Hourly Update

(Last Updated November 30, 2022 1:46 GMT)

At the time of this writing, NZDCHF’s rate is down -1 pips (-0.01%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the Trend, note that the strongest trend exists on the 50 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)

The choppiness in the recent daily price action of NZDCHF continues; to start today, it came in at a price of 0.59116524, up 62 pips (1.07%) since the day prior. Out of the 39 instruments in the Forex asset class, NZDCHF ended up ranking 3rd for the day in terms of price change. The price chart of NZDCHF below illustrates.

NZDCHF Technical Analysis

Coming into today NZDCHF is now close to its 20, 100 and 200 day moving averages, which may act as price barrier for the asset. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 100 day average, which is 66.6 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe. Or to simplify this another way, note that out of the past 14 days NZDCHF’s price has gone up 8 them.

The post NZD/CHF Down 1 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; 2 Day Down Streak Snapped appeared first on CFDTrading.