NZDCHF is approaching our first resistance at 0.6722 (horizontal pullback resistance, 23.6% Fibonacci retracement, Elliot wave structure) and a strong reaction might occur below this level pushing price down to our major support at 0.6667 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with...
This is why I am looking at it like that. As long as it keeps following this pattern I can trade it. The next sell would be very nice if it makes a corrective move up.
NZDCHF is approaching our first resistance at 0.6720 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 0.6667 (horizontal swing low support, 100% Fibonacci extension, Elliot wave structure). Ichimoku cloud is also showing signs of bearish pressure in line with...
Trade setup: - Great run on the daily for NZD/CHF with some 1% up. - Retrace bound to happen, just being denied at previous resistance level. Reasons for trade Chart - Price overextended for a one day run, bound to retrace - Denied at previous resistance level, which coincides to be R2 on chart - Slight double top formation Oscillators - RSI sitting at...
NZDCHF was emphatically rejected today near 0.6800 creating a new Channel Down on 4H (Highs/Lows = -0.0022, B/BP = -0.0038, ADX = 38.054). The imposing long term trend is bearish anyway within the larger 1D Channel Down (RSI = 40.209), which near its median is on neutral Williams, CCI, Highs/Lows. This will either pull the price lower starting now, or near...
The New Zealand Dollar has gained momentum against the Swiss Franc since May 29. At the time, the Kiwi reversed from the bottom boundary of a medium-term wedge near 0.6820. The pair has been trading sideways along a downward-sloping trend-line which was formed early in April. It seems that the given line might be breached today. This should result in a...
I posted the sell setup on Nchf and tried to explain the possible scenarios and showed you the area it might buy from. well, it shot off the 50% retrace fib. I would just like to point out when they consolidate at a trend line like that on the daily, they usually break out... It has a pattern that could have gone either way near term. The weekly looked like...
The New Zealand Dollar has been weakening against the Swiss Franc in a steep channel down. This movement has been likewise bounded by a two-month channel. The pair tested the senior pattern last week and subsequently entered a minor period of consolidation. The pair’s positioning in the aforementioned senior pattern suggests that the Kiwi could eventually pick...
NZDCHF is seeing major support at 0.6858 (Fibonacci extension, bullish harmonic formation, horizontal swing low support) and a strong bounce could occur at this level to push prices up to major resistance at 0.6929 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 2.7% where a...
The long direction reatracement has finished. During the night the Long Term market pressure still negative (-1.1) Today the cross seems ready to start the dip The analysis of others NZD crosses confirms the downtrend of NZD. This analysis is based on market pressure. To know more about market pressure and receive a free daily hints for all crosses visit...
Price is bouncing back, hoping to reach resistance at .71, to follow the major daily trend
NZD/CHF is extending upside after bouncing off 200-DMA at 0.6930, bias higher. Price is hovering around 78.6% Fib retrace of 0.7094 to 0.6737 fall at 0.7018, breakout above will see further upside. Technical studies are supporting further gains in the pair. RSI is above 50 levels and biased higher. Stochs are showing a rollover from oversold levels and we see +ve...
Price is retesting the trend line and rejected the 50% Fib level.
Basing this trade off the major trend. Price hit a major support at .694 Price broke above minor support and has sustained that level. Prior daily candle was bullish engulfing the previous one