NZD/CHFShort
NZD/CHF - clear breakout for a potential bearish momentum!
Hi guys we would be looking into NZD/CHF today.
Current Trend: Bearish 📉
NZD/CHF is showing signs of continued downside momentum, with price action indicating a weakening New Zealand Dollar against the Swiss Franc. The pair is trading below key moving averages, confirming a bearish bias.
Key Technical Indicators:
Resistance Levels: 0.5250, 0.5300
Support Levels: 0.5180, 0.5150
50 & 200 EMA: Price is trading below both, reinforcing a bearish trend.
RSI (Relative Strength Index): Below 50, signaling bearish momentum.
MACD: Bearish crossover, indicating downside continuation.
Trade Setup:
Entry: Sell below 0.51480
Take Profit: 0.50800 (extended target)
Stop Loss: 0.5270 (above recent resistance)
Market Sentiment & Fundamentals:
Risk-off sentiment supports CHF strength.
NZD weakness driven by softer economic outlook and lower commodity prices.
Swiss Franc benefits from safe-haven demand.
💡 Conclusion: The bearish trend remains intact, and selling on retracements near resistance zones could offer good risk-reward opportunities. Keep an eye on global risk sentiment for additional confirmation. 🚨
Current Trend: Bearish 📉
NZD/CHF is showing signs of continued downside momentum, with price action indicating a weakening New Zealand Dollar against the Swiss Franc. The pair is trading below key moving averages, confirming a bearish bias.
Key Technical Indicators:
Resistance Levels: 0.5250, 0.5300
Support Levels: 0.5180, 0.5150
50 & 200 EMA: Price is trading below both, reinforcing a bearish trend.
RSI (Relative Strength Index): Below 50, signaling bearish momentum.
MACD: Bearish crossover, indicating downside continuation.
Trade Setup:
Entry: Sell below 0.51480
Take Profit: 0.50800 (extended target)
Stop Loss: 0.5270 (above recent resistance)
Market Sentiment & Fundamentals:
Risk-off sentiment supports CHF strength.
NZD weakness driven by softer economic outlook and lower commodity prices.
Swiss Franc benefits from safe-haven demand.
💡 Conclusion: The bearish trend remains intact, and selling on retracements near resistance zones could offer good risk-reward opportunities. Keep an eye on global risk sentiment for additional confirmation. 🚨
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my Telegram community for Forex trading insights, real-time news, educational content and friendly support. Let's grow and succeed together! -
t.me/Capital55DG
t.me/Capital55DG
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.