(Last Updated March 26, 2021 23:22 GMT)
Currently, NZDCHF’s rate is up 8 pips (0.12%) from the hour prior. This is the 2nd straight hour NZDCHF has seen its price head up. 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 doji candlestick pattern on NZDCHF. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Of note is that the 50 hour changed directions on NZDCHF; it is now pointing up. 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, which opened today priced near 0.654585623, is up 26 pips 0.39% since the previous day, marking a reversal from the day prior — and the end of a 5 day negative run. Compared to its peers in the Forex, NZDCHF gave its buyers a return that ranked 11th in terms of percentage change since the previous day. Below is a price chart of NZDCHF.
NZDCHF Technical Analysis
Notably, NZDCHF crossed above its 50 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up. For additional context, note that price has gone down 8 out of the past 14 days. We’re also seeing a bullish engulfing pattern here, and given the downtrend on the 14 and 90 day
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 not get carried away with that idea just yet. 🙂 Here’s a piece we found on tradingview.com that we thought you might enjoy.