NZDCHF Up 1 Pips On Hourly Chart, 2 Day Down Streak Ended; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated November 17, 2020 2:20 GMT)

At the time of this writing, NZDCHF’s rate is up 1 pips (0.02%) from the hour prior. The hourly chart shows that NZDCHF has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar 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 20, 50, 100 and 200 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 0.62975, up 50 pips (0.8%) from the previous day. Out of the 40 instruments in the Forex asset class, NZDCHF ended up ranking 4th for the day in terms of price change. The price chart of NZDCHF below illustrates.

NZDCHF

NZDCHF Technical Analysis

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. For additional context, note that price has gone up 6 out of the past 10 days.