NZDCHF was emphatically rejected today near 0.6800 creating a new Channel Down on 4H (Highs/Lows = -0.0022, B/BP = -0.0038, ADX = 38.054). The imposing long term trend is bearish anyway within the larger 1D Channel Down (RSI = 40.209), which near its median is on neutral Williams, CCI, Highs/Lows. This will either pull the price lower starting now, or near...
Price has fallen over 150 pips now since breaking the key weekly TL, & has a lot of room to move down on the weekly timeframe. 0.67000 Key level support is broken, I will be watching for a pullback to reject this level as new resistance for another sharp selloff.
Currency Pair: NZD.CHF Time Frame: Daily, 4hr, 1hr & 5min Predicted Direction: Long 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.
NZD/CHF is near 7 months Low Price broke key level 0.6708 on H1 chart and H1 close upper that level. It is a good place for open market order. R:R is 1:6. Open buy near: 0.6708 S/L: 0.6680 T/P: 0.6946 P.S. Always use S/L and proper risk management because some time price can't be predictable.
Strong level of support looking to see if price can hold this zone
Price has now found support & its key daily uptrend line. Watching price action for signs of a reversal back to the upside.
The NZD/CHF currency pair has been trading in a descending pattern during the past two weeks. The exchange rate tested the dominant channel on June 14 and fell to a one-month low level. A strong resistance cluster set by the combination of the 55-, 100-, 200-, hour SMAs and the weekly and the monthly PPS located near the 0.69 regions has pushed the price lower. In...
A nice engulfing candle in D1 chart, and this week, CHF can be strong. We expect price can move down to 0.68 level
The New Zealand Dollar has gained momentum against the Swiss Franc since May 29. At the time, the Kiwi reversed from the bottom boundary of a medium-term wedge near 0.6820. The pair has been trading sideways along a downward-sloping trend-line which was formed early in April. It seems that the given line might be breached today. This should result in a...
Here is a test go into the zone, maybe it can prepare two plans to do.
D1 - Triple cycle down completed, price is currently trading at the 50% correction of the previous down move which is a strong resistance zone. H4 - We have a magnet zone based on the 50% fibo retrace zone of the daily triple cycle and the top of the bullish channel. Price has reached the magnet zone, we may now look for evidences of bearish pressure and then...
Long idea for the pair as price goes to retest demand zone. TP and next one.