I've been shorting this one on the pull backs. On the 4H, daily and Weekly it's still looking bearish. My ultimate goal is to short until .66212, but we will see how it plays out over the coming weeks.
There isn't much daily volume behind any upward movement which is normally required for a strong upwards trend, I think it will go back down in the near term.
Look for sell setup on NZDCHF
NZDCHF is approaching our first resistance at 0.6947 (horizontal swing high resistance, 100% extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.6825 (100% Fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is also approaching resistance where we might see a...
Hey guys. I think the photo describe it best. Price has broken the upside area but currently retracing, perhaps due to US bank holiday yesterday. There's a potential Buy opportunity here. My target Entry zone is around 6860 which is the last swing high (higher low, HL). TAYOR Do share your thoughts in the comment section. All comments will be appreciated. Thank...
We are staying short on the NZDCHF south of this major resistance level
NZDCHF is approaching our first resistance at 0.6947 (horizontal swing high resistance, 78.6% fibonacci retracement, 100% extension) where a strong drop might occur below this level pushing price down to our major support at 0.6825 (horizontal swing low support). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading...
Pattern: 1D Ascending Triangle. Signal: Bullish after a bounce on the Higher Low. Target: 0.6900 primarily and if another pull back occurs then 0.69200.
Its forming a triple roof, so this might be a great time to sell this pair, but be aware of the SL and the TP.
NZDCHF is approaching our first resistance at 0.6947 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.6779 (horizontal swing low support, 38.2% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a...
NZDCHF is approaching our first resistance at 0.6947 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur to our major support at 0.6779 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance. Trading CFDs on margin carries high risk....
Hi there. Price has formed a reversal pattern at the top of the pattern for one more move down. Watch strong price action at the current price for sell.
NZDCHF is approaching our first resistance at 0.6945 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.9278 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we...
it should be break the triangle & it seem too break from down
We are looking to short the NZD CHF around mid 9400 + 600 Pips for the patient trader
NZD/CHF retraces above 20-DMA, intraday bias bullish. Technical studies have turned bullish. Scope for test of trendline resistance at 0.69. Breakout at 0.69 will accentuate upside. Next major resistance lies at 0.6939 (Dec 4 high). On the flipside, the pair finds immediate support at 20-DMA at 0.6843. Break below 55-EMA negates bullish bias. Support levels -...