- Analytics
- Trading Ideas
Trading Idea - NZD/CHF, 16-05-2022
Trading Signal: NZDCHF
Order | Sell |
Direction | Bearish |
Pattern | Trading in downward channel |
Interval | 4 hours |
Length (Candles) | 2 |
Idea Summary
The short term NZDCHF price forecast is bearish. The NZDCHF price is rising to test the upper bound of a downward channel. Most likely the price will reflect off the upper bound and continue declining while there is small likelihood it may breach above the upper bound and continue rising to test Fibonacci 32.8 level.
Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.