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Nzdchfanalysis

NZDCHF Long OpportunityHey, if you like this idea be sure to support with a like and a follow. Here is my analysis for NZDCHF for the upcoming week, wait for price to pullback to retest support and take a long up to the next resistance area . What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based Trading 1. CHECK THE NEWS! 2. WHAT IS THE OVERALL TREND? 3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 6. CHECK FOR DIVERGENCE.
Long
by bluesignalfx
NZDCHF - Forex Supreme When deciding on a Forex pair one must clearly be thinking: - What is the best currency (economy) to buy -Which is a 'suffering', weak currency (economy) to short For the first part I find NZD (the New Zealand Dollar) to be in the first category for a variety of reasons (good relations with China, data has been strong, Central Bank) For the second part I choose CHF (soft performance, low interest rates, yet not so volatile) Traded in a pair, NZDCHF looks right but what does the chart say? Well take a look: 2 support levels seem like a prefect entry. Let's see if it works! the FXPROFESSOR
Long
by FX_Professor
NZDCHF potential short opportunityStrong weekly bearish closure Daily chart - we are (still) in a uptrend and just retraced to 100% fib level (last place it can retrace too before breaking the structure), however we did gap on Sunday and the gap has not been filled yet, so can this go further down at least to fill the gap. H4 -currently under a downtrend. 30m chart - downtrend, started retracing and came back to retest previous level of support as potential resistance testing also the 61.8% fib level. lets see if it holds
Short
by Inacio_1998
Coming up… NZDCHF long .. the week of 10 May, 2021This pair has been mostly bullish since May2000 but is consolidating in a downward sloping channel since February this year. As you can see the channel structure is very clean and price has been respecting it both to the up and down side. Note also the area around 0.6480 that has been a good support. I am looking for price to come down to this area and if it holds, I will take a long position. It is possible that price will slice through to the downside in which case I will be looking to see if the channel structure holds again. Either way, I am of the opinion that the bullish trend will soon resume. The levels above to watch will be 0.6610 and then 0.6740 that was the previous high. I like to trade with the trend so will be waiting for such an opportunity to present itself. If the support zone and the channel fail to hold price, the next area of interest will be the 0.63160 region. If you like my analysis please give it a “thumbs up” and follow me to get immediate notifications. As always, please use sound money and risk management in all your trades.
Long
by Trading_Vista