as it shown on the 4 hr chart it is up trend and the bullish control trading over ema50 line. and about to test the nearest shown resistant at 0.7199
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as it shown on the 4 hr chart it is up trend and the bullish control trading over ema50 line. and about to test the nearest shown resistant at 0.7199
NZD CHF/H1 The last bullish candle closed below middle line of bollinger band ,so I expect it to go more down
the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (standing respectively at 0.7064 and 0.6948).Supports and resistance
If a M15 close above 0.7220 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.7100 sell only and do not buy. If price closes back above it again do nothing
The range 0.7220 and 0.7100 is neutral area, any trade done in between is personal decision and not part of this analysis
we can notice from the chart that the pair has closed it's daily candle under 0.7100 , that's mean the down trend is expected and the pair might head to 0.7070 then 0.7040 , however the pair made a hourly correction
If a M15 close above 0.7200 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.7100 sell only and do not buy. If price closes back above it again do nothing
The range 0.7200 and 0.7100 is neutral area, any trade done in between is personal decision and not part of this analysis
we can notice on the chart , the pair is trading under the level of 0.7100 , so any way if the pair succeeded in breaking 0.7100 , the pair will continue in it's up movements heading to 0.7130 and then 0.7160 on continuous movements base
NZDCHF buy limit at level 0.7007 but if break low below 0.6982 sell NZDCHF. Or sell limit at 0.7056 but if break high at level 0.7071 buy NZDCHF. It became a break out zone after consolidation.
the chart is showing that the pair is trading under level 0.7100 , that's mean the down trend is standing and the pair might reach 0.7020 , but if the pair succeeded in breaking 0.7100 , it will head to 0.7135 and then 0.7165 .
the trading has ended with the pair under the level 0.7100 and that's will make the movement continue in down trend to reach 0.7035 , and then the selling is suggested with a suitable stop loss level and targets equal 30 pips .