NZD/CHF Up 8 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; 2 Day Down Streak Ended

Hourly Update

(Last Updated November 19, 2021 1:44 GMT)

At the time of this writing, NZDCHF’s rate is up 8 pips (0.13%) from the hour prior. The hourly chart shows that NZDCHF has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend 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)

The back and forth price flow continues for NZDCHF, which started today off at 0.6510122421, up 9 pips 0.13% from the day prior. Compared to its peers in the Forex, NZDCHF gave its buyers a return that ranked 20th in terms of percentage change since the day prior. 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 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 3 pips away. 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 up. Price action traders in particular will want to note that the 30 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 16 them.

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. Bulls may note that this suggests a buy/sell ratio that is 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.

NZDCHF: After a 50% retracement forming my 3rd mentfx block, I anticipate a continuation of the trend forming the 3rd wave of the bullish structure.N/B not a financial advice