we can notice from the chart that the pair has closed under 0.6500 , that's mean the down trend is expected and the pair might head to 0.6400 then 0.6350 , however the pair made a hourly correctio
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we can notice from the chart that the pair has closed under 0.6500 , that's mean the down trend is expected and the pair might head to 0.6400 then 0.6350 , however the pair made a hourly correctio
Topside gains should be limited noting the convergence of the 20-day moving average and the 23.6% Fibonacci extension taken from the February 9th and April 6th crests at the 0.69-figure.
Our bias on the trade is to the downside as the kiwi continues to see pressure on haven flows while the swissie benefits from European investors seeking safer, lower yielding assets.
as we can see ih the hourly shart i thibk the pair want to makee the up trend the rsi have crosse the 50 level the macd has crosee the 0 level to up in my opinion we can choose on ly bay order from ather small timeframes
downtrend will resume back after it reach the trendline.....just watch for a revesal candlestik to enter the sell again and the projection will be below the support line within 6600 area
as we can see from the chart , the pair has stated it's trading week above the level of 0.7000 and that's mean that the up trend is expected this week and the pair might head to 0.7060 and then 0.7100
The New Zealand dollar – Swiss franc pair has completed seven continuous days of price drops! This is by no means a minor statistical event and significantly increases the chances for a trend reversal and a move to exchange rate increases.
the pair and as we can see from the chart has closed it's daily candle under the level of 0.7100 , so , that's mean the down trend is still standing and the pair is heading to 0.7000 then 0.7070
If a M15 close above 0.7100 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.7000 sell only and do not buy. If price closes back above it again do nothing
The range 0.7100 and 0.7000 is neutral area, any trade done in between is personal decision and not part of this analysis
as what i can see in the hourly the pair is bulish the macd is abouve the 0 levl the rsi is abouve the 50 level so the first resisitabce at 07185 if he close in 4h abouve this he will continue to up