ForecastCity_ME
Short

Don't miss the great sell opportunity in NZDCHF

FX:NZDCHF   New Zealand Dollar/Swiss Franc
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.618). 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= @ 0.6125
TP2= @ 0.6070
TP3= @ 0.6040
TP4= @ 0.5970
TP5= @ 0.5910

SL: Break Above R2

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Comments

Good analysis as usual
+1 Reply
@Sir_Ray, Thanks 😊
+1 Reply
Very nice analysis
+1 Reply
@Kristalyn, Thank you for your comment
+1 Reply
It was a pair of the week.
+1 Reply
ForecastCity_ME Pro_Trader_007
@Pro_Trader_007, Thanks for your comment 🍀
+1 Reply
Nice chart and Analysis
+1 Reply
ForecastCity_ME Josef_anderson
@Josef_anderson, Thank you 🍀
+1 Reply
Thank you for your time and sharing of knowledge.
+1 Reply
ForecastCity_ME sara-kian-fx
@sara-kian-fx, My pleasure 😊
+1 Reply
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