Technical Analysis: Bias Bearish - RSI and Stochs are biased lower, RSI below 50 - MACD shows bearish crossover on signal line - -ve DMI crossover on +ve DMI - Upside capped at 20-DMA (0.70) Support levels - 0.6933 (200-DMA), 0.6916 (cloud top), 0.6865 (61.8% Fib) Resistance levels - 0.7003 (20-DMA), 0.7025 (5-DMA), 0.7066 (Jan 23 high) Good to go short on...
The New Zealand continued to extend its gains against the Swiss Franc during the first part of April. It peaked near the 0.7125 mark on April 13 prior to pushing back down to 0.6950 where the breached senior channel and a junior one are situated. Meanwhile, technical indicators are located in the oversold territory. This suggests that the prevailing bearish...
Right now we are on a strong S/R daily line where many past reversals occurred, and on top of that we have confluence with a monthly triangle that has been respected really well. Last week the price tried to break the triangle but it fell back into it. The price may be looking to retest the 0.70260 zone and go higher because it haven't done that yet and the market...
NZDCHF has touched the monthly resistance, i think we are near a good retracement, the target is the green line, stop loss very tight!
0.705 Resistance zone Waiting for more signs of rejection candle to shows signs of weakness. Looking at the next support zone for taking profit. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should...
NZDCHF is pushing to higher prices and the long term market pressure (+8.7) confirm the trend. Also the short term market pressure confirm that the movement will start in short time (+11.7). But be carefull at the level 0.70750 ! The cross can't beat some level of resistance without a serious retracement at level shown on chart. This analysis is based on...
Technical Analysis: - The pair has broken above 200-DMA at 0.6944 after breakout at major trendline resistance. - We see price action has broken out of daily cloud which is now strong support at 0.6927. - RSI strong above 60 levels and rising. - ADX above 25 levels and rising, +ve DMI dominance seen. - 200W SMA at 0.7015 is major resistance, break above will see...
NZD/CHF has been trading in a long-term channel down since mid-June. The pair’s latest test of its bottom boundary occurred five weeks ago. The Kiwi has since been constrained in a channel up, while the most junior channel was formed within this pattern. It is expected that the New Zealand Dollar continues its current movement towards the senior channel located...
After multiple retests and a fall breakout around 0.68400 we can expect a new bullish trend towards 0.71000.
NZD_CHF: Support area created. Going for long till reached the target. Then another short at resistance is a good idea.