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

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Trade Setup
#NZDCHF:
Total Loss: 2079 pip
Closed trade(s): 2079 pip Loss

Trade Setup:
We opened 7 BUY trade(s) @ 0.6778 (day close price) based on 'Valley' at 2019.04.12.

Total Loss:
SL @ 0.6481 touched at 2019.06.10 with 297 pip Loss.
Loss for one trade is 0.6778(open price) - 0.6481(close price) = 297 pip
Therefore total loss for trades is 297 x 7 = 2079 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateJune 15, 2019 - 21:40
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.63150, beginning of uptrend is expected.
  • We make sure when the resistance at 0.65200 breaks.
  • If the support at 0.63150 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.6610 on 05/28/2019, so more losses to support(s) 0.6400 and minimum to Major Support (0.6315) 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 30.

Supports and Resistances:

  1. 0.7290
  2. 0.7095
  3. 0.7025
  4. 0.6910
  5. 0.6870
  6. 0.6820
  7. 0.6615
  8. 0.6400
  9. 0.6315
  10. 0.6200
Click on the level to view price action history.
Symbol Released Current Forecast
New Zealand Dollar / Swiss Franc (NZDCHF) Sun, 14 Apr 2024
New Zealand Dollar / Swiss Franc (NZDCHF) Sun, 7 Apr 2024
New Zealand Dollar / Swiss Franc (NZDCHF) Sun, 31 Mar 2024
New Zealand Dollar / Swiss Franc (NZDCHF) Sun, 24 Mar 2024
New Zealand Dollar / Swiss Franc (NZDCHF) Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on NZDCHF.