H4 time frame. Structure: The downtrend has been broken. Waiting for confirmation of the uptrend, the possibility that the price will return to the support of 0.65000 and continue to have bullish patterns appear here. Profit target is 0.66000 and 0.67500 zone. ----------------------------------------------------------------------------------------------- Wish...
NZDCHF has formed a significant bearish engulfing on the daily time frame Entry at the 50% retracement level has been perfectly rejected 3 times. The bearish engulfing candle engulfed 5 previous candles. The daily time frame bearish engulfing candle closed Wednesday. SL set above engulfing candle high. TP set at 3X risk.
H4 time frame. Structure: Descending channel. After down to the 50-61.8 Fibonacci zone of the previous strong up move, divergence signals are now appearing. It is likely that from this price zone will appear reversal patterns. Wait for a buying opportunity when the price completes the reversal pattern or breaks the descending channel and has a confirmed by...
NZD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the RBNZ At their October meeting, the RBNZ delivered on market expectations and raised the OCR by 25-basis points to an OCR of 0.50%. As the 25- basis point hike was already fully priced in, the fact that the bank did not provide any new additional information saw a textbook...
H2 time frame. Structure: Downtrend. The price formed a retracement wave and retested the 0.64500 resistance. After forming a new high, the price immediately down sharply with the upward momentum also weakening. Waiting for a candlestick pattern to appear, NZDCHF can be sold. The profit target is the 0.63600...
NZD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the RBNZ New Zealand’s Zero Covid strategy caused quite the rigmarole for the NZD before the RBNZ’s last meeting as market participants were forced to unwind aggressive expectations for rate hikes going into the meeting. The unwind was so aggressive that OIS prices dropped from a 100% chance of a...
The Swiss government has announced that it has signed a contract with Johnson & Johnson for 150,000 doses of the Covid-19 vaccine. Delivery of the doses is expected next week. Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea...
H1 time frame. Structure: Downtrend. After a strong move down to create a new bottom forming a downtrend, the price of NZDCHF is showing signs of retesting the previous support at 0.64500. Wait for another retest to this price, then you can look for selling opportunities. The profit target is the 0.63700 and 0.62400...
NZD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the RBNZ New Zealand’s Zero Covid strategy caused quite the rigmarole for the NZD this week as market participants were forced to unwind some of their very aggressive expectations for rate hikes going into the meeting. The unwind was so aggressive that OIS prices dropped from a 100% chance of a...
H1 time frame. Structure: The bullish structure is broken. Price breaks Key level at 0.65000. Currently, the price is forming a small accumulation area retest Key level has just been broken. If the price breaks out of this consolidation area, confirming the downtrend, selling with targets at 0.63500 and 0.62600 is...
NZDCHF broke uptrendline Pair is trading in downtrend Price is below key level at 0.6500 Price is below HVN at level 0.6528 which indicates that pair is in distribution phase Below SMA 100 RSI is below level 50 It's expected the continuation of bearish momentum to target 61.8% Fibonacci level at 0.6367
Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price is inside DESCENDING CHANNEL and also gave a BREAKOUT. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be...
NZD FUNDAMENTAL BIAS: BULLISH 1. Developments surrounding the global risk outlook. As a high-beta currency, NZD has benefited from the market's improving risk outlook over recent months as participants moved out of safehavens and into riskier, higher-yielding assets. As a pro-cyclical currency, the NZD enjoyed upside alongside other cyclical assets going into...
If we see a price break above 0.6570 level, and the ascending triangle, we could see further bullish momentum up to the channel resistance.
It seems we may have head and shoulder in the end of the recent bullish trend.
FX:NZDCHF I think it will pull back as the downtrend is far above and returning from the resistance point. ENRTY -> 0.65000 - 0.65200 TP1 -> 0.64580 TP2 -> 0.64200 TP3 -> 0.63650 TP4 -> 0.63000 SL1 -> 0.65450 SL2 -> 0.65680
NZD FUNDAMENTAL BIAS: BULLISH 1. Developments surrounding the global risk outlook. As a high-beta currency, NZD has benefited from the market's improving risk outlook over recent months as participants moved out of safehavens and into riskier, higher-yielding assets. As a pro-cyclical currency, the NZD enjoyed upside alongside other cyclical assets going...
NZD FUNDAMENTAL BIAS: BULLISH 1. Developments surrounding the global risk outlook. As a high-beta currency, NZD has benefited from the market's improving risk outlook over recent months as participants moved out of safehavens and into riskier, higher-yielding assets. As a pro-cyclical currency, the NZD enjoyed upside alongside other cyclical assets going...