The NZDCHF appears to have some upside potential as the 9-period MA is currently approaching the 20-period Bollinger Band MA.
If it crosses it, the next Resistance level appears to stand at 0.6844 , with another strong Resistance at 0.6867 .
In the event that is does cross the Bollinger Band MA, the it is expected to move down with next Support level...
Currency Pair: NZD.CHF
Time Frame: Weekly, Daily & 4hr
Predicted Direction: Short
NZD.CHF updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We,Genesis Trading...
NZDCHF is approaching our first support at 0.6788 (horizontal overlap support, 23.6%, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6896 (76.4% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (21,5,3) is also approaching support and we might see...
Currency Pair: NZD.CHF
Time Frame: Daily, 4hr & 1hr
Predicted Direction: Short
NZD.CHF updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
This pair is starting to show some signs of bearishness after running into the long-term down trendline.
After nearly hitting 80 on the RSI (which shows some level of overbought), it now shows a bearish divergence which hints at further price weakness.
Hence there is a high chance we will be seeing some correction.
H4 - We may now expect pullbacks to happen from the current zone.
Once the pullback completes itself, we may then expect the price to provide one more push higher towards the critical zone.
Once the price reaches this critical zone, we may then start looking for sells with bearish evidences.
- Price action above cloud and major moving averages
- The pair has bounced off strong support at 0.6730 (nearly converged 21-EMA and 200-DMA)
- Momentum studies are bullish, RSI is at 71 with strong upside bias
- MACD is on verge of bullish crossover on signal line
- 5-DMA is immediate support at is sharply higher
Support levels - 0.6841 (5-DMA), 0.6817 (61.8%...
Hi guys, as you can see this pair has been moving about a resistance zone. There are only two scenarios in which we can take a trade on this pair for this week. We might see a possible double top formation and go short or we might get a break above this resistance zone and then wait for a retest for some possible trend continuation opportunities!
Good luck and...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Daily chart is displayed above
As you can see in my chart analysis, the price of NZDCHF is approaching this Daily resistance zone and we should be expecting a sell soon.
I would say continue to watch!
Nchf is pulling up off the 618 retrace (zone), which wouldn't have been a bad place to buy, but it looks to have completed a contracted running flat.. The yellow line is the 38% retrace, which would better line up trend lines for an ending pattern should it reverse, were it to break the low.
