NZDCHF: The price up to the MAIN WEEKLY RESISTANCE!
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🟢Forex Pair:
NZD/CHF
⚪Technical Analysis:
On the 28th of Janury 2021, the price reached the main trendline and it got a strong bullish impulse, moving quickly up, breaking through the daily S/R zone at about 0.64300.
It is currently following the same uptrend without any sing of weakness and it will probably reach and re-test the main weekly resistance zone.
🔴Conclusion:
This is clearly an interesting impulse and I'm confident to see soon an upcoming trend correction once the price will eventually reach its main weekly resistance area.
Only if the price will get a rejection on the level at about 0.65250, I'll start 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,
Gianni
🟢Forex Pair:
NZD/CHF
⚪Technical Analysis:
On the 28th of Janury 2021, the price reached the main trendline and it got a strong bullish impulse, moving quickly up, breaking through the daily S/R zone at about 0.64300.
It is currently following the same uptrend without any sing of weakness and it will probably reach and re-test the main weekly resistance zone.
🔴Conclusion:
This is clearly an interesting impulse and I'm confident to see soon an upcoming trend correction once the price will eventually reach its main weekly resistance area.
Only if the price will get a rejection on the level at about 0.65250, I'll start 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,
Gianni
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