NZD/CHF 4H Chart: Decline in sight - Trade Pattern Ideas - Dukascopy Bank
Tue, 20 Nov 2018 07:48:51 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD (12; 26; 9)
Sell
Buy
Sell
RSI (14)
Neutral
Neutral
Neutral
Stochastic (5; 3)
Buy
Neutral
Sell
Alligator (13; 8; 5)
Sell
Buy
Neutral
SAR (0.02; 0.2)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇘
Bullish sentiment has been dominating the New Zealand Dollar versus the Swiss Franc since the middle of September. This bullish momentum began after the currency pair reversed from the bottom border of a long-term descending channel at 0.6300 on September 19.
The exchange rate breached the weekly S1 at 0.6820 during the morning hours of Tuesday's trading session.
Everything being equal, it is likely that the currency exchange rate continues to make its temporary retracement towards the lower boundary of an ascending channel pattern at 0.6674 during the following trading sessions.
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