NZDCHF Up 1 Pips in Last Hour, Moves Down For the 2nd Straight Day; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated January 12, 2021 2:22 GMT)

At the time of this writing, NZDCHF’s rate is up 1 pips (0.02%) from the hour prior. The hourly chart shows that NZDCHF has seen 3 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. 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 is down 32 pips (0.5%) since the day prior (opening today near 0.63745), marking the 2nd straight day a decrease has occurred. Compared to its peers in the Forex, NZDCHF gave its buyers a return that ranked 33rd in terms of percentage change since the day prior. The price chart of NZDCHF below illustrates.

NZDCHF

NZDCHF Technical Analysis

Notably, NZDCHF is now close to its 20 and 50 day averages, located at 0.6327 and 0.6284 respectively, and thus may be at a key juncture along those timeframes. 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 14 days NZDCHF’s price has gone up 8 them.

The View From Around the Web

Of note is that traders in aggregate have opinions on NZDCHF, with 4 buy signals on our radar and 0 sell 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 that we thought you might enjoy.