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ForecastCity
Jan 19, 2021 5:58 PM

💡Don't miss the great sell opportunity in NZDCHF Short

FX:NZDCHF240
New Zealand Dollar/Swiss FrancFXCM

Description

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Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.635).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.

Take Profits:
TP1= @ 0.6300
TP2= @ 0.6265
TP3= @ 0.6235
TP4= @ 0.6185
TP5= @ 0.6110

SL: Break Above R2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsNZDCHFNZDchf
Comments
yusufipek1989
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That's right. Totally agree
ForecastCity
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@yusufipek1989, Thanks for your nice comment.🌹
Best_Forecast
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yes, it's an interesting idea. Thanks
ForecastCity
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@Best_Forecast, You're welcome 🌹
Kristalyn
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It's nice and very detailed idea. 😊 Thank you
ForecastCity
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@Kristalyn, You're welcome. 🌹
Chibuike_Odoh
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Breakdown below the ascending trendline support. Good analysis 👍
ForecastCity
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@Chibuike_Odoh, Thanks.🌹 We hope you enjoy it.
Pro_Trader_007
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It's outstanding! 👏
ForecastCity
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@Pro_Trader_007, Thanks for your support.🌹
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