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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: 1-hour

EUR/CHF 1-hour Forex Chart
EUR/CHF 1-hour Forex Chart

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.

NZD/CAD: Daily

NZD/CAD Daily Forex Chart
NZD/CAD Daily Forex Chart

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.

Just make sure you use wide stops, aight? Currency crosses like these tend to see more volatility than the majors, so y’all make sure you don’t get caught in them whipsaws!

Forex Chart Settings:

Slow Stochastic: 14,3,3
100 SMA: Blue line
200 SMA: Red line