Main Quotes Calendar Forum
flag

FX.co ★ NZDCHF potential for further upside

parent
Forex Analysis:::2021-06-17T09:08:21

NZDCHF potential for further upside

NZDCHF potential for further upside

NZDCHF has broken out of descending trend line resistance in line and is pushing up towards horizontal swing high resistance in line with 161.8% Fibonacci retracement and 161.8% Fibonacci extension . If prices push past buy entry, prices might continue to push up towards horizontal swing high resistance in line with 61.8% FIbonacci retracement . If prices reverses from pivot , prices might push down towards 61.8% Fibonacci retracement and 100% Fibonacci extension . EMA is also below prices, showing a bullish pressure for prices.

Trading Recommendation

Entry: 0.69254

Reason for Entry:

Horizontal overlap resistance, 61.8% Fibonacci retracement, 127.2% Fibonacci extension

Take Profit: 0.68963

Reason for Take Profit:

Horizontal swing low support, 161.8% Fibonacci retracement, 78.6% Fibonacci extension

Stop Loss: 0.69442

Reason for Stop Loss:

Horizontal swing high resistance, 161.8% Fibonacci retracement, 161.8% Fibonacci extension

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...