@justjenny
Welcome to r2r and the hobby. I have been addicted for 50 years.
Neither of those numbers are a problem for fish. What else is in the established tank that you purchased?
Healthy Indo-Pacific reefs pH fluctuate between 7.6 -8.2.
With respect to high nitrate, that comes with new tank syndrome.
Nitrification bacteria break ammonia down to nitrites than to nitrate. De-nitrification happens in a reducing oxygen enviroment where bacteria break apart the oxygen molecule and release a free nitrogen gas molecule from the nitrate molecule. The energy required for oxygen scavenging of NO3 slows reproduction of anarobic & Faculative bacteria. Nitrification bacteria double in 20 minutes as oppressed to several hours for denitrification bactetia.
What else is in your tank besides two clowns?
What do you know about alkalinity and bufferring of pH?
Also, expect pH to drop when lights are off. During photosynthesis, photosynthetic organisms consume carbon dioxide and produce oxygen. When lights are off, they consume oxygen and produce carbon dioxide. Carbon dioxide produces a weak acid as it dissolves in water and reduces pH. A buffer like aroggonite begins to dissolves in water with reducing pH, especially in the substrate of the sandbed.
PS: Your wave maker is a good investment for circulating water and promoting good gas exchange at air/water interface. Good gas exchange removes excess carbon dioxide and more importantly, adds oxygen.