(Last Updated November 18, 2020 2:20 GMT)
At the moment, NZDCHF’s rate is down -5 pips (-0.08%) from the hour prior. NZDCHF has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. Regarding moving averages, it should first be noted that price has crossed the 100 and 20 hour moving averages, resulting in them so that price is now turning below them. 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)
NZDCHF entered today at 0.62775, down 20 pips (0.32%) from the day prior. Compared to its peers in the Forex, NZDCHF gave its buyers a return that ranked 31st in terms of percentage change since the day prior. The price chart of NZDCHF below illustrates.
NZDCHF Technical Analysis
Coming into today NZDCHF is now close to its 20 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days NZDCHF’s price has gone up 17 them.