Technical Overview of EUR/NZD, GBP/CHF and NZD/CAD Currency Pair
EUR NZD
The EUR traded higher against the NZD and closed at 1.7028.
The pair formed a Motherbar Insidebar
The pair is stalling @ yearly Pivots
The yearly Pivots is same as Previous Quarter Pivot
The pair is stalling @ Resistance Quarter
The Pair is forming Series of HH and HL
Scenario
1- A break above the Yearly pivot Followed by a Low-Volume Test may from a bullish Trend
2- A break below MResQ1 may lead the pair downward
According to the Analysis, The pair is expected to find support at 1.69899, and a fall through could take it to the next support level of 1.69516. The pair is expected to find its first resistance at 1.70580, and a rise through could take it to the next resistance level of 1.70878.
EUR NZD Previous Day range was 68.1 and Current Day Range is 79.8.
GBP CHF
The GBP traded higher against the CHF and closed at 1.315.
The pair formed a Motherbar Insidebar.
The pair is stalling @ Res1 yearly Pivots.
The pair is stalling @ Resistance1 Quarter.
The Pair is forming Series of HH and HL.
Scenario
1- A break above the Yearly Res1 Followed by a Low-Volume Test may from a BEARISH Trend.
2- A break above MResQ1 may lead the pair UP.
According to the Analysis, The pair is expected to find support at 1.31221, and a fall through could take it to the next support level of 1.30944. The pair is expected to find its first resistance at 1.31987, and a rise through could take it to the next resistance level of 1.32476.
GBP CHF Previous Day range was 76.6 and Current Day Range is 45.8.
NZD CAD
The NZD traded lower against the CAD and closed at 0.8853.
The pair formed a Motherbar Insidebar.
The pair is stalling @ Res1 yearly Pivots.
The pair is stalling @ support 1 Quarter.
The Pair is forming Series of LH and LL.
Scenario
1- A break above the Yearly Res1 Followed by a Low-Volume Test may from a BEARISH Trend.
2- A break above high of Motherbar then may lead the pair UP.
According to the Analysis, The pair is expected to find support at 0.88325, and a fall through could take it to the next support level of 0.88121. The pair is expected to find its first resistance at 0.88831, and a rise through could take it to the next resistance level of 0.89133.
https://xtreamforex.com/academy/technical-overview-of-eur-nzd-gbp-chf-and-nzd-cad-currency-pair/
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