Technical Overview of EUR/CHF, NZD/USD and GBP/CHF Currency Pairs

EUR CHF

The EUR traded higher against the CHF and closed at 1.1392.

1- Mother bar @ Middle Quarter Resistance 2
2-The top is the 786 Level retracement
3- The D1 Trend line has also broken. Indicating a Bearish Movement

Scenario 1:  If there is a bearish breakout of Mother bar followed by a test with low volume then we may see an AB= CD pattern, With D point in confluence with the Middle Quarter Resistance 1.

Scenario 2: If there is a bullish breakout above the yearly Pivot with a low volume retest then we may see a new Impulse leg which then extend or make a Double Top.

According to the Analysis, The pair is expected to find support at 1.13750, and a fall through could take it to the next support level of 1.13577. The pair is expected to find its first resistance at 1.14244, and a rise through could take it to the next resistance level of 1.14565.

Previous Day range was 49.4 and Current Day Range is 23.9.

NZD USD

NZD USD

The NZD traded higher against the USD and closed at 0.662.

1- H4 Mother bar @MSup1Q1
2-The 61% Level retracement

Scenario 1:  If there is a bearish breakout of Mother bar followed by a test with low volume then we may see an AB= CD pattern, With D point in confluence with the Msup1Y1 & Msup1Q1.

Scenario 2: If there is a bullish breakout above the yearly Pivot with a low volume retest then we may see a new Impulse leg which then extend or make a Double Top. 

The pair is expected to find support at 0.65978, and a fall through could take it to the next support level of 0.65754. The pair is expected to find its first resistance at 0.66608, and a rise through could take it to the next resistance level of 0.67014.

NZD USD previous Day range was 63 and Current Day Range is 27.5.

GBP CHF

GBP CHF

The GBP traded higher against CHF and closed at 1.3278.

1- An Effort candle followed by climax candle.
2- Formed candles @ the  previous month resistance.
3- Followed by no demand no supply.
4- Followed by vpoc with  low volume.

Scenario 1: If the pair  retraces to the no demand no supply area with low volume then we may see a downward movement.
Scenario 2: If we see a bullish breakout then we will need further conformations to go long.

According to the analysis, pair is expected to find support at 1.32556, and a fall through could take it to the next support level of 1.32332. The pair is expected to find its first resistance at 1.33018, and a rise through could take it to the next resistance level of 1.33256.

GBP CHF previous day range was 46.2 and current day range is 50.1.

For Detailed Technical Analysis of Currencies visit YouTube channel of Top Trading Firm XtreamForex.