Whether you like trading short and long-term trades, I got yo back with these nice and simple forex trade opportunities on EUR/CHF and NZD/CAD. Check it!
EUR/CHF is consolidating around the 1.1425 area, which isn’t surprising since the area of interest has been serving as support and resistance for the pair since late September.
Will today’s retest lead to a bounce for the euro? Buying at current levels would give you a good reward-to-risk ratio especially if you aim for the 1.1500 resistance.
If you’re one of them euro bears, though, then you could also wait for a break below the rising channel and aim for a dive down to the 1.1375 or even the 1.1320 support areas.
Here’s one for my comdoll-trading homies out there! NZD/CAD just popped up a bearish candle around the .8600 major psychological handle that’s also right smack at the falling channel and 100 SMA resistance levels on the daily time frame.
Think the Kiwi is about to extend its losses against the Loonie? A short trade at the earliest signs of bearish momentum would give you tons of pips especially if the paid drops back to its .8325 support.