NZDCHF Up 4 Pips in Last Hour, 3 Day Up Streak Snapped; Breaks Below 50 Day Average

Hourly Update

(Last Updated April 19, 2021 2:21 GMT)

At the moment, NZDCHF’s rate is up 4 pips (0.05%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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)

After 3 up days, NZDCHF snaps its streak, falling 45 pips (-0.69%) over the past day to close at an exchange rate of 0.6570887781. Compared to its peers in the Forex, NZDCHF gave its buyers a return that ranked 37th in terms of percentage change since the previous day. Below is a price chart of NZDCHF.

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 9.1 pips away. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe. Or to simplify this another way, note that out of the past 30 days NZDCHF’s price has gone up 14 them.

The View From Around the Web

Not much commentary on NZDCHF that we’re finding noteworthy here; guess people aren’t watching this one :). Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

I will jump in only if the marked zone is breached and retested.