NZDCHF Up 2 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; Moves Up For the 2nd Consecutive Day

Hourly Update

(Last Updated February 19, 2021 23:22 GMT)

At the moment, NZDCHF’s rate is up 2 pips (0.03%) 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. Regarding the trend, note that the strongest trend exists 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 7 pips (0.11%) since yesterday (opening today near 0.6467230735), marking the 2nd consecutive day an upward move has occurred. Relative to other instruments in the Forex asset class, NZDCHF ranked 19th yesterday in terms of percentage price change. Below is a price chart of NZDCHF.

NZDCHF

NZDCHF Technical Analysis

Coming into today NZDCHF is now close to its 20 and 50 day averages, located at 0.6433 and 0.6376 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 8 out of the past 14 days. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.