NZD/CHF FUTURE TECHNICAL ANALYSIS & TRADE SIGNAL

NZD/CHF FUTURE TECHNICAL ANALYSIS & TRADE SIGNAL

forex technical analysis

NZDCHF Technical Analysis: Weekly Chart

forex technical analysis

In the weekly charts, NZDCHF is trading in a down channel.

It is trading above all SMA.

The immediate support is 0.6362 & the resistance level is at 0.6472.

NZDCHF is trading in the down channel until there is trend reversal.

NZDCHF Technical Analysis: Daily Chart

forex technical analysis

In the daily charts, NZDCHF is trading in a down channel.

It is trading beloe 20 days SMA & above 50 and 100 days SMA.

The immediate support is 0.6384 & the resistance level is 0.6452.

NZDCHF is trading in the down channel until there is trend reversal . 

How to Trade NZDCHF this Week:

NZDCHF will follow the downtrend until their trend reversal. So, remain bearish on NZDCHF.

TRADE SUGGESTION- SELL AT 0.6421, TAKE PROFIT AT 0.6384 AND STOP LOSS AT 0.6452

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