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Nothing much has happened with NZD/CHF in last few years as we are moving in an never ending ranging zones. On the weekly chart (see Figure 1) you can notice this trading range boxes on top of each other which are characteristic in this range environment and which clears further current price structure. Usually the top/bottom of previous range box provides support or resistance for the next trading box as old resistance has become new support and vice versa. But there are times when price do…
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NZD/CHF Trading Box Effect
Nothing much has happened with NZD/CHF in last few years as we are moving in an never ending ranging zones. On the weekly chart (see Figure 1) you can notice this trading range boxes on top of each other which are characteristic in this range environment and which clears further current price structure. Usually the top/bottom of previous range box provides support or resistance for the next trading box as old resistance has become new support and vice versa. But there are times when price do…
USD/CHF Trading Box Effect
Since SNB has introduced the 1.200 EUR/CHF peg, USD/CHF volatility has dropped to all time low and this has greatly impacted the price action. On the weekly chart this can be observed very clearly (see Figure 2) how even in the current year the market range has narrowed and become even tighter, roughly 400 pips. Usually during this slow periods price will continue consolidating until we'll break into a new trend.
Figure 1. USD/CHF Weekly Chart
On the daily chart (see Figure 2) w…