FX.co ★ tyshawn.legros | NZD/CHF

In the currency market, in the context of the NZD/CHF cross-rate, on the lower wave level of the H1 time frame, there is a possibility of completing the formation of a corrective structure c(ii). This assumption is based on a multi-timeframe comprehensive analysis, including Elliott Wave Analysis (EWA), the dynamics of the MACD histogram (Moving Average Convergence Divergence), and the positioning of Smoothed exponential moving averages with periods of 55, 89, and 144. The probability of technical and wave analysis models being implemented is also taken into account. The most likely model adopted for the second wave is a "regular flat". Therefore, there is a significant probability of transforming this model into a more likely "expanded flat of the second type" construction. Entry points into the market are not yet determined.