What happened? It looks like the decline in EUR/CHF to 1…
NZD/CHF reversed from support zone
2019-11-11 • Updated
NZD/CHF reversed from support zone
Next buy target - 0.7000
NZD/CHF continues to rise after the earlier upward reversal from the support zone lying between the powerful long-term support level 0.6750 (former major resistance level which has been reversing the price at the start of 2016), lower weekly Bollinger Band and the 38.2% Fibonacci correction of the previous sharp weekly upward impulse from August of 2015. The upward reversal from the aforementioned support zone created the weekly Japanese candlesticks reversal pattern Piercing Line. NZD/CHF is expected to rise toward the next buy target at the round resistance level 0.7000.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...