. NZDCHF Technical Analysis, Forecast and Trade Signals

NZDCHF Technical Analysis, Forecast and Trade Signals

09 Jun 2022

NZDCHF Technical Analysis: Weekly Chart

NZDCHF Technical Analysis

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

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.6223 & the resistance level is at 0.6359.

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

NZDCHF Technical Analysis: Daily Chart

NZDCHF Technical Analysis

In the daily charts, NZDCHF is trading in an up channel. NZDCHF is currently trading above all SMA.

RSI is in over bought zone which indicates mild bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.6291 & the resistance level is at 0.6338.

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

How to Trade NZDCHF this Week:

NZDCHF will follow the uptrend until their trend reversal. So, remain bullish on NZDCHF.

TRADE SUGGESTION- BUY AT 0.6316, TAKE PROFIT AT 0.6338 AND STOP LOSS AT 0.6291