(Last Updated February 25, 2021 0:24 GMT)
At the time of this writing, NZDCHF’s rate is up 4 pips (0.06%) from the hour prior. NZDCHF has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. 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 is up 78 pips (1.19%) since the day prior (opening today near 0.664323286), marking the 5th consecutive day an upward move has occurred. Relative to other instruments in the Forex asset class, NZDCHF ranked 4th the day prior in terms of percentage price change. Let’s take a look at price chart of NZDCHF.
NZDCHF Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 14 days NZDCHF’s price has gone up 8 them.