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NZDCHF

NZDCHF 31st OCTOBER 2022The pressure on China's economic growth is feared to have an impact on other countries that are struggling to recover their economies. One of the countries threatened is New Zealand. The offshore yuan depreciated toward 7.3 per dollar, at risk of weakening further to new record lows as downbeat Chinese PMI data added to an already dim outlook for the world’s second-largest economy. The country’s official manufacturing PMI unexpectedly declined to 49.2 in October from 50.1 in September due to softening external demand and disruptive Covid restrictions that hit production, while services sector activity contracted for the first time since May.
Short
by DNP-FX
NZD/CHF Short opportunityGood Short opportunity. After getting rejected at the top of the parallel channel that contained all the rally of the NZD, the prices pushed in an impulsive manner before rallying and getting rejected from the 0.5-0.618. I see a good short opportunity in the short term with the target being 0.5555 and for the stops we could either be very agressif by placing a stop right above the 0.618 retracement or be safe by placing the stop at the beginning of the current wave 1.
Short
by torgato92
2
NZDCHF H4Hi traders, NZDCHF is setting up for a downside move i am expecting from price to come around our mentioned pattern completion area and looking price action on the top for a short position opportunity, if price drop from the current area and break 0.55091 level without hiting our mentioned entry level then this setup will be invalidate. If you are taking this trade so please i request you trade with your according strategy do not depend on my analysis, this analysis is just a scenario and i would love to be wrong GOOD LUCK.
Short
by TheLoserMan
1
NZD CHF ANALYSIS hello traders I will share an accurate analysis of the NZD CHF Using waveform analysis and smart money strategy First, the wave analysis The main motive wave is to the downside and now the price is correcting and the correction is still not completed. We have a strong bullish wave and a bearish wave in the form of an ABC pattern. I have to have another strong upward wave Secondly, Smart Money The price was moving in a downtrend and is lower high and lower low Then there was a change in behavior and a higher high . universe Then it is equal high and represents the liquidity, and we have confirmation of price reversal from the block of orders where the price was lower high and lower low and there was a change in behavior and the price was higher high and higher low By 90%, the price is heading to break the level of 0.57000
Long
by ARABTRADERX45