NZDCHF: A possible DOUBLE TOP Market Reversal (Signal)

FX:NZDCHF   New Zealand Dollar/Swiss Franc
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🟢Forex Pair:

Technical Analysis:
Since the end of December 2020, the price has been following a clear uptrend until the main resistance zone at about 0.64350, getting a second rejection on the 26th of January 2021.
During this long period, the price reached few times its daily trendline and it is currently re-testing the same level.
The next price action around that zone will be essential to understand the next trend direction.

Few weeks ago, the price reached an important weekly resistance zone that rejected it many times is the past.
I believe that we could see an upcoming market reversal and I'll be waiting for a breakout of its trendline before planning my short position on this trade.

Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!

⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️

Trade Safe and Responsibly,


we are still above the daily support if we will manage to break below, then we can definitely melt, and I will join the move :)
+1 Reply
FXtrades-gp transparent-fx
@transparent-fx, all right! thanks for your opinion, I'm glad to receive a feedback from you! I think you're italian as well!
Let's see the next price action, it has currently got a nice opposite rejection!
Similar thoughts...All the best!!
+1 Reply
@abel11, regards! :)
Nice analysis
+1 Reply
FXtrades-gp Babenski
@Babenski, thanks a lot babenski! :)
simply brilliant
+1 Reply
FXtrades-gp Investroyllc
@Investroyllc, oh, I'm so glad to hear that! :)
Super clean set up mate. keep up the good work!!!@
+1 Reply
FXtrades-gp Fisher_Fx
@Fisher_Fx, thank you so much :)
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