What happened? It looks like the decline in EUR/CHF to 1…
NZD/CHF broke pivotal resistance level 0.7030
2019-11-11 • Updated
- NZD/CHF broke pivotal resistance level 0.7030
- Next buy target - 0.7090
NZD/CHF recently broke the pivotal resistance level 0.7030 (which reversed the price at the start of April, as can be seen below). The breakout of the resistance level 0.7030 accelerated the active minor impulse wave (iii), which belongs to wave C from the start of February. NZD/CHF is expected to rise further toward the next buy target at the next resistance level 0.7090 (top of the previous impulse wave A).
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone