NZDCHF bounced from support, potential for a further rise!
NZDCHF bounced off 0.62915 where it could potentially rise further to 0.63776.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Nzdchfsetup
NZDCHF bounced from support, potential for a further rise!
NZDCHF bounced off 0.62915 where it could potentially rise further to 0.63776.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NZDCHF bounced from support, potential for a further rise!
NZDCHF bounced off 0.63126 where it could potentially rise further to 0.63640.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NZDCHF bounced from support, potential for a further rise!
NZDCHF bounced off 0.63252 where it could potentially rise further to 0.64030.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NZDCHF approaching resistance, look out for potential reversal!
NZDCHF is approaching its resistance at 0.63148 where it is could reverse down to its support at 0.62119.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDCHF approaching support, potential for a bounce!
NZDCHF is expected to drop to 1st support at 0.65686 where it could potentially react off and up to 1st resistance at 0.66132.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDCHF IDEANZDCHF TRADE IDEA
SWING TRADE IDEA
UPDATE FROM LAST WEEK
WE'VE GOTTEN OUR BREAK OFF THE BOTTOM OF THE FLAG AND OUR TARGET 1 WAS HIT @ 0.65863 +76 PIPS FROM ENTRY POINT.
CONTINUE HOLDING TO OUR NEXT POINT OF TARGET WHICH WOULD BE @ 0.67043
TARGET 3 STILL IS GOING TO BE @ 0.68193
_________________________________________________________________________________________________________________________________________________________________________
ENTRY: 0.65099 (WAS A BUY STOP)
TARGET 1: 0.65863
TARGET 2: 0.67043
TARGET 3: 0.68193
STOP LOSS: 0.63760
_________________________________________________________________________________________________________________________________________________________________________
**PROPER RISK MANAGEMENT NEEDED**
**PAST CHARTS DO NOT GUARANTEE FUTURE CHARTS TO GO AS PLANNED**
NZDCHF IDEANZDCHF TRADE IDEA
SWING TRADE IDEA
AS THE FLAG ON THE WEEKLY CHART GETS HIT AND SUPPORT GETS TESTED.
AS THE MARKET COMES BACK UP TO 0.65099 WE CAN START TO SEE THE BREAK AND RISE ABOVE SUPPORT.
ENTRY: 0.65099 (BUY STOP)
TARGET 1: 0.65863
TARGET 2: 0.67043
TARGET 3: 0.68193
STOP LOSS: 0.63760
**PROPER RISK MANAGEMENT NEEDED**
**PAST CHARTS DO NOT GUARANTEE FUTURE CHARTS TO GO AS PLANNED**
POTENTIAL BEARISH MOVE ON NZDCHF Price is showing bearish momentum with bearish divergence is evident. We may see price break lower.
Stop loss - Red line
Take profit - Green line
1% Risk
Take profit level will be adjusted to how price reacts and moves.
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