Hourly Update

(Last Updated October 26, 2022 1:45 GMT)

At the time of this writing, NZDCHF’s rate is up 2 Pips (0.04%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Nzdchf has now gone down 4 of the past 5 hours. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. 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 choppiness in the recent daily price action of NZDCHF continues; to start today, it came in at a price of 0.57230844, up 29 pips (0.51%) since yesterday. Relative to other instruments in the Forex asset class, NZDCHF ranked 13th yesterday in terms of percentage price change. Below is a price chart of NZDCHF.

NZDCHF Technical Analysis

Coming into today NZDCHF is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe. For additional context, note that price has gone up 8 out of the past 10 days.

The post NZD/CHF Up 2 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 14 Days appeared first on CFDTrading.