Nzdchfanalysis
NZDCHF Trend continuationExpecting trend continuation on NZDCHF. Last week NZD was going lower but expecting to be stronger against CHF which is affected by eurozone weakness and low interest rates.
NZDCHF-H4 CHARTHarmmonic pattern confirmation + Daily resistence hit = Good timing to sell
Tp: 0.70336 SL: 0.73314
NZDCHF A quick flybyIt looks solid long. Cash build up seems to have ended and Magic-T is pointing upwards. Trading currently above all the trend lines and the overall trend is long. There is a potential small profit of a couple of hundred pips, but the risk/reward is fair.
NZDCHFthis pair is currently respecting the trend line and should moving back up to the 0.71200 area ..
NZDCHF - SHORT ! Ascending Triangle 0.5 fib made a good resistance now i am waiting for the price to test again the support down @0.69600 100 pips will be perfect win !
NZD/CHF Short?Price coning in upwards trend to previous S/R level. Fibonacci levels not drawn yet due to Dairy auction, it may cause interruption in pattern and price may break out to .71474 area.
NZDCHF POSSIBLE SCENARIO ! THIS IS THE POSSIBLE SCENARIO IN THE NZDCHF SCENARIO 1D CHART
IF IT BREAKS THE TRENDLINE AND SUPPORT PUT SELL ORDER @ 0.69000 AND TP @ 0.66500
NZDCHF: RSI + MACD + Structure support + falling wedge = LONG YOUR LIKE MATTERS : Give it a like if this has helped you in any way , follow for more ideas and daily updates.
