Here we have NZDCHF on the Daily time frame. Over the last week and a half this pair has been shooting to the moon and I believe its time for a retracement. Price couldn't push through and stay above quarter level 0.675 giving us a failed quarter transition. I see price returning to around the halfway point between quarter level 0.675 and 0.65. Around the...
Just as with AUDCHF we have been trading this market long successfully and now we are approaching a key resistance up at 0.6720 with 1.618 Fib extension confluence. This market is almost mirror imaging AUDCHF and could be traded instead of the AUDCHF pair. Again counter-trend traders here could look for short opportunity back into key highs. Look for double top...
EXPECTING NZDCHF TO REVERSE BEFORE WE CONTINUE UPWARDS SO JUMP IN See previous analysis SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
Please note, all information presented here is for educational purposes only and is not intended to provide financial advice.
Hit a key monthly 61.8% retracement level. With last weeks candle closure and h4 forming a potential double bottom, and h4 divergence signifying a potential reversal, this is a counter trend trade looking to take into the next significant daily/monthly pivotal level and next significant structure.
NZDCHF (Long at half your normal risk, place other half risk on NZDUSD - next idea)
CoT Reports show NZD commercials at all time highs in Long contracts giving us the reason to look for the NZD long trades. Looking to this pair we discussed how it broke out of a key resistance a closed above. Looking for the long trades, the set up on the 4hr timeframe didn't meet our rules and taking a step back to look at the higher timeframe the market may...
butterfly on NZDCHF and we expect bearish for short term then bullish to midterm decline line.
The New Zealand Dollar against the Swiss Franc has been moving in an ascending channel since the beginning of September. The currency pair bounced off its lower boundary of the channel on September 7 and followed by an upside wave. The exchange rate opens above the monthly pivot point at 0.6444 during Friday’s trading session. Therefore, bullish momentum could...
NZDCHF is approaching its support at 0.6511 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 0.6619 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (21, 5, 3) is approaching its support at 5% where a corresponding bounce could occur.
NZDCHF is approaching our first support at 0.6501 (Horizontal overlap support, 38.2% fibonacci retracement, 61.8% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 0.6610 Horizontal swing high resistance, 38.2% fibonacci retracement). Stochastic (21,5,3) is also approaching support and we might see a...
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
NZDCHF -0.07% has been on our watchlist for a while now and looks to be setting up nicely with the break and close above the key daily support of 0.6500 last week. The 4hr timeframe is printing an uptrend creating the higher highs, higher lows. Typically in a trend the market will re-test areas of structure as it moves higher and as we can see we have a 38.2 fib...
NZDCHF has been on our watchlist for a while now and looks to be setting up nicely with the break and close above the key daily support of 0.6500 last week. The 4hr timeframe is printing an uptrend creating the higher highs, higher lows. Typically in a trend the market will re-test areas of structure as it moves higher and as we can see we have a 38.2 fib sitting...