Technical outlook and ideas for Forex pairs
We have outlooked several promising Forex pairs and the result can surprise you!
NZD/CHF: earning on volatility
Information is not investment advice
NZD/CHF fell this week as the Swiss franc appreciated versus other currencies. However, the positive market sentiment related to the US-China trade deal helped the pair to find support in the 0.6355 area (50% Fibonacci retracement of the August-December advance; 100-day MA). At the moment of writing, the price has approached Wednesday’s high around 0.6400.
On the H4, we can see that NZD/CHF has met resistance. It may slide to the minimum seen on this timeframe and the H1 at 0.6387, where buyers will once again become interested. The turn upwards from this support and the following break above 0.6400 will lead the pair to 0.6420. The next resistance levels lie at 0.6420 (50-day MA) and 0.6435 (50-period MA on H4).
On the downside, a return below 0.6380 will open the way down for a retest of 0.6355.
Similar
Another EUR/USD Trade!
4H Chart Daily Chart We sent out a signal yesterday to long EUR/USD between 1…
New EUR/USD Trade
4H Chart Daily Chart EURUSD declined back yesterday after trying to test its 1…
Popular
The CAD vs. the World: Mid-Term Scenarios for the Currency
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
Fed Keeps Pushing USD to 2000s Highs
The US dollar index has all chances of reaching the 2000s high of 120.00.
Gold isn't saving investors from inflation
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?
Choose your payment system
