on the nzd/chf set up, I see both a bearish and bullish set up. on the weekly, it showing a massive bearish trendline with confluence of a resistance zone which is shown on the 1d/4hr chart. Price seems to respect the resistance zone by forming a double top and should hopefully forming another one as well if price decides to create that. however, price seems...
2:1 risk reward, head and shoulders, trade to the neck line for safety.
Analysis -NZDCHF looking bearish after showing signs of reversal after buyers pushed price up into resistance, wherein sellers stepped in and pushed price down before the daily candle close. -The price action resulted in a daily candle pinbar setup AT RESISTANCE which is a bearish sign. -On the 1H time frame, price just broke a bullish trend to the downside....
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for sell.
As you see deposite the last NZDCHF raise it still in a downtrend so I Support selling it from this zone
Symbol: NZD.CHF - New Zealand Dollar / Swiss Franc Timeframe: Weekly, Daily and 4 hour Predicted Direction: Short NZD.CHF - New Zealand Dollar / Swiss Franc updates will be available in the comments section below.
NZDCHF is approaching our first support at 0.6714 (horizontal overlap support, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6789 (38.2% fiboancci retracement). Stochastic (89,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level....
Good day everyone, As we can see NZDCHF has been on a good rally from the .66 zone and now looks like its losing momentum. Now lets be clear, im not calling a short position, not yet, the price can just be consolidating and making a throwback before the rally goes on. As we can see, despite the price is reaching some resistance zone now (W timeframe), we can...
NZDCHF is approaching our first support level at 0.6714 (horizontal overlap support, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6789 (38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on...
NZDCHF reversed off its resistance where we expect to see a further drop. NZDCHF reversed off its resistance at 0.69194 (61.8% Fibonacci extension , 61.8% & 76.4% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 0.6651 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap...
Landing on support on daily with confluence of support on 240, 200 ema