NZDCHF Down 4 Pips in Last Hour, Moves Down For the 2nd Day In A Row; Crosses 20 Day Moving Average

Hourly Update

(Last Updated January 25, 2021 23:21 GMT)

At the moment, NZDCHF’s rate is down -4 pips (-0.06%) from the hour prior. The hourly chart shows that NZDCHF has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar 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. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 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 35 pips (0.54%) since yesterday (opening today near 0.6354283299), marking the 2nd day in a row a decrease has occurred. Relative to other instruments in the Forex asset class, NZDCHF ranked 36th yesterday in terms of percentage price change. The price chart of NZDCHF below illustrates.

NZDCHF

NZDCHF Technical Analysis

First things first: NZDCHF crossed below its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 8 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for NZDCHF; just 2 sell signals and 0 buy signals. This imputes a buy/sell ratio of 0, which is quite bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

As i can see this pair it break trend line and structure show us more bearish move till our design TPas i had send prediction in last analysis on this exactly retrace to the given levels now hit tp its is going more drop tilldesign levels we are trading this pair with a small risk and looking for higher rewards SO friends join the train and earn the profits dont forget push like and follow us for more updates