NZD/CHF Up 7 Pips Over Past Hour, Came Into Today Up For the 2nd Consecutive Day; Breaks Above 20 Day Average

Hourly Update

(Last Updated January 5, 2022 1:44 GMT)

At the moment, NZDCHF’s rate is up 7 pips (0.11%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 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 is up 8 pips (0.13%) since the previous day (opening today near 0.6244810128), marking the 2nd consecutive day it has gone up. Compared to its peers in the Forex, NZDCHF gave its buyers a return that ranked 18th in terms of percentage change since the previous day. The price chart of NZDCHF below illustrates.

NZDCHF

NZDCHF Technical Analysis

Moving average crossovers are always interesting, so let’s start there: NZDCHF crossed above its 20 day moving average yesterday. Volatility for NZDCHF has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to simplify this another way, note that out of the past 30 days NZDCHF’s price has gone down 19 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for NZDCHF; just 0 sell signals and 1 buy signals. This imputes a buy/sell ratio that’s infinite! But, let’s take that with a grain of salt. 🙂 Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

we are trying to buy NZDCHF on the 1hour time frame to the premium in the daily time frame.