NZDCHF Up 6 Pips in Last Hour, in a Downtrend Over Past 14 Days; Nears 50 and 100 Day Moving Averages

Hourly Update

(Last Updated October 8, 2021 10:21 GMT)

Currently, NZDCHF’s rate is up 6 pips (0.1%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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 entered today at 0.6439070836, up 23 pips (0.36%) from the day prior. Compared to its peers in the Forex, NZDCHF gave its buyers a return that ranked 10th in terms of percentage change since the day prior. The price chart of NZDCHF below illustrates.

NZDCHF

NZDCHF Technical Analysis

Notably, NZDCHF is now close to its 20, 50, 100 and 200 day averages, located at 0.6488, 0.6442, 0.6442 and 0.6484 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 100 day average, which is 3 pips away. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to simplify this another way, note that out of the past 10 days NZDCHF’s price has gone up 5 them.