An Elliot wave outlook on nzdchf shows we may be seeing a leading diagonal as our wave (I) and an expanded flat as our wave (ii).
we expect a sell from the current region to complete wave 3.
we target around 0.59000 region
Welcome Back.
Please support this idea with LIKE if you find it useful.
***
The New Zealander is still in a downward trend that may reach the support of the aforementioned channel, so if it is broken, it will continue to decline because it is a descending channel.
***
Here is the full analysis for this pair, let me know in the comment section below if you have...
The trend for NzdChf is down and the pair just reached the confluence resistance at around 0.61
I expect the pair to roll back down and a sell trade targeting 0.5950 zone could also have a good R:R
In my previous analysis, I said that the price had bounced from strong support line and after break strong level, it was going to reach resistance line.
This forecast came true.
Today the price has come to the resistance line from Julie 2020.
I expect the price to fall towards the support line.
This tells us a good sell signal.
The expected TP is at the support...
Price is currently at a 4H resistance zone. Look out for a reversal pattern on a lower time frame once price respects this zone and does not break through it. Happy trading!
Hello everyone and our Elite traders
NZDCHF currency pair is showing BUY performance, while daily sellers were slaped. Last swing from the whole price action story is showing strong buyers performance for overall trend idea.
If we are looking closely from H4 timeframe, you can see price get to the next decisional point. This gave us to targets based from next...
Welcome Back.
Please support this idea with LIKE if you find it useful.
***
The kiwi is still in a positive bearish channel, in case it does not break it, so it will at the present time be sold according to the scenario that you set.
***
Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will...
We opened a sell position for NZD/CHF, because the price is ranging in a downward channel. We will be aiming for around 70 pips for this one.
Like and comment to support the idea!
NZD/CHF has been within a bearish weekly trend since mid-June, with price creating lower highs on the daily timeframe. More recently, price has seen a bullish return into a zone of confluence that includes sloping resistance from the weekly, daily and 4H timeframes. This zone of confluence would lead us to the conclusion, that the latest bullish run is a pullback...
NZDCHF managed to gave us several short opportunity previously trading with the trend. Currently, price is moving back to the trend resistance level where we can see that NZDCHF has been obeying its BEARISH trend with no form of breakout as of now. As it is moving on a downtrend and obeying greatly this trend resistance line, I do not see any form of breakout as...
NZDCHF is trading on a key daily level.
that level matches perfectly with a strong 4h/1h structure resistance.
on hourly time frame, the price has formed a double top formation on that and broke below its minor support.
now it is a retest phase.
I expect a drop from the current price levels.
goals:
0.6019
0.6
Hi dear traders
I hope you to have a powerful start and great week !
In this pair I believe in 0.5 Fibo support line.
and also in the RSI i can find this area as a support area for this pair so im going to start a long one.
+ i found some divergence which is marked with red lines.
Please comment and tell me if im wrong im trying to learn more and more.
Good...
Exactly like its twin, AudChf, NzdChf is trading in a downtrend.
0.61 should provide strong resistance for this pair and a dive to 0.59 can have a 1:3 R:R
Sell rallies close to 0.61 is my strategy
