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7 Dimension Analysis For NZDCHF 🕛 TOPDOWN - Navigating a Bearish Market with Strong CHF Dominance Overview: CHF stands as a dominant force in the forex market, consistently overpowering NZD according to historical data. A crucial breakdown in the monthly structure, especially in August, has placed this pair in a post-breakout scenario for the past four months, signaling a looming substantial selloff. On the weekly chart, the market is in a bearish buildup, struggling to surpass previous high levels and experiencing rejection from a significant supply zone. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Initial Impulsive 🟢 Inducement: A noteworthy move from the point of interest, followed by a deep pullback completed with an Institutional Funded Candle (IFC). 🟢 Internal Structure: Liquidity sweep indicates a strong reversal. Extremes in overbought conditions have been mitigated, signaling a strong sell. 🟢 Resistance/Supply Areas: Multiple confluences, including resistance, supply, distribution, and premier, are aligned, suggesting a potent reversal zone. 2️⃣ Pattern 🟢 CHART PATTERNS Descending Triangle: Signaling bearish continuation. Shakeout Continuation: Supporting the bearish bias. 🟢 CANDLE PATTERNS Key Observations: Record session count with five consecutive bullish candles, ending with shrinking long wicks. Inverted Hammer and gravestone Doji, indicating indecision and potential reversal. Climax player activity is notable. 3️⃣ Volume Spread Analysis (VSA): Indicates a high number of sellers at the current point. 4️⃣ Momentum RSI: 🟢 Momentum State: Bullish to sideways. 🟢 Range Shift: Bullish to sideways with loud moves, suggesting a 90% likelihood of further downside. 🟢 Loud Moves: Completed their cycle, preparing for further downside. 🟢 Overbought Rejections: Count of 1. 🟢 Grandfather Father Son Entries: 50% probability setup. 5️⃣ Volatility Bollinger Bands: 🟢 Bands above the middle band. 🟢 Squeeze initiating volatility compression. 🟢 Head fake done with the upper band. 🟢 W pattern completed. 🟢 Band Puncher at the upper band, a powerful reversal signal. 6️⃣ Strength - ROC Values: Equal at the point. ✔️ Entry Time Frame: Daily ✅ Entry TF Structure: Bearish ☑️ Current Move: Impulsive ✔ Support/Resistance Base: Extreme OB rejection. ☑️ Candles Behavior: Bearish long wicks, gravestone Doji. ☑️ Trend Line Breakout: Awaiting confirmation. ☑️ Final Comments: Waiting for a sell signal. 💡 Decision: Short this pair upon tomorrow's open on trend line breakout and H1 churn. 🚀 Entry: 0.5375 ✋ Stop Loss: 0.5529 🎯 Take Profit: 0.50 2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 1:5 🕛 Expected Duration: 60 days SUMMARY: The analysis maintains a bearish perspective, emphasizing potential for a substantial selloff. The strategy involves shorting the pair upon confirmation of a trend line breakout, with various indicators aligning to support the bearish bias. Considerations include multiple confluences at resistance areas and the completion of a W pattern at the upper Bollinger Band, reinforcing the expectation for a downward move.
Short
by Optimum369
1
NZDCHF I Bullish breakout and possibly headed toward resistanceWelcome back! Let me know your thoughts in the comments! ** NZDCHF Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
NZDCHF Long Term Buying Trading IdeaHello Traders In This Chart NZDCHF HOURLY Forex Forecast By FOREX PLANET today NZDCHF analysis 👆 🟢This Chart includes_ (NZDCHF market update) 🟢What is The Next Opportunity on NZDCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
NZDCHF Long Term Selling Trading IdeaHello Traders In This Chart NZDCHF HOURLY Forex Forecast By FOREX PLANET today NZDCHF analysis 👆 🟢This Chart includes_ (NZDCHF market update) 🟢What is The Next Opportunity on NZDCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
NZDCHF Long Term Buying Trading IdeaHello Traders In This Chart NZDCHF HOURLY Forex Forecast By FOREX PLANET today NZDCHF analysis 👆 🟢This Chart includes_ (NZDCHF market update) 🟢What is The Next Opportunity on NZDCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
NZDCHF Long Term Buying Trading IdeaHello Traders In This Chart NZDCHF HOURLY Forex Forecast By FOREX PLANET today NZDCHF analysis 👆 🟢This Chart includes_ (NZDCHF market update) 🟢What is The Next Opportunity on NZDCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
NZDCHF Long Term Buying Trading IdeaHello Traders In This Chart NZDCHF DAILY Forex Forecast By FOREX PLANET today NZDCHF analysis 👆 🟢This Chart includes_ (NZDCHF market update) 🟢What is The Next Opportunity on NZDCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
NZDCHF Short =Swiss National Bank+Gold up+DXY DOWNSwiss National Bank’s Took on Credit Suisse Crisis The SNB carried out its monetary policy assessment just 4 times per year, half the number of policy meetings that the Fed has scheduled for 2023. For the upcoming SNB meeting, markets had expected another hike of 50-basis points (bps), following the central bank’s hikes last year totalling 175bps. Yet, the Credit Suisse saga that’s unfolding in the SNB’s own backyard, noting the irony of Switzerland’s long-held stature as a banking haven, adds a dramatic dimension to the press conference by SNB President Thomas Jordan next week. Also May inflation figures from China will impact market risk sentiment and the pairings. Wholesale inflation numbers for April signaled weak demand, with the producer price index falling by 3.6% year-over-year. Economists forecast the producer price index to decline by 2.8% in May, which would support a pickup in demand. However, a more marked fall in the producer price index would weigh on riskier assets and the AUD/USD and NZD/USD pairings. Eying the US session, there are no US economic indicators to shift the mood following the jobless claims on Thursday. However, the Kiwi would need the inflation numbers from China to support a breakout.
Short
by DaveBrascoFX