NZDCHF: Monthly map - Potential long term NZD weakness ahead
Informational chart only.
If we cross the level price sits at confidently, we might retest lower areas, around the 0.63043 mark.
I'll update with a shorter timeframe short entry.
Currently in the middle of a very strong decline with no pause.
Looks to be impulsive behavior after a long term consolidation.
The triangle in CCI is wild speculation, but makes me think this consolidation phase is over.
Among other factors, derived from observing multiple currency pairs.
If we cross the level price sits at confidently, we might retest lower areas, around the 0.63043 mark.
I'll update with a shorter timeframe short entry.
Currently in the middle of a very strong decline with no pause.
Looks to be impulsive behavior after a long term consolidation.
The triangle in CCI is wild speculation, but makes me think this consolidation phase is over.
Among other factors, derived from observing multiple currency pairs.
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