NZDCHF bounced from support, potential for a further rise!
NZDCHF bounced off 0.62915 where it could potentially rise further to 0.63776.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Nzdchfanalysis
NZDCHF bounced from support, potential for a further rise!
NZDCHF bounced off 0.63126 where it could potentially rise further to 0.63640.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NZDCHF bounced from support, potential for a further rise!
NZDCHF bounced off 0.63252 where it could potentially rise further to 0.64030.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NZDCHF TO RESTEST AND FALL AGAIN
FX:NZDCHF - Price moved bearish and the corrected in a flat manner before breaking bearish again. Price is showing potential to hold on the support i have marked and then retrace at least 50% of the bearish move from when it broke from the flat correction before falling again.
Entry - Grey line
Take profit - Green line
Stop loss - Red line
Risk to reward - 1:2
NZDCHF approaching resistance, look out for potential reversal!
NZDCHF is approaching its resistance at 0.63148 where it is could reverse down to its support at 0.62119.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDCHF LONG 1000 PIPS3 On Mt4
Hitting Trend Line
Inverted Head and Shoulder
Forming Morning Star
4Hr Divergence
3 On 4hr, Daily, Weekly, 2 On Monthly *
Long Term Down Trend
Daily, Weekly, Monthly Divergence *
The only way it will hit SL if it breaks two trend lines, and a major support. Stop Loss could be set to .62350, I have it at 1 to 1 for a much higher chance of winning.
NZDCHF approaching support, potential for a bounce!
NZDCHF is expected to drop to 1st support at 0.65686 where it could potentially react off and up to 1st resistance at 0.66132.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.