• NZDCHF approaching support, potential bounce!

    NZDCHF is also approaching our first support at 0.644 (horizontal overlap support, 38.2% Fibonacci retracement, ascending channel support) and a strong bounce might occur above this level pushing price up to our major resistance at 0.6514 (horizontal swing high resistance, 61.8% Fibonacci extension). Stochastic (34,5,3) is also approaching support and we might see a corresponding […]

  • NZDCHF approaching resistance, potential drop!

    NZDUSD is approaching our first resistance a 0.6511 (horizontal pullback resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.6444 (horizontal overlap support, 50%, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop […]

  • NZDCHF approaching resistance, potential drop!

    Price is approaching our first resistance at 0.6722 (horizontal pullback resistance, 23.6% Fibonacci retracement , Elliot wave structure) and a strong reaction might occur below this level pushing price down to our major support at 0.6667 (horizontal swing low support, 100% Fibonacci extension ). Ichimoku cloud is also showing signs of bearish pressure in line […]

  • NZDCHF seeing major support, potential for a nice bounce!

    NZDCHF is seeing major support at 0.6858 (Fibonacci extension, bullish harmonic formation, horizontal swing low support) and a strong bounce could occur at this level to push prices up to major resistance at 0.6929 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 2.7% where a corresponding bounce could occur. […]