Price now above previous resistance now acting as new potential support. Watching for a break of the last fib region & downtrend line for a reversal back to the upside.
So, I love being long this pair because of the carry. Anyways, I actually have a technical reason to be in now. I jumped in early but we are really close to a confirmation. I'm watching overbought on the 15 min to add positions.
Im bearish on this pair. If 0.69 level can hold, we can see price move down to 0.675
Price is following a nice downtrend making lower lows & highs. I will be watching for a potential pullback to the 50 fib region or break of the counter trendline for entry for a new lower low..
The New Zealand Dollar has been weakening against the Swiss Franc in a steep channel down. This movement has been likewise bounded by a two-month channel. The pair tested the senior pattern last week and subsequently entered a minor period of consolidation. The pair’s positioning in the aforementioned senior pattern suggests that the Kiwi could eventually pick...
NZDCHF, Bat&SupportLine&AB=CD, 4H, BUY
NZDCHF is seeing major support at 0.6858 (Fibonacci extension, bullish harmonic formation, horizontal swing low support) and a strong bounce could occur at this level to push prices up to major resistance at 0.6929 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 2.7% where a...
NZD/USD NZD/JPY NZD/CHF NZD/CAD
Swiss frank, one of the strongest currencies of 8 majors, if not the strongest (as it has been in bullish uptrend since 1960) has gone through a period of consolidation (with bullish inclination) during recent years. Now after it reached the bottom of its consolidation channel, frank is going to go bullish next weeks. And after it has been cornered in a triangle I...
Price is bouncing back, hoping to reach resistance at .71, to follow the major daily trend
High volume appear. If price can close above 0.6987 level, It can move up to 0.71 level. ***Market analysis by BenelliFX***
It was noted that NZDUSD could be hunting higher highs. Our setup is supported by the following: > Multiple time frame trend analysis > Complemented divergence on H1. R:R > 1:7.8 Good Luck :-)
Breakout above resistance, I will be watching to see how price reacts to the upcoming barrier of resistance for a new potential higher high..
2618 Trade on NZDCHF Time will tell of the opportunity we see, patience is key. Hopefully you found this helpful! If so please like or comment, your feedback is appreciated!