ForecastCity

💡Don't miss the great sell opportunity in NZDCHF

Short
FX:NZDCHF   New Zealand Dollar/Swiss Franc
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.635).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.

Take Profits:
TP1= @ 0.6300
TP2= @ 0.6265
TP3= @ 0.6235
TP4= @ 0.6185
TP5= @ 0.6110

SL: Break Above R2

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Comments

That's right. Totally agree
+2 Reply
ForecastCity yusufipek1989
@yusufipek1989, Thanks for your nice comment.🌹
Reply
yes, it's an interesting idea. Thanks
+1 Reply
ForecastCity Best_Forecast
@Best_Forecast, You're welcome 🌹
Reply
It's nice and very detailed idea. 😊 Thank you
+1 Reply
ForecastCity Kristalyn
@Kristalyn, You're welcome. 🌹
Reply
Breakdown below the ascending trendline support. Good analysis 👍
+1 Reply
ForecastCity Chibuike_Odoh
@Chibuike_Odoh, Thanks.🌹 We hope you enjoy it.
Reply
It's outstanding! 👏
+1 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thanks for your support.🌹
Reply
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