π‘Technical analysis of the NZDCHF currency pair chart, 4-hour time frame. The price pattern shown is a bullish flag pattern, which is a bullish reversal pattern. The price moves within a downward sloping channel between support and resistance levels. If the price breaks the upper line to the upside, this could be a signal of the continuation of the uptrend and the start of a new upward movement.
Resistance (R.1) and Support (S.1) levels represent important points to monitor, as the price is expected to bounce or break them to determine the next direction of movement. We monitor the MACD indicator to determine the strength of momentum.
βοΈIt is not investment advice, for educational purposes only.
Resistance (R.1) and Support (S.1) levels represent important points to monitor, as the price is expected to bounce or break them to determine the next direction of movement. We monitor the MACD indicator to determine the strength of momentum.
βοΈIt is not investment advice, for educational purposes only.
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