(Last Updated January 1, 2021 3:21 GMT)
Currently, NZDCHF’s rate is down -3 pips (-0.05%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 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 bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
NZDCHF End of Day Recap
Updated 00:30 GMT (04:30 EST)
NZDCHF is up 19 pips (0.29%) since the day prior (opening today near 0.63646), marking the 3rd consecutive day it has gone up. Relative to other instruments in the Forex asset class, NZDCHF ranked 14th the day prior in terms of percentage price change. Here is a price chart of NZDCHF.
NZDCHF Technical Analysis
The first thing we should note is that the current price of NZDCHF is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 9 out of the past 14 days.