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Nzdchfforecast

NZD/CHF could go lower if resistance holds💡Hello traders, Hope you are having fantastic summer and also are finding time for trading as well :) I will really apricate any likes and follows, that would help grow this channel. Let's take a look at NZD/CHF on daily chart. We can see that price is at key resistance line. We believe NZD will have tough week and many pairs involving kiwi will see down movement. However, we will wait for confirmation before entering any trades. Let us know what you think about this idea. Trade safe !
Short
by UnknownUnicorn3249870
NZDCHF Daily could have a long run . We pay attention on price Having a look on my chart on Renko, Heikin-Ashi , PSAR , LWMA 200,50,40,7 on D,4H,1H I got a long entry signal . CHF Unemployment rate increased to 3.4% during the time . Jan was 2.6% GDP Growth rate decreased -2.6% GDP Annual Growth rate decreased to -1.3% Retail Sales decreased to -14.7% NZD Unemployment rate increased to 4.2% is below Jan 2020 4.3% last month 4.2% GDP Growth rate decreased to 0.5% is positive and is not minus GDP Annual Growth rate decreased to 1.8% is still positive Retail Sales desecrated to -0.7%
Long
by UnknownUnicorn4000729
Will the support line of NZD/CHF have the power to stop Bears ?Hi Traders, hope you all have a fantastic Sunday afternoon. Today we take a look at NZD/CHF price forecast for next week. Since 19th of March price has been in nice Ascending channel. Support line of this channel has been tested couple of times since the start of channel. However, we here at Triple Pips think that the biggest test is going to happen in start of next week. Last 2 trading days have been all Bears. Does the support line has strength to stop them ? We don't know that yet that's why we are going to wait for either Long or Short. For Long we will wait for price to bounce back from the support line and if the price will breakthrough the line we will open Short positions. The Relative Strength Index shows us the down-side pressure is only starting. (RSI 47.59) Let us know in comment section what do you think is going to happen ?
Short
by UnknownUnicorn3249870