NZD/CHF SHORT FROM RESISTANCE
Hello,Friends!
NZD/CHF pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.541 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NZDCHF
NZDCHF - Bullish continuation ✅Hello traders!
‼️ This is my perspective on NZDCHF.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I expect bullish price action from here after price rejected from bullish order block + institutional big figure 0.54000.
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Falling towards 38.2% Fibonacci retracement support?NZD/CHF is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 0.53942
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.53448
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Take profit: 0.54482
Why we like it:
There is a pullback resistance level
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NZD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
The BB upper band is nearby so NZD-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.538.
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NZDCHF in the first half of 2024A glimpse of the NZDCHF in the first half of 2024
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NZD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
Bearish trend on NZD/CHF, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.537.
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NZD/CHF BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
Previous week’s green candle means that for us the NZD/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.535.
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NZDCHF Will Go Down! Sell!
Here is our detailed technical review for NZDCHF.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.538.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.534 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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NZDCHF - 1H - Long PositionIn this chart we have observed a Bearish Continuation pattern making LH & LL . But there is Bullish Divergence spotted which give us the signal of potential reversal towards bullish trend. So we have placed entry point above the LH level as it breaks we take an entry and we put SL & TP accordingly.
NZDCHF - Already Over-Bought ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NZDCHF has been overall bullish , trading within the rising channel in blue.
However, it is currently approaching the upper bound of the channel again acting as a non-horizontal resistance.
Moreover, it is retesting a strong resistance zone at 0.55 - 0.552 marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline.
📚 As per my trading style:
As #NZDCHF approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDCHF Is Going Down! Sell!
Here is our detailed technical review for NZDCHF.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.546.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.543 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Dark Clouds above the Swiss Alps ... and the economy.Quick question:
Which Swiss export sector is the only one that has so far kept its head above water relatively well and did not have to report a decline in sales in the second quarter of 2023?
Write your answer in the comments!
(No cheating please!;)
That the Swiss economy runs like a (Swiss) clockwork was once upon a time.
As predicted in my CADCHF trade idea, dark clouds are gathering over the skies of the alps and also over the Swiss economy.
- Manufacturing PMIs have now fallen to their lowest level (38.5!) since the 2008 financial crisis.
The Swiss economy is thus following its big neighbour to the north -> good old Germany.
-> One of the main reasons for this is the too strong Swiss franc, which is hurting Swiss exporters and even the otherwise so crisis-proof pharma industry.
-> There is exactly one institution that could change this in no time:
Which is still propping up the CHF with billions.
Which is the only G10 central bank that has already managed to push inflation below the 2% mark (as I already predicted in February).
This institution with the 3 letters could weaken the CHF to give the Swiss export economy at least a little breathing space.
Could.
Will it do so?
I am sure we will be smarter by September ;)
Until then, it will rain regular updates here... with the reliability of a Swiss clockwork.
Buying NZD/CHF (New Zealand Dollar vs Swiss Franc)FX:NZDCHF NZD/CHF: Bulls Roaming Free in the Land of Watches
A break above 0.53718 could trigger an upward spiral for NZD/CHF.
First target is 0.54500, followed by 0.55300 - be ready to lock in profits at these levels!
R emember:
Watch out for the market whales! Stay tuned for economic news and events.
Manage your risk wisely. Don't go all-in - enter with a small position size.
This is just a suggestion, always do your own research before entering any trade
Sell NZDCHF Rising WedgeThe NZD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a rising wedge pattern. This pattern, despite an initial upward angle, is often seen as a bearish reversal signal.
Key Points:
Rising Wedge Breakout: The price has been trading within a rising wedge pattern characterized by converging upward trendlines. While the initial trend appears bullish due to the rising trendlines, this pattern can often be a bearish reversal signal. The recent break below the lower trendline signifies a potential confirmation of a downtrend continuation.
Sell Entry: Consider entering a short position around the current price of 0.5425, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: The initial bearish target lies at 0.5390, which represents the support level before the wedge formation. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the wedge, ideally around 0.5445. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
NZDCHF Set To Grow! BUY!
My dear friends,
Please, find my technical outlook for NZDCHF below:
The instrument tests an important psychological level 0.5394
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.5411
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NZD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
The BB upper band is nearby so NZD-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.533.
✅LIKE AND COMMENT MY IDEAS✅
NZDCHF Technical Analysis! SELL!
My dear followers,
I analysed this chart on NZDCHF and concluded the following:
The market is trading on 0.5426 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.5407
Safe Stop Loss - 0.5434
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK