NZDCHF Up 0 Pips On Hourly Chart; is Inching Close to 50 and 100 Day Averages

Hourly Update

(Last Updated October 12, 2021 0:22 GMT)

Currently, NZDCHF’s rate is up 0 pips (0.01%) from the hour prior. This is the 2nd hour in a row NZDCHF has seen its price head up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. The moving averages on the hourly timeframe suggest a choppiness in price, as the 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 back and forth price flow continues for NZDCHF, which started today off at 0.6425153925, down 14 pips 0.22% from the previous day. Compared to its peers in the Forex, NZDCHF gave its buyers a return that ranked 31st in terms of percentage change since the previous day. The price chart of NZDCHF below illustrates.

NZDCHF

NZDCHF Technical Analysis

Notably, NZDCHF is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. 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 100 day average, which is 16.8 pips away. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to simplify this another way, note that out of the past 30 days NZDCHF’s price has gone up 18 them.