(Last Updated June 7, 2021 3:22 GMT)
Currently, NZDCHF’s rate is down -1 pips (-0.02%) from the hour prior. The hourly chart shows that NZDCHF has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 200 hour changed directions on NZDCHF; it is now pointing down. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
NZDCHF End of Day Recap
Updated 00:30 GMT (04:30 EST)
NZDCHF, which opened today priced near 0.647881817, is up 19 pips 0.3% since yesterday, marking a reversal from the day prior — and the end of a 3 day negative run. Compared to its peers in the Forex, NZDCHF gave its buyers a return that ranked 7th in terms of percentage change since yesterday. Here is a price chart of NZDCHF.
NZDCHF Technical Analysis
Notably, NZDCHF is now close to its 20, 50, 100 and 200 day averages, located at 0.6503, 0.6543, 0.6537 and 0.6366 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 20 day average, which is 23.7 pips away. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Or to simplify this another way, note that out of the past 30 days NZDCHF’s price has gone down 19 them.
The View From Around the Web
Not much commentary on NZDCHF that we’re finding noteworthy here; guess people aren’t watching this one :). Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.
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