its peers in the Forex, NZDCHF gave its buyers a return that ranked 11th in terms of percentage change since yesterday. Here is a price chart of NZDCHF.

NZDCHF Technical Analysis

Notably, NZDCHF crossed above its 20 day moving average yesterday. 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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 5 out of the past 10 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 1 buy signals. This imputes a buy/sell ratio of 0.5, which is bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

https://www.tradingview.com/x/MoG0k42i/ My Dear Friends ,We are all watching NZD/CHF right now, so here is my idea: BIAS: BearishENTRY: 0.55841TARGET: 0.55199——————————— WISH YOU ALL LUCK

The post NZD/CHF Up 10 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Price Base in Formation Over Past 14 Days appeared first on CFDTrading.