FXHighway
Short

NZDCHF: Clear negative formation hints short positions

FX:NZDCHF   New Zealand Dollar/Swiss Franc
37 0 1
Targets: 0.6945 - 0.6820
Risk: Above 0.7260

Technical reasons:

The pair is about to complete forming a head and shoulders’ pattern, its confirmation level is located at 0.7145, and breaking this level will activate the negative effect of the pattern.

This formation’s targets located at 0.6945 then 0.6820, and the risk limit for this position is above 0.7260.

The exponential moving averages 50 and 100 form negative pressure that supports the expected decline.

Stochastic heads downwards, and MACD is waiting to confirm a negative overlapping signal on the four hours time frame.

https://fxhighway.com/Technical.aspx
https://www.facebook.com/fxhighwaycom/
https://twitter.com/
https://plus.google.com/105427315961677289743/posts
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out