(Last Updated June 23, 2022 1:42 GMT)
Currently, NZDCHF’s rate is down -15 pips (-0.25%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists 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 85 pips (1.39%) since the previous day (opening today near 0.602961238), marking the 2nd straight day a decrease has occurred. It may be worth observing that NZDCHF was the worst performer of the 39 members in the Forex asset class over the past day. Below is a price chart of NZDCHF.
NZDCHF Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 30 days NZDCHF’s price has gone down 16 them.
The View From Around the Web
Not much in terms quality buy/sell signals we’re seeing for NZDCHF; just 1 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.
NZDCHF has been in a downtrend since the beginning of spring and has recently broken a strong horizontal level. I expect a pullback and then a generous fall somewhere between 0.6 and 0.59. What do you think?