NZD/CHF 4H Chart: Short-term decline expected

Source: Dukascopy Bank SA
4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)SellSellNeutral
SAR(0.02;0.2)BuySellSell
Aggregate

The NZD/CHF exchange rate has been declining within a descending channel since the end of July.  

From a theoretical perspective, it is likely that the currency pair could continue to trade downwards within the given channel in the medium term. Note that the pair could gain support from the monthly S1 and S2, located at 0.5996 and 0.5932 respectively. 

In the meantime, it is unlikely that bulls could prevail in the market, and the exchange rate could exceed the Fibo 50.00% at 0.6246.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.