Giving the fact that CHF has performed strongly throughout the year, NZD weakness indicates a long term sell opportunity. Please trade with proper risk management.
Bias: Long 1, Bat Pattern on Daily Time Frame 2, D point at monthly support region (H4 and Daily TF) 3, RSI Divergence 4, D Point also 61.8% of previous Bullish Impulse 5, Falling Wedge near D point on lower timeframe
NZDCHF - Psych Line - Daily Fib - W on 4H - Major Confirmation
GARTLY FORM ON NZDCHF D1 TP... 0.67535... SL.... 0.65500
Entry on close of 4H Bullish Engulfing SL 5 pips below the low TP at 3%
NZDCHF buy set up - Buy from daily zone (blue) up to resistance trend line. Support trend line is currently favouring Daily zone in terms of entry. Going back in histroy Daily zone holds quite well with numerous touches making it a very good support area.
Have a look at the main chart where the monthly TF shows the price confined in a long term triangle pattern which has been respected on numerous occasions, especially the upside trendline of the triangle. The EMA 50 has been respected too in this case and shall the monthly candle close below the 0.67000 level, we have a very good chance that this price will likely...
NZDCHF remains anchored in a downtrend as highlighted by the 55 SMA Slope. The Kiwi sunk to a fresh yearly low last week, after the RBNZ cut interest rates. With risk sentiment deteriorating in the face of broken down trade talks between the US and China, Kiwi upside is likely to be limited. We favour shorts on pullbacks towards short-term resistance levels.
NZD weighted index on the 12H time frame, we can see the market has tapped off a previous zone of reversal while creating convergence on MACD, and creating an inverted head and shoulder formation. Seeing as NZD and AUD move the same way, and both currencies look very bullish, I expect NZD to gain strength across the board for the next month or so. @PipsOfPersia t.me
nzdchf has reached weekly zone (purple) and is in line with ascending trendline which has shown very big moves to the upside.
Broken Support and retested as resistance. I am shorting this pair hoping the downward trend to continue
Long Term Short Opportunity. Setting up to be a Historic Swing low.
NZDCHF BUY set up - Market has reached a strong up trend line thats been going strong since Sept 2018. I've posted a video on Freedom Traders telegram showing the analysis for this pair and multiple TP options on this trade. Video topics - Trend line Trade TP options Worst case scenario My final verdict Telegram link - t.me