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Weekly forecast New Zealand Dollar / Swiss Franc technical chart
Symbol NZDCHF
Trade Setup

#NZDCHF
Total Profit: 2384 pip
Closed trade(s): 2384 pip Profit

Trade Setup:
We opened 12 BUY trades @ 0.56671 based on 'Valley' entry method at 2022-10-03.

Closed Profit:
TP1 @ 0.57178 touched at 2022-10-20 with 51 pip Profit.
TP2 @ 0.57907 touched at 2022-10-27 with 124 pip Profit.
TP3 @ 0.58487 touched at 2022-11-01 with 182 pip Profit.
TP4 @ 0.59000 touched at 2022-11-04 with 233 pip Profit.
TP5 @ 0.60187 touched at 2022-12-13 with 352 pip Profit.
7 trade(s) closed at market price as the major support is broken, therefore total profit will increase by 206 x 7 = 1442 pip
51 + 124 + 182 + 233 + 352 = 2384 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMarch 5, 2023 - 21:13
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.55000, resumption of uptrend is expected.
  • We make sure when the resistance at 0.60187 breaks.
  • If the support at 0.55000 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 0.58845 on 03/01/2023, so more losses to support(s) 0.57900, 0.57178, 0.56096 and minimum to Major Support (0.55000) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 48.

Supports and Resistances:

  1. 0.66314
  2. 0.65051
  3. 0.63792
  4. 0.61793
  5. 0.60986
  6. 0.59000
  7. 0.58493
  8. 0.57900
  9. 0.57178
  10. 0.56096
  11. 0.55000
  12. 0.53753
  13. 0.52260
Click on the level to view price action history.