NZDCHF Up 1 Pips Over Past Hour; Moves Down For the 2nd Straight Day

Hourly Update

(Last Updated June 10, 2021 18:25 GMT)

At the time of this writing, NZDCHF’s rate is up 1 pips (0.01%) 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 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on NZDCHF. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

NZDCHF End of Day Recap

Updated 00:30 GMT (04:30 EST)

NZDCHF is down 25 pips (0.39%) since the day prior (opening today near 0.6425358814), marking the 2nd straight day it has gone down. Compared to its peers in the Forex, NZDCHF gave its buyers a return that ranked 38th in terms of percentage change since the day prior. Let’s take a look at price chart of NZDCHF.

NZDCHF

NZDCHF Technical Analysis

Coming into today NZDCHF is now close to its 20, 50, 100 and 200 day averages, located at 0.6489, 0.6535, 0.654 and 0.6372 respectively, and thus may be at a key juncture along those timeframes. 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 200 day average, which is 53.2 pips away. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 8 out of the past 14 days.