. Forex Pair: NZDCHF Price Chart, Analysis and Trading Tips - CSFX

Forex Pair: NZDCHF Price Chart, Analysis and Trading Tips – CSFX

Forex Pair: NZDCHF Price Chart, Analysis and Trading Tips – CSFX

18 May 2022

NZDCHF Technical Analysis: Weekly Chart

In the weekly charts, NZDCHF is trading in a down channel. NZDCHF is currently trading below 50 days SMA & above 20 and 100 days SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.6232 & the resistance level is at 0.6401.

NZDCHF will trade in the down channel until there is trend reversal.

NZDCHF Technical Analysis: Daily Chart

In the daily charts, NZDCHF is trading in a down channel. NZDCHF is currently trading below 50 days SMA & above 20 and 100 days SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.6301 & the resistance level is at 0.6349.

NZDCHF will trade 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 0.6336, TAKE PROFIT AT 0.6301 AND STOP LOSS AT 0.6349