NZDCHF Up 7 Pips Over Past Hour, Moves Down For the 2nd Consecutive Day; Doji and Pin Bar Patterns Appearing on Chart

Hourly Update

(Last Updated September 8, 2021 12:21 GMT)

At the time of this writing, NZDCHF’s rate is up 7 pips (0.11%) from the hour prior. The hourly chart shows that NZDCHF has seen 3 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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 5 pips (0.07%) since the day prior (opening today near 0.6526209276), marking the 2nd consecutive day it has gone down. Out of the 39 instruments in the Forex asset class, NZDCHF ended up ranking 27th for the day in terms of price change. Below is a price chart of NZDCHF.

NZDCHF

NZDCHF Technical Analysis

Coming into today NZDCHF is now close to its 20, 50, 100 and 200 day averages, located at 0.641, 0.6409, 0.6455 and 0.6463 respectively, and thus may be at a key juncture along those timeframes. 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 200 day average, which is 63.3 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 11 them. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.