(Last Updated May 4, 2021 2:22 GMT)
Currently, NZDCHF’s rate is down -1 pips (-0.02%) from the hour prior. This is the 2nd straight hour NZDCHF has seen its price head down. Regarding the trend, note that the strongest trend exists on the 20 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 0.6559806456, up 22 pips 0.34% from the day prior. Compared to its peers in the Forex, NZDCHF gave its buyers a return that ranked 12th in terms of percentage change since the day prior. Below 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, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 20 day average, which is 2.5 pips away. 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 5 out of the past 10 days.