Hello Traders, welcome to the Daily Forex technical analysis. Today is August 28th, 2019 and we will be taking a look at the New Zealand Dollar against the Swiss Franc. Looking at the 1 hour time frame price action is currently making its way to a previous area of support near the .620 area. If price action can hold this region and not breakdown under the .620...
NZDCHF on a weekly uptrend? Let's find out... Above support ingulfing 1 day candle Way tor retrace >> BUY
Previously analyzed the Euro/Kiwi, using Price Action we were looking to go Long (Refer to my previous analysis on EURNZD) We have a 95% Negative Correlation to EURNZD therefore we see price express itself like 2 Positive Magnets. Price is moving in an extreme downtrend which isn't hard to analyze with naked forex. I'd be highly interested in finding a high...
NZDCHF is approaching its resistance at 0.63148 where it is could reverse down to its support at 0.62119. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Analysis team placed buy on USDCHF @0.9796 with 2 intra day targets on 21st August, 2019: TP1 @0.9806 TP2 @0.9821
Analysis team placed short on CHFJPY @108.472 with 2 targets on 21st August, 2019: TP1 @108.359 TP2 @108.288
Fundamentally right now NZDCHF is bearish, but however if things manage to calm down around the world like we have seen this weekend with trump easing off of his trade war, Hong Kong rally being peaceful, and the FED likely to cut rates further should drive up NZDUSD. This in turn allows for RISK OFF moves to allow NZDCHF to move further up as well. However, if...
If you know harmonics, then there is no explanation needed...
NZDCHF toco nuestra zona de reaccion esperamos que de largos
3 On Mt4 Hitting Trend Line Inverted Head and Shoulder Forming Morning Star 4Hr Divergence 3 On 4hr, Daily, Weekly, 2 On Monthly * Long Term Down Trend Daily, Weekly, Monthly Divergence * The only way it will hit SL if it breaks two trend lines, and a major support. Stop Loss could be set to .62350, I have it at 1 to 1 for a much higher chance of winning.
2019 - 480 Consecutive WINNING Trades $82,000+++