NZDCHF is showing a promising buy setup in the making. The price is now approaching a resistance that has been tested twice before. So statistically the chances of it breking are only increasing. Besides that we also see that Stoch indicator has lots of upwards momentum left. Possible target is 0.7776
Hello Traders, Price still under the trend continuation pattern and is now rising correctively. I'm looking to sell as much high as possible. First target the bottom trend line. Good Luck! Cheers, Jonas
Strong downtrend since the start of 2017, making lower highs. Price is locked into a strong downward channel based on the 4H chart Hidden divergence on the close of the 4H candle at 18:00 on 31st May shows the strong continuation of downward momentum. We see a possible Bearish Head & Shoulders pattern forming on the 4H chart. Fundamentals: The RBNZ...
Rationale for this trade is easy: a descending channel. The Swiss Franc came in strong yesterday being the best contender against USD and also fought against Euro despite its rally.