Hourly Update

(Last Updated October 20, 2022 1:47 GMT)

At the moment, NZDCHF’s rate is down -3 pips (-0.06%) from the hour prior. The hourly chart shows that Nzdchf has seen 2 straight down hours. 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 42 pips (0.74%) since the day prior (opening today near 0.56922429), marking the 3rd day in a row it has gone up. Relative to other instruments in the Forex asset class, NZDCHF ranked 5th the day prior in terms of percentage price change. Let’s take a look at 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 moving averages, which may act as price barrier for the asset. 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 90 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 up 8 them.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for NZDCHF; just 3 sell signals and 0 buy signals. This imputes a buy/sell ratio of 0, which is quite bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

On NZD/CHF is nice to see strong sell-off from the price 0.59 , there are nice to see strong volume area…. Where is lot of contract accumulated… I thing that sellers from this area will be defend this short position… and when the price come back to this area, strong sellers will be push down the market again… Strong S/R zone from the past + Downtrend + Strong volume area is my mainly reason for this short trade…. Happy trading Dale

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