NZDCHF Down 12 Pips Over Past Hour; in an Uptrend Over Past 30 Days

Hourly Update

(Last Updated November 19, 2020 2:20 GMT)

At the moment, NZDCHF’s rate is down -12 pips (-0.19%) from the hour prior. NZDCHF has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on NZDCHF. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being below it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

NZDCHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

NZDCHF entered today at 0.6307, up 30 pips (0.47%) from yesterday. Compared to its peers in the Forex, NZDCHF gave its buyers a return that ranked 2nd in terms of percentage change since yesterday. Below is a price chart of NZDCHF.

NZDCHF

NZDCHF Technical Analysis

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. For additional context, note that price has gone up 6 out of the past 10 days.