NZDCHF Up 7 Pips in Last Hour, Entered Today Up For the 11th Consecutive Day; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated September 6, 2021 23:21 GMT)

At the moment, NZDCHF’s rate is up 7 pips (0.1%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as NZDCHF has now gone down 8 of the past 10 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 up 41 pips (0.64%) since the previous day (opening today near 0.6541612455), marking the 11th consecutive day it has gone up. Compared to its peers in the Forex, NZDCHF gave its buyers a return that ranked 4th in terms of percentage change since the previous day. Let’s take a look at price chart of NZDCHF.

NZDCHF

NZDCHF Technical Analysis

The first thing we should note is that NZDCHF is now close to its 20, 50, 100 and 200 day averages, located at 0.6402, 0.6406, 0.6456 and 0.6461 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed down. Or to simplify this another way, note that out of the past 14 days NZDCHF’s price has gone up 11 them.

The View From Around the Web

Not much commentary on NZDCHF that we’re finding noteworthy here; as such, there’s not much we can say about sentiment. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

From a money distribution perspective, this pair is ready to tackle the previous high.The informative breakout should help you understand why buyers have regained control.Expect slight retracements and some corrective price action before we see the next impulse to the upside. What do you think of this move?