NZD/CHF falling inside primary impulse wave ③

NZD/CHF falling inside primary impulse wave ③

2019-11-11 • Updated

  • NZD/CHF falling inside primary impulse wave ③
  • Next buy target - 0.9800

NZD/CHF continues to fall inside the primary impulse wave ③, which started earlier from the resistance zone lying between the key resistance level 0.7320 (which stopped the previous impulse waves 3 and 5,as can be seen from the weekly NZD/CHF chart below) and the upper weekly Bollinger Band. Given the strength of the aforementioned resistance zone and the overbought reading on the weekly Stochastic indicator - NZD/CHF is expected to fall further to next sell target at the next round support level 0.7000 (which reversed earlier wave B).

Similar

USD/CHF: approaching the bottom?
USD/CHF: approaching the bottom?

The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.

Latest news

What to Trade on July 4-8
What to Trade on July 4-8

Last week was bearish for risky assets such as stocks, oil, gas, and crypto. Will the upcoming week change the situation across the markets? Let’s look at it in detail!

When Will the US Stocks Bear Market Bottom?
When Will the US Stocks Bear Market Bottom?

US stocks have delivered their worst first half of a year in more than 50 years triggered by the Fed's attempt to control inflation and growing concerns about recession.

The Dollar's Strength or Other Currencies' Weakness?
The Dollar's Strength or Other Currencies' Weakness?

The value of the US dollar continues to rise, but is this because of the strength of the dollar itself or just the weakness of the euro, Japanese yen, and British pound? Since the beginning of the year, the US dollar index has been up 8…

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera