NZDCHF: Bearish Wedge Pattern in Play
NZDCHF: Bearish Wedge Pattern in Play
The NZDCHF pair completed a bearish wedge pattern, confirmed on Friday evening. The price is currently retesting the pattern, increasing the likelihood of NZDCHF continuing its downward movement.
A short-term target is set at 0.5147, corresponding to the previous low. Should the price move below this level, it is likely to test 0.5138 and 0.5110.
While there are some risks due to SNB speculations, given the Swiss National Bank's consistent support of the CHF whenever it loses value, the CHF could push the pair further down.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
The NZDCHF pair completed a bearish wedge pattern, confirmed on Friday evening. The price is currently retesting the pattern, increasing the likelihood of NZDCHF continuing its downward movement.
A short-term target is set at 0.5147, corresponding to the previous low. Should the price move below this level, it is likely to test 0.5138 and 0.5110.
While there are some risks due to SNB speculations, given the Swiss National Bank's consistent support of the CHF whenever it loses value, the CHF could push the pair further down.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Transaction en cours
NZDCHF - target reached and it should move down more
Trade fermée: cible de profit atteinte
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.