NZD/CHF Up 2 Pips Over Past Hour, Makes Big Move Relative to Past Month; Nears 20 and 100 Day Moving Averages

Hourly Update

(Last Updated June 6, 2022 1:45 GMT)

Currently, NZDCHF’s rate is up 2 pips (0.04%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. 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 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)

NZDCHF entered today at 0.6260901201, down 22 pips (0.35%) 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. Here is a price chart of NZDCHF.

NZDCHF

NZDCHF Technical Analysis

The first thing we should note is that the current price of NZDCHF is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 20 day average, which is 4.7 pips away. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 14 days NZDCHF’s price has gone down 8 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for NZDCHF; just 2 sell signals and 2 buy signals. This imputes a buy/sell ratio of 1, which is neutral. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

Hello to allMy personal analysis for this pair:1 Prices are in a downtrend (black trend line )2. New contact with the downside support area (red circle)3. Bearish rebound expected