NZDCHF has been testing the current resistance of 0.59075 level in its strong upward move. It has already touched this resistance level FOUR TIMES! Yes, you read it right, four times! As can be seen in the chart, NZDCHF really seems determined to continue it's upward move. I expect the uptrend to continue, and for NZDCHF to touch the next resistance level of...
The price reached the lvl 127 bullish impulse and the historical price is near to reach. RSi has a divergence as MFI. NZD on CSI is on mid lvl and weakening and CHF is oversold and could be strengthened
i would like to add Elliot wave to this work to make it more convincing but am not sure i learned how to use it right for now , so if you have the skill but it in comment
#NZDCHF short.. I expect a price action as I mentioned in the chart..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you all the best..
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The pair is retesting a previous channel resistance. The MACD is showing bearish divergence, signaling the pair is ready to reverse, with intentions to retest the low.
Profit target #1 would be the most recent low. #2 would be the next recent low. If price is to fall all the way back to the 2020 lows, the move should take a few months. Estimated exit date: July
We can see a formation of a triple top which implies a reversal trend
We may want to short from there
Waiting for signals
Like if you agree with me!
Educational purpose only
NZDCHF IS BELOW STRONG KEY LEVEL AND THE TRENDLINE ALSO.
PLEASE KEEP ON EYE IN THIS , THIS IS AN IMPORTANT SIGNAL TODAY AND ENJOY FREE MONEY.
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