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Prices seems still depressed by the bearish trend. Proved earlier when prices are moving up to touch the weekly pivot level (0.7661) prices fell sharply until now. This condition can make price fell down under monthy support 1 level (0.7632) for next movement.
Technical analysis of NZD/CHF is bearish
Resistance and Supporting levels is :
Resistance level is
1> Resistance level is:0.6736
2> Resistance level is: 0.6760
3> Resistance level is: 0.6774
Supporting level is
1> Supporting level is: 0.6698
2> Supporting level is: 0.6684
3> Supporting level is: 0.6660
Evaluasion
trend evident in tf d1, which is the trend down. prices have experienced a correction,
so I immediately open a sell position, and put on a pending order.
Position For Order:
instan sell order @ 0.6754
sell limit @ 0.6811
Money Management (MM):
Use multilevel lot. ...Lot Position 3 > lot position 2 > lot position 1.
Stop Loss and Target Propit up to you, but i like to cut loss and cut profits.
Image link:
http://i1123.photobucket.com/albums/...1113-25-11.png
daily analysis of nzd/chf
trade is buy
current rate is 0.6735
aj es waqt nzd/chf ke market ka current rate is 0.7635 h
Resistance and Supporting level is :
1> Resistance is : 0.6740
2>Resistance is : 0.6753
3>Resistance is: 0.6766
1> Supporting is : 0.6713
2>Supporting is: 0.6700
3>Supporting is: 0.6688
good luck
Pivot levels today:
R3: 0.7987
R2: 0.7938
R1: 0.7902
PP: 0.7848
S1: 0.7818
S2: 0.7764
S3: 0.7733
Comment: Price now is above the daily pivot, also if breaks the downword trend @ 1H time frame, this means more rising is predicted.
Forecast: Price may rise to 0.7959, but if it can break the level 0.7808, this will open the way to more fall to 0.7752.
hi
how are you
we can see in the 1h chart
the pair will go up to fibo 50.0
I see the pair will go to up way to 0.7942
stochastic refers that the pair will go up
so our target buy from 0.7856 and our target will 88pips
Good luck
This pair has bullish trend so if some one has buy then he had got a great profit,now it is at 0.8030 and it will again movie upward for a while,but after touching its high point,it will move downward so the bid about sell will be in favor of traders at this time
This pair has bullish trend so if some one has buy then he had got a great profit,now it is at 0.8030 and it will again movie upward for a while,but after touching its high point,it will move downward so the bid about sell will be in favor of traders at this time.
we can notice from the chart that the pair has closed it's daily candle under 0.6500 , that's mean the down trend is expected and the pair might head to 0.6470 then 0.6440 , however the pair made a hourly correction
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