Categories: Technical analysis

NZDCHF Wave Analysis – 14 November , 2018

  • NZDCHF rising inside impulse wave 5
  • Further gains are likely

NZDCHF continues to rise inside the short-term impulse 5 which started earlier from the support area lying at the intersection of the key support 0.6750, 200-day moving average and the upper trendline of the daily up channel from September.

The active impulse wave 5 belongs to the medium-term impulse wave C of the longer-term ABC correction ② from September.

NZDCHF is expected to rise further and re-test the next resistance level 0.6950 (target price for the completion of the active impulse wave C).

 

NZDCHF

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The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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