NZD/CHF Down 0 Pips in Last Hour, Moves Down For the 3rd Day In A Row; Price Base in Formation Over Past 14 Days

Hourly Update

(Last Updated December 29, 2021 1:47 GMT)

At the moment, NZDCHF’s rate is down 0 pips (0%) 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 trend trader, consider that the strongest clear trend on the hourly chart 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)

NZDCHF is down 12 pips (0.19%) since the previous day (opening today near 0.6240013455), marking the 3rd day in a row a decrease has occurred. Out of the 39 instruments in the Forex asset class, NZDCHF ended up ranking 29th for the day in terms of price change. Here is a price chart of NZDCHF.

NZDCHF

NZDCHF Technical Analysis

Moving average crossovers are always interesting, so let’s start there: NZDCHF crossed below its 20 day moving average yesterday. 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 30 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to simplify this another way, note that out of the past 30 days NZDCHF’s price has gone down 20 them.