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Nzdchfanalysis

NZDCHF | Perspective for the new week | Follow-upIt has been a good ride since my last publication (see link below for reference purposes) has price cruised 180pips in our direction and it appears we shall be looking forward to Higher Highs in the coming week(s) as the structure continues to support a Bullish run. Tendency: Uptrend ( Bullish ) Structure: Reversal pattern | Supply & Demand | Double Top | Breakout Observation: i. I noticed that Fr0.64200 has served as either a Supply or Demand level in the last 30 days and this makes it an area to focus on in the coming week as price finally comes back after the Breakout (Retest). ii. Since the Breakout (@Fr0.64200) that happened during the first week of February 2021, the price has been going through a corrective phase. iii. Our duty at this juncture in the market is to seek the expiration of the correction and find a Demand level to join the rally. iv. Last week saw price form what looks like a Double Bottom; However, I shall be patient to seek confirmation as the price might decline to find 61.8/78.6% retracement of Leg AB (@Fr0.63900) before the rally begins. v. As we can see, we might be looking forward to the completion of a harmonic pattern (AB = CD) in the coming week(s) as Buyers gain momentum. vi. And for the cautious traders :) - a Breakout/Retest of Neckline @ Fr0.64500 might be a good signal for you... smiles. Trading plan: BUY confirmation with a minimum potential profit of 130 pips. Risk/Reward : 1:5 Potential Duration: 5 to 12 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
4
Watching and waiting .. will NZDCHF drop? 26 Jan 2021Price has arrived at the 0.6420 region again and as you can see this is an area of interest, especially for swing traders. NZD has been strong and CHF rather weak recently but as we all know that can change any time. Both options are possible, a break above or a reversal. As per my weekly chart I would say the long-term bias should be bearish and this region may be a reversal point once again. Price action on the H4 chart is supportive of my bias, but we need to see some real signs of reversal before we commit to a trade. I will be monitoring PA on H8/H12 for any signs that a short trade is viable. Obviously a strong break above the zone will negate my analysis and I would look for a pullback entry to go long. We could have a nice Multiple R trade either way. 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.
Short
by Trading_Vista
2
NZDCHF Short (Sell) Trade Setup IdeaPrice sliced straight through a sell zone where we were looking for a potential short and is now heading towards a slightly stronger supply zone. We wait to see if there will be good price action from this zone, signaling for a potential short opportunity. The two areas in the middle of lighter green are potential supports where you may want to book some profits but the stronger demand zone is at the very base of this move and would be our final targets.
Short
by AEFX786
NZDCHF 1H👋 Hello and welcome traders to another trade ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 💡 Why should you follow our profile on TradingView? 1- Consistent chart updates 2- Clean charts 3- Short and long-term perspectives 4- Visually teaches you valuable lessons 5- High probability setups 6- Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research. Thank you for reading, Cheers to many pips! 🤝
Short
by med-aaris
Short Opportunity For NZDCHF!!! Retesting 161.8% Fib Level...As you can see, we managed to see a nice 261.8% fib rejection with price heading all the way down. For now, we are seeing a short term BULLISH movement which I believe wil be a retest to 161.8% fib level before further BEARISH continuation. I have identified the supply zone as seen from my chart. I am expecting great BEARISH pressure at this zone. I will be expecting price to move till 0.6200 ish price level. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
1
NZDCHF | Perspective for the new weekWith 150pips in our direction since my last publication (see link below for reference purpose); It appears price is at a juncture in the market with a trading opportunity we can take advantage of. Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand Observation: i. Price has been hovering above my Key level @ Fr0.63250 since it's Breakout in December 2020. ii. As price continues to find Higher Lows, the tendency for a rally increases. ii. Looking forward to a retest of Key level in the coming week to hop in the uptrend continuation. iii. Should price enter Demand zone the fifth time, an engulfing Bullish candle from this level should be a signal to watch out for. Trading plan: BUY confirmation with a minimum potential profit of 170 pips. Risk/Reward : 1:4 Potential Duration: 7 to 15 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
1