What happened? It looks like the decline in EUR/CHF to 1…
NZD/CHF reversed from resistance area
2019-11-11 • Updated
- NZD/CHF reversed from resistance area
- Next sell target - 0.6950
NZD/CHF recently reversed down from the resistance zone lying between the long-term resistance level 0.7090 (which reversed the previous correction A) and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Evening Star Doji. NZD/CHF is expected to fall toward the next sell target at next support level 0.6950 (low of the previous correction (iv)).
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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...