NZD/CHF Down 2 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; Came Into Today Up For the 2nd Consecutive Day

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Hourly Update (Last Updated February 19, 2021 1:53 GMT) At the time of this writing, NZDCHF’s rate is down -2 pips (-0.03%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 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…

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