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NZDCHF

NZDCHF 16th SEPTEMBER 2022Strong bearish started to be seen on NZDCHF Daily after a few days of downward breakout from the support area. This is supported by the expectation of the SNB to leave negative interest rates, Forecasts suggest the SNB will raise interest rates from -0.25% to 0.5% on the 22nd of this month. Before the SNB rate change CHF already looked strong due to the buy the rumors movement. While New Zealand is on the brink of recession, the CPI figures released seemed to worry the market. The New Zealand government moved to offset some inflationary pressures by extending the duration of cuts to fuel excise taxes, road user fees and public transport fares.
Short
by DNP-FX
1
Joe Gun2Head Trade - Looking for a contination lower on NZDCHFTrade Idea: Selling NZDCHF Reasoning: Looking for a contination lower Entry Level: 0.5879 Take Profit Level: 0.5756 Stop Loss: 0.5897 Risk/Reward: 5.87:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre