(Last Updated September 11, 2020 16:17 GMT)
At the time of this writing, NZDCHF’s rate is down -4 pips (-0.07%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. 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)
The back and forth price flow continues for NZDCHF, which started today off at 0.60962, up 24 pips 0.4% from yesterday. Out of the 40 instruments in the Forex asset class, NZDCHF ended up ranking 8th for the day in terms of price change. Here is a price chart of NZDCHF.
NZDCHF Technical Analysis
Notably, NZDCHF crossed above its 50 day moving average yesterday. 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 3.4 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 up. Or to simplify this another way, note that out of the past 14 days NZDCHF’s price has gone up 8 them.
The View From Around the Web
We’re seeing some traders come out with interesting conviction on NZDCHF, with 1 buy signals on our radar and 6 sell signals. This imputes a buy/sell ratio of 0.17, which is quite bearish. Here’s a piece we found on tradingview.com that we thought you might enjoy.