NZDCHF is approaching our first support at 0.6684 (horizontal swing low support, 100% Fibonacci extension, 50% & 38.2 % Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 0.6748 (61.8% Fibonacci retracement , horizontal overlap resistance). Stochastic (55,5,3) is also approaching support and we...
NZDCHF is approaching our first resistance at 0.6819 (61.8% Fibonacci extension, 61.8% Fibonacci retracement) where we might see a drop in price to our first support at 0.6532 (61.8% Fibonacci extension, Horizontal swing low support). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this...
0.6819 (61.8% Fibonacci retracement , 61.8% Fibonacci extension)where we might see a drop in price to our first support at 0.6514 ( 76.4% Fibonacci retracement , 61.8% Fibonacci extension, horizontal swing low support ). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading...
NZD/CHF pair is extending 200-DMA breakout, bias bullish. Next major bull target lies at 61.8% Fib at 0.6812 ahead of 0.6847 (Dec 12 high). On the flipside, 200-DMA is major support at 0.6708. Retrace below will negate the bullish bias.
NZDCHF is approaching our first resistance at 0.6742 (Horizontal pullback resistance, 50% Fibonacci retracement, 100% Fiboancci extension) and a strong drop might occur pushing price down to our major support at 0.6591 (Horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react...
if you zoom out on the daily chart it has hit a strong resistance 3 times. NZDCHF us currently dropping and this little rise is likely to be just a pullback. it has bounced down off another key resistance and is forming what looks like to be a head and shoulders. Will sell when market opens if its a good price
NZDCHF reversed off its resistance at 0.6747 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap resistance) where it could potentially drop further to its support at 0.6656 (38.2% Fibonacci retracement). Stochastic (55, 5, 3) reversed off its resistance at 99% where a further drop could occur.
NZDCHF is approaching its resistance at 0.6728 (100% Fibonacci extension, 50% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse to its support at 0.6592 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is testing its resistance at 99% where a corresponding reversal could occur.
Look for re-test of .50 Fib, if it reaches this point I'll be shorting with some price action confirmation. Check chart.
NZDCHF is approaching our first resistance at 0.6735 (Horizontal pullback resistance , 100% fiboancci extension, 23.6% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.6618 (horizontal pullback support, 100% fiboancci extension, 50% fiboancci retracement). RSI (89) is also approaching resistance...
By Andria Pichidi - December 18, 2018 NZDCHF presents similar action to NZDUSD, as the pair rebounded from December’s lows and is currently up by 75 pips. NZDCHF holds strong Support at the 200-day SMA since November 7, at 0.6740. Meanwhile, the fact that the 50-day SMA is sloping to the upside since October, while 200-day SMA has flattened the past month,...
The US Dollar Index had print higher on Friday by just 1 pip. It touched 97.71 levels before reversing lower again and is seen to be trading around 97.30 levels at this point in writing. It is too early to confirm a bearish reversal at this moment, but a break below 96.36 levels could be seen as a confirmation. Please also note that the next resistance is not too...