In the fast-paced world of forex trading, monitoring currency pairs and indices' movements is a crucial aspect of making informed decisions. Recent developments have brought attention to the NZD/CHF currency pair and the GER30 index. With the NZD/CHF hitting its target and the GER30 poised for intraday action, traders are closely watching for potential opportunities.

The GER30 Performance 

As mentioned, we are looking to trade the exhausted area of the movement below 15882.28. The next pivot point within the dominant structure is at 14643.28. We have taken the range and produced two main Targets. There was a trendline to see whether the price respects the zones, and a break happens as well as a retest. We saw the daily close below 15882.28 again giving us the signal that the levels below are attractive to investors. We wait for the price point of 15779.08 intra-day to create another low for further follow-through.

• Target 1 is at 15265.00
• Target 2 is at 14643.28

The NZDCHF Performance

Take Profit has been achievable on this pair. The descending triangle as well as the major trend gave price action to the downside. We now wait for price formulation at the support area 0.52986. An update on the next move will be given in a couple of days.

The GBPCHF Performance 

Price has been consolidating on the monthly and weekly timeframe. Support seems to have been found at price point 1.11233. We wait for the outer and inner trend to break as well as resistance level 1.11769. Once we get a daily timeframe close above all these technical objects, the target in sight is at price points 1.13049 (TP1) & 1.14148 (TP2).

Read More: Traders Are Bullish On The Pound

Final Thoughts On Today's Analysis

The forex market is constantly evolving, presenting traders with new opportunities to profit. With the NZD/CHF achieving its target, attention now turns to the GER30 index and its potential intraday price action. Successful trading requires a combination of sound analysis, risk management, and staying informed about global events that can impact the markets. Traders who remain vigilant and adaptable can seize opportunities as they arise on the GER30 and other instruments. Watch our YouTube channel to learn more about our analysis.