NZD/CHF is extending upside after bouncing off 200-DMA at 0.6930, bias higher. Price is hovering around 78.6% Fib retrace of 0.7094 to 0.6737 fall at 0.7018, breakout above will see further upside. Technical studies are supporting further gains in the pair. RSI is above 50 levels and biased higher. Stochs are showing a rollover from oversold levels and we see +ve...
Price is retesting the trend line and rejected the 50% Fib level.
Basing this trade off the major trend. Price hit a major support at .694 Price broke above minor support and has sustained that level. Prior daily candle was bullish engulfing the previous one
Looking for longs on nzd/chf too. Looks like I am going to trade only NZD next week. Lets see how it plays out. Waiting for a small pullback doe...
Technical Analysis: Bias Bearish - RSI and Stochs are biased lower, RSI below 50 - MACD shows bearish crossover on signal line - -ve DMI crossover on +ve DMI - Upside capped at 20-DMA (0.70) Support levels - 0.6933 (200-DMA), 0.6916 (cloud top), 0.6865 (61.8% Fib) Resistance levels - 0.7003 (20-DMA), 0.7025 (5-DMA), 0.7066 (Jan 23 high) Good to go short on...
The New Zealand continued to extend its gains against the Swiss Franc during the first part of April. It peaked near the 0.7125 mark on April 13 prior to pushing back down to 0.6950 where the breached senior channel and a junior one are situated. Meanwhile, technical indicators are located in the oversold territory. This suggests that the prevailing bearish...
Price now at support, where I will be watching for a break & retest of support to go short or a pullback for potential entry.
NZDCHF Pretty sure of this one plenty of room below on the daily as well We'll see i spose
NZDCHF broke out of the double top pattern. Cheers!
Thumbs up and follow me for a possible short could be in play here at the top of the channel and with an ETP-1 pattern. Will need to make sure it happens in the 1.13 time extension and will check sonar but could be a possible position but will look again as price gets higher up. Should scale in too..
NZDCHF Sell Idea @ Daily Supply Zone (0.70891 - 0.71444) Sell Limit: 0.70868 Stop Loss: 0.71481 Take Profit: 0.69862
Right now we are on a strong S/R daily line where many past reversals occurred, and on top of that we have confluence with a monthly triangle that has been respected really well. Last week the price tried to break the triangle but it fell back into it. The price may be looking to retest the 0.70260 zone and go higher because it haven't done that yet and the market...
hi guys NZDUSD Gartley pattern study dont try... Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I 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 for your...
NZDCHF has touched the monthly resistance, i think we are near a good retracement, the target is the green line, stop loss very tight!