NZDCHF Up 4 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; 2 Day Down Streak Broken

Hourly Update

(Last Updated April 9, 2021 3:22 GMT)

At the moment, NZDCHF’s rate is up 4 pips (0.06%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as NZDCHF has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being above it. 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)

The back and forth price flow continues for NZDCHF, which started today off at 0.652609707, up 10 pips 0.16% from the previous day. Relative to other instruments in the Forex asset class, NZDCHF ranked 9th the previous day in terms of percentage price change. The price chart of NZDCHF below illustrates.


NZDCHF Technical Analysis

The first thing we should note is that NZDCHF is now close to its 20, 50 and 100 day averages, located at 0.6596, 0.6569 and 0.6453 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe. For additional context, note that price has gone up 6 out of the past 10 days. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.

The View From Around the Web

We’re seeing some traders come out with interesting conviction on NZDCHF, with 4 buy signals on our radar and 3 sell signals. This imputes a buy/sell ratio of 1.33, which is bullish. Here’s a piece we found on; below is a short snippet from it to give you a taste.

Hello everyone, if you like the idea, do not forget to support with a like and follow.The following confluences have been observed and satisfied with the direction of market. Our trading plan is to bid at better price and hoping the market pick up our bid and move further with trend.The bidding plan should come with expiry date.D1/M55 (T.Cont.PB.AClim.VPOC)1. (D1)(Y)(MUST) AutoClimate has statistic edge for moving up (Curr:2 / Std:4.8)2. (M55)(Y)(MUST) Has valid UFO area with strong engulfing candle with very small wick3. (M55)(Y)(MUST) VPOC inside UFO area4. (M55)(Y)(MUST) EMA200/100/55 should align with EMA9 Daily5. (M55)(Y)(MUST) EMA9 Daily inside slightly near VPOC area6. (M55)(Y)(MUST) Stoch (14,3,3) above 50D1/M55NZDCHF SELL @ 0.65821SL 0.66065 (24.4)TP 0.65088 (73.3)EXP 2021.04.13 00:05 UTC+3Trading plan become invalid if one of below condition appear1. The price goes further down, causing the EMA200 & EMA9-daily has exceeded too wide with VPOC.2. Another potential VPOC has appeared and align with EMA200 & EMA9-daily3. The expiry date has hit.4. Autoclimate at D1 has changed colorDisclaimer Notice !!!The plan that shared here are not 100% confirm winning trade. There is no such thing as “always win” strategy. There will be a time we will face losing in rows. We are not pursuing high winning rate here. With R/R 1:3 and 30-40% winning rate and good money management, we can be consistent profit in the long run. Any trades you decide to take are your own. The trades shared here are for educational/informational purposes only and are Mulchen’s personal trades.Good luck!~Mulchen, CISSP