(Last Updated April 28, 2021 2:22 GMT)
At the moment, NZDCHF’s rate is down -4 pips (-0.06%) from the hour prior. This is the 2nd straight hour NZDCHF has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. 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)
The choppiness in the recent daily price action of NZDCHF continues; to start today, it came in at a price of 0.6585023753, down 28 pips (0.42%) since the day prior. Out of the 39 instruments in the Forex asset class, NZDCHF ended up ranking 36th for the day in terms of price change. Let’s take a look at price chart of NZDCHF.
NZDCHF Technical Analysis
Notably, NZDCHF crossed below its 50 day moving average yesterday. 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 50 day average, which is 14.2 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.
The View From Around the Web
Of note is that traders in aggregate have opinions on NZDCHF, with 6 buy signals on our radar and 0 sell signals. This imputes a buy/sell ratio that’s infinite! But, let’s take that with a grain of salt. 🙂 Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.
Hey tradomaniacs,welcome to another free trading-setup.NZD/CHF: Swingtrade-Execution Notice: Risky ahead FOMC-meetings tomorrow as market is really choppy! Rather stay out if you don`t like trading with a higher risk. Market-Buy-Order: 0.65870Stop-Loss: 0.65475Point of Risk-Reduction: 0.66245Take-Profit: 0.67100Stop-Loss: 40 pipsRisk: 0,5% -1%Risk-Reward: 3,0 https://www.tradingview.com/x/WjFvwm35/ LEAVE A LIKE AND A COMMENT – I appreciate every support! =) Peace and good tradesIrasor Wanna see more? Don`t forget to follow me