After breaking the upper range earlier today NZDCHF is now also breaking the 14 EMA, besides that the Stoch RSI also shows strong buying pressure and the ADX made a strong bullish crossover. This all together makes it very likely the NZDCHF will head to atleast the 72 EMA and possibly break it. Buy: around 0,6770 TP: 0,6820 > 0.6890 SL: 0.6720
Expecting 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.
Harmmonic pattern confirmation + Daily resistence hit = Good timing to sell Tp: 0.70336 SL: 0.73314
It 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.
this pair is currently respecting the trend line and should moving back up to the 0.71200 area ..
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 !
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.
NZD gaining support from trendline and support level
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
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