FxPro - Analytics

FxPro

761.75 6.25/10
89% of positive reviews
Real

NZDCHF Wave Analysis – 01 April, 2019

NZDCHF Wave Analysis – 01 April, 2019
  • NZDCHF reversed from resistance area
  • Likely to fall to 0.5600

NZDCHF recently reversed down from the pivotal resistance level 0.5800 (this is the 6th consecutive downward reversal from this resistance level), intersecting with the 50% Fibonacci correction of the previous weekly downward impulse from February.

The downward reversal from this resistance area started the active short-term correction B of the ABC wave (2).

Give the strength of the daily downtrend – NZDCHF is likely to fall further toward the next support level 0.5600.

NZDCHF reversed from resistance area Likely to fall to 0.5600


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree