Hello,Friends! We are targeting the 0.527 level area with our long trade on NZD/CHF which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NZDCHF chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! NZD/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 4H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.529...
The price of NZDCHF will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair. ❤️ Please, support our work with like & comment! ❤️
NZDCHF is on a strong Support from 2020 may be a great long until 0.55. Longer TPs are possible targets too! But something is, we are in a strong support, regardless; Might counce back to: Weekly 200 EMA too!
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the NZDCHF pair which is likely to be pushed down by the bears so we will sell! ❤️ Please, support our work with like & comment! ❤️
🕛 TOPDOWN - Navigating a Bearish Market with Strong CHF Dominance Overview: CHF stands as a dominant force in the forex market, consistently overpowering NZD according to historical data. A crucial breakdown in the monthly structure, especially in August, has placed this pair in a post-breakout scenario for the past four months, signaling a looming substantial...
Hello,Friends! NZD/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.531...
Consider entering a long position on the NZD/CHF pair at 0.53160 with a stop loss set at 0.51933. This trade reflects a potential upward movement based on my analysis strategy. The risk-reward ratio stands at approximately 1.9, offering a favorable balance between potential gains and losses. Monitor market conditions and be prepared to adjust the position accordingly.
Hey Traders, in today's trading session we are monitoring NZDCHF for a buying opportunity around 0.52800 zone, NZDCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.52800 support and resistance area. Trade safe, Joe.
Upon analyzing the four-hour time frame, if the price can break the downward trendline, we can predict that the price will move towards the resistance zone at 0.53800. If the price can break out of the support zone, we can anticipate the price to move towards the support zone at 0.51994.
Hello,Friends! Bearish trend on NZD/CHF, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.528. ✅LIKE AND COMMENT MY IDEAS✅
Hey Traders! Here's an exciting update: We're looking at a promising bearish opportunity, with a target of at least 5283, and potentially even more. The market trend seems firmly bearish, and we've got an engulfing candlestick pattern confirming our entry point. The recent daily rebound off the 50-day moving average indicates that sellers are still active. Plus,...
NZDCHF - Classic bullish formation - Our team expects growth SUGGESTED TRADE: Swing Trade Buy NZDCHF Entry Level - 0.5283 Sl - 0.5261 Tp - 0.5336 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
✅NZD_CHF went down and Up sharply and is now retesting A horizontal resistance level Of 0.535 from where I think We will see a local move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Take a look at our analysis for NZDCHF. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.528. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.533 level soon. P.S Please, note that an oversold/overbought...
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too. ❤️ Please, support our work with like & comment! ❤️