FFP Weekly Projection (10/18/2020 – 10/24/2020) 💱

See which currency pairs we look forward to trading, this week, at Forex Free Press!

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NZDCAD: FFP Weekly Projection
NZDCAD (4h)

⬇️ NZDCAD has been in a downtrend since September 18, 2020.
⬇️ It appears as if there is a wedge forming, with the overall price making its way downward.
💪 Price is near a strong support zone (~0.87048), which it has respected a few times. Price breaking past this zone may be a good indication that we will continue to see downward movement.

We will be waiting until price breaks past, and retests on, the ~0.87048 zone, at which point we will be looking forward to SELLING.

CHFUSD: FFP Weekly Projection
CHFUSD (4h)

⬆️ CHFUSD has been making its way upward since March 20, 2020.
💪 Price is near a strong resistance zone (~1.1051), which it has respected a few times. Price breaking past this zone may be a good indication that we will continue to see upward movement, for at least a short time.

We will be waiting until price breaks past, and retests on, the ~1.1051 zone, at which point we will be looking forward to BUYING.

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