W/C 18TH SEP ANALYSIS: NZDCHF
NZDCHF is in a long term downtrend on the daily time frame, although is experiencing a recent pullback within the parameters of its trend line and support. I expect this bullish move to persist for a small while longer as price appears to be gravitating towards the declining 100EMA. Perhaps a rejection of the 100EMA, trend line and potential short term AOI at around 0.53433.
I’m waiting out for the break of the floor at 0.51940, in which I’ll be expecting a close underneath.
Reasons to take this trade:
- Price is in a long term downtrend (need to wait for it to reverse to match this)
- Price remains below EMA100
As of current, this pair is not yet showing enough indications to warrant a sell.
I’m waiting out for the break of the floor at 0.51940, in which I’ll be expecting a close underneath.
Reasons to take this trade:
- Price is in a long term downtrend (need to wait for it to reverse to match this)
- Price remains below EMA100
As of current, this pair is not yet showing enough indications to warrant a sell.
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