FUNDAMENTAL ANALYSIS
( Comparing the historical health, stability, growth and value of a country's currency to current and/or future
expectations to help make higher probability trading...
This has retraced back to resistance as expected, now there is the opportunity to short. If we see this rebound from this resistance and MACD remain below 0 and EMA's do not cross higher then this will drop. Target is 9.02671 where this should find support and bounce higher.
Pattern: Channel Up.
Signal: Buy as the MACD on the 1D time-frame made a bullish cross, while the price is finding Support around the 1D MA200 and the Higher Low trend-line of the Channel Up.
Target: 4.2500 (inner Higher Low trend-line).
Most recent CHFPLN signal:
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Pattern: Triangle on 1D.
Signal: (A) Bullish if the Lower Highs trend-line breaks, (B) Bearish if the Higher Lows trend-line breaks.
Target: (A) 0.6300 (the Resistance), (B) 0.6000 (the Symmetrical Support).
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Most recent NZDCHF signal:
Pattern: Channel Up on 1D.
Signal: (A) Bearish as long as the price trades within the pattern, being just below the Higher High trend-line, (B) Bullish if it breaks above.
Target: (A) 111.000 (just above the lower Support), (B) 118.000 (Just below the Sept 2018 Resistance).
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Pattern: Channel Up.
Signal: Bullish as the price is near the Higher Low trend-line of the Channel with a bullish MACD.
Target: 1.5140 (previous Higher High Resistance) and 1.5930 in extension (only if you want additional long-term risk).
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Pattern: Rejection on the 1.088 Resistance.
Signal: Bearish as the 1D MA50 has been broken and the MACD made a bearish cross.
Target: 1.000 (just above the Symmetrical Support).
