NZDCHF Down 5 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; in a Downtrend Over Past 14 Days

Hourly Update

(Last Updated November 15, 2021 18:21 GMT)

At the moment, NZDCHF’s rate is down -5 pips (-0.07%) from the hour prior. NZDCHF has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Price action traders may also wish to note that we see a doji 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 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)

A moment of silence, please, for the end of NZDCHF’s 3 day down streak; price ended yesterday up 12 pips (0.19%) to finish the day at a rate of 0.6483514275. Compared to its peers in the Forex, NZDCHF gave its buyers a return that ranked 13th in terms of percentage change since yesterday. The price chart of NZDCHF below illustrates.

NZDCHF

NZDCHF Technical Analysis

The first thing we should note is that NZDCHF is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. 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 16.5 pips away. It should be noted, though, the 100 and 200 day simple moving averages turned upwards, which may be a bullish sign. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe. Or to simplify this another way, note that out of the past 30 days NZDCHF’s price has gone down 16 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

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.

These are the expected price moves of NZDCHF, you can enter this with your own confirmation!, you can try to catch this for both side tradesPut your comments!