NZDCHF, Huge Flag-Formation Established, Continuation Ahead!

10 thg 8, 2020

Hello Traders Investors And Community,

Welcome to this analysis about NZDCHF 4-hour timeframe perspective which is currently forming some interesting signals indicating a possible continuation since the flag confirmed.

In my chart you can see that NZDCHF just reached the middle-term-target which is marked in orange where it now bounced as people taking profit there can come a marginal rally testing remaining resistance levels on validity. Since the price moved below the 100- and 200-EMA marked in green and black these two EMAs serving as important resistance and when they do not confirm as those the price can probably move to confirm the lower boundary of the flag-formation a second time which will give the go for more bearish downside pressure when the resistance will validated. Overall there is still the full-bear-flag-target marked in light-blue intact which will be reached when NZDCHF continues with downside pressure after closing below the middle-term-bear-flag-target when NZDCHF has reached this targets it has to be elevated if a reversal is possible there or if the pair sets up the bearish continuation.

In this manner, thank you for watching the analysis, support for more market insight and all the best my friends.
"Trading effectively is about accessing possibilities, not certainties."

Information provided is only educational and should not be used to take action in the market.