NZDCHF Up 14 Pips On Hourly Chart, Makes Big Move Relative to Past Month; Moves Up For the 4th Straight Day

Hourly Update

(Last Updated February 24, 2021 0:24 GMT)

Currently, NZDCHF’s rate is up 14 pips (0.21%) from the hour prior. NZDCHF has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 20 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 25 pips (0.39%) since the previous day (opening today near 0.65651878), marking the 4th straight day it has gone up. Out of the 39 instruments in the Forex asset class, NZDCHF ended up ranking 15th for the day in terms of price change. Here is a price chart of NZDCHF.

NZDCHF

NZDCHF Technical Analysis

The first thing we should note is that NZDCHF is now close to its 20 day averages, located at 0.645 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 10 days NZDCHF’s price has gone up 6 them.