NZDCHF Forecast January 23-27

Even though this pair is still bullish but that failure at the 0.7250 resistance makes me question the bullishness. I think we might see some sideways movement before direction becomes clear. If price keeps failing at that 0.7250 zone then we might see a change in direction.

This is my forecast for the week ahead. It will be updated everyday during asian session for any changes. Do scroll down to look at the comments for updates.

If my charts are not clear, you can pm me anytime to ask any questions, I am more than willing to help. And if you want to look at my positions, you can click my etoro link from my profile, you will see my trading positions under portfolio.

Nothing is 100% in trading, it is a game of probabilities. Be nimble when trading, never have a strong bias. I can turn from bullish to bearish in a day if price action tells me so.

Comment:

Tuesday

Wait for a break of that 0.7250 resistance if wanting to go long, another fail there would be a bearish sign.

Comment:

Wednesday

Yesterday's fail at last week's high makes me turn slightly bearish. Wait for a support break first.

Comment:

Thursday

Price has pushed through and reaching next resistance soon, if it pullsback from here it gives us a long opportunity else we are going sideways if resistance is hit first.

Comment:

Friday

Price should be going up or worst case sideways for today.