Just spitballing my idea of how I think this pair will behave. Bullish slant: Looking to buy 0.68 break or dip into 0.653 off wedge support. Bear: Would sell 0.645 Range set: 0.634 () - 0.687 (Dec'15)
NZDCHF = NZDUSD + USDCHF (red line) i like NZDCHF short here because: NZDUSD overbought, USDCHF overbought
NZDCHF sell point: open and close below red box or touch D at ab=cd and close below red line
Good opportunity either way. Elliott Wave Study #1
we can see very clearly the formation of this beautiful triangle and are greedily to see its probably some upward break, no doubt a possible buying opportunity to break
BUY: 0.66089 SL: 0.66473 TP: 0.65451 Risk/Reward: 1.66
I am still bearish on NZD but will turn long at the 0.65 level.
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May be premature at the moment, but if we see some bearish price action at the 0.6710 to 0.6725 area, it could be seen as a lower low and hence good area to go short
Reversal candlestick at resistance level. Stochastics also reversing from overbought levels. Target ~0.6400
NzdChf seems to be recovering from weekly lows, I am going long here I am using DiNapoli indicators on my charts for the first time - so bear with me .. DiNapoli indicator predictor (gold_line) pointing up - price should follow this movement Price has moved above DiNapoli 3x3 (red line) and 25x5 (light green line) indicators I am long before the expected...
Lots of Movement on this paring. Many resistance levels offer abundant trading opportunities. Let me know what you think and if my analysis needs rethinking. Open to all types of response.
Hi traders, On the NZDCHF I am looking for a long entry the upcoming days. My reasons: Weekly support (please see below) Daily trendline continuation Previous daily structure Entry: 0.6452 Stop: 0.63315 Target 1: 0.6584 Target 2: 0.67658 Best of luck!