NZD/CHF formed a top

NZD/CHF formed a top

2019-11-11 • Updated

Trade ideas

SELL at 0.6715; TP1 0.6625; TP2. 0.66; SL 0.6740

SELL at 0.6680; TP1 0.6650; TP2 0.6625; SL 0.6700

On W1, the advance of NZD/CHF stopped at the resistance line from 2017. The pair consolidated at the moving averages for some time but then turned lower guided by MACD.

NZDCHFWeekly.png

NZD/CHF closed below 200-day MA at 0.6735 thus confirming a top. The targets of the pattern lie around 0.6590. Daily MACD is declining. The pair’s testing levels below 38.2% Fibo (0.6700). The next Fibonacci level lies at 0.6625.

NZDCHFDaily.png

Similar

Top Three Trade Ideas for December 2023
Top Three Trade Ideas for December 2023

Hey folks, it’s a wrap to yet another month in the 2023 calendar, and I’m guessing you know what that means - time for another episode in the “What To Trade” series. For December, I will be mapping out trade more cautiously as the market volatility often drops

How Will CAD React To The BOC Meeting?
How Will CAD React To The BOC Meeting?

The Bank of Canada (BoC) is widely expected to leave its policy rate unchanged at 5% in its upcoming meeting, maintaining a hawkish stance in the face of rising inflation. The Canadian Dollar (CAD) has weakened against the US Dollar (USD) since...

Will BOE support GBP? 
Will BOE support GBP? 

Today, the Bank of England has decided to raise interest rates to combat inflation. In its recent report dated the 3rd of August, 2023, the BOE confirmed that it had raised interest rates to 5.25%, expecting that the inflation rates would drop to 2%.

Latest news

Bitcoin 2024: The Story Is Cyclical
Bitcoin 2024: The Story Is Cyclical

In the dynamic world of financial trading, understanding the nuanced relationship between the Federal Reserve's key interest rates and Bitcoin can be a game-changer…

Will NFP Be Positive for the US Dollar?
Will NFP Be Positive for the US Dollar?

As the US Non-Farm Payrolls (NFP) take center stage, this month's data gains special attention, particularly after the unemployment rate took a concerning turn in the previous month. The US ADP Employment Change reveals a significant decline, with the economy adding 298K new jobs...

Deposit with your local payment systems

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!

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