NZDCHF Up 1 Pips Over Past Hour, Tops All Forex; Makes Big Move Relative to Two Week Trend – CFDTrading

Hourly Update

(Last Updated April 16, 2021 0:22 GMT)

Currently, NZDCHF’s rate is up 3 pips (0.05%) from the hour prior. The hourly chart shows that NZDCHF has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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 up 90 pips (1.38%) since the day prior (opening today near 0.6591931934), marking the 2nd straight day it has gone up. For context, observe that the day prior was noteworthy in the sense that NZDCHF bested all 39 of the assets in the Forex class. Let’s take a look at price chart of NZDCHF.


NZDCHF Technical Analysis

First things first: NZDCHF crossed above its 20 and 50 day moving averages 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 16.8 pips away. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. 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 up 14 out of the past 30 days.

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