Receive the latest alerts via email

Trade of the Day: NZD/CHF

By: Dima Chernovolov NZD/CHF continues to fall inside the clear 4-hour Descending Triangle chart pattern which was recently identified by Autochartist. Autochartist rates the quality of daily this Descending Triangle at the 6-bar level – which is the result of the above-average Initial Trend and Uniformity (6 bars) and higher Clarity (7 bars). NZD/CHF is…
Trade of the Day: NZD/CHF

By: Dima Chernovolov

NZD/CHF continues to fall inside the clear 4-hour Descending Triangle chart pattern which was recently identified by Autochartist. Autochartist rates the quality of daily this Descending Triangle at the 6-bar level – which is the result of the above-average Initial Trend and Uniformity (6 bars) and higher Clarity (7 bars). NZD/CHF is expected to fall further inside this chart pattern – in line with the earlier downward reversal from the key resistance area shown below.

As can be seen from the daily NZD/CHF below, the price earlier reversed down from the resistance area lying between the resistance level 0.6810 (which reversed the price in April), upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse from March. The proximity of this resistance area increases the probability NZD/CHF will continue to fall inside this Descending Triangle.

Total
0
Shares
Previous Post
Trade of the Day: NZD/CHF

Trade of the Day: NZD/CHF

Next Post

CA Ivey PMI s.a News Event – a possible $127.39 movement on USDCHF

Related Posts
Trade of the Day:  GBP/CAD

Trade of the Day: GBP/CAD

GBP/CAD recently broke the key 30-minute resistance level 1.6152, which was recently identified by Autochartist. Autochartist rates the significance of this resistance level at the 3-bar level – which is the result of the three previous reversals from this price level. GBP/CAD is expected to rise further toward the forecast price 1.6258. As can be…
Lire la suite
Trade of the Day:  EUR/CAD

Trade of the Day: EUR/CAD

EUR/CAD continues to fall toward the key support level 1.4491, which was previously identified by Autochartist. Autochartist rates the Significance of this support level at the 5-bar level – which is the result of the five previous reversals from this price level. EUR/CAD is expected to continue to fall toward the support level 1.4491. As…
Lire la suite