💡Don't miss the great buy opportunity in NZDCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6406).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 66.
Take Profits:
TP1= @ 0.6476
TP2= @ 0.6504
TP3= @ 0.6542
TP4= @ 0.6575
TP5= @ 0.6620
SL= Break below S2
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Nzdchflong
NZDCHF facing bullish pressure, potential for further upsideNZDCHF is currently facing bullish pressure from ascending trendline, in line with horizontal swing low support, 127.2% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push up towards horizontal swing high resistance in line with 127.2% Fibonacci extension and 127.2% Fibonacci retracement. If prices push down further, prices might take support from horizontal swing low support in line with 127.2% Fibonacci retracement. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
NZDCHF - The next Swing Project!Hello Fellow Traders, Here is a Full 4H Mapping Analysis For NZDCHF .
The Best way to follow my Analysis is if the following conditions apply.
Conditions -
1. Wait for the Market to Show you some Rejection / Confirmation / Direction
2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance)
3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND )
4.Always Use Risk Management (Risk 1% of your capital)
5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation)
6.Trade at own risk.
7.Show some support Below (Like , Comment , Follow & share)
Let Me know if you have any Questions or Comments Below
Happy Trading & Goodluck!
See You in the next Analysis!
Global Fx Education
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.
NZDCHF, 4hr tf, Wave-V breakdown
Previously our buy got stopped out at entry.
I still hold bullish bias in this pair so i am going to enter buy once again from here.
We could still see NZDCHF make another impulse to complete the bigger picture Wave-V which will consist of 5 sub waves.
For now we will aim for take profit around 0.6740 area.
Buy NZDCHF 0.6540
Stop loss 0.6490
Take profit 0.6740 (4R)
Use only 1-2% risk
Good luck
NZDCHF - Bullish BiasNZD - BULLISH
1️⃣ Supported by a weaker US dollar and a better employment report for Q1 in New Zealand continues to provide support to the NZD.
2️⃣ April's housing data revealed that the government's steps to curb the housing bubble have yet to have the desired impact , the latter is set to be closely scrutinized.
CHF - BEARISH
1️⃣ Risk-on tone weighing on the safe-havens CHF.
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Technical
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We are buying the NZDCHF at support + above SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
NZDCHF: there is the potential to go back upcan be observed with the formation of existing flags visible, it can be indicated that the price will return to move upwards. If we look at the supply and demand, it can be seen that the price is already there to react to the demand area, then the potential for a return to rising will still be there.
in the formation of the existing structure is created, with the formation of this flag then the potential for impulsive movement again due to a small decrease in the current that has occurred indicates this is only as a corrective movement only to resume the movement to go up.
NZDCHF - BULLISH BIAS=====
MARKET OUTLOOK
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NZD - BULLISH
1️⃣ Supported by a weaker US dollar and a better employment report for Q1 in New Zealand continues to provide support to the NZD.
2️⃣ April's housing data revealed that the government's steps to curb the housing bubble have yet to have the desired impact, the latter is set to be closely scrutinized.
CHF - BEARISH
1️⃣ European stock markets traded at all-time highs on Monday, amid optimism about the reopening of economies and as a weaker-than-expected US jobs report raised expectations that central bankers will not be tightening monetary policy anytime soon.
2️⃣ SNB is maintaining its expansionary monetary policy.
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TECHNICAL
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- We're buying this pair on RBS area + SMA50 area with stop loss below trendline on H1 chart.
NZDCHF, 4hr tf, buy on 61.8% retracementTrade ideas for NZDCHF by Hardi
Looks like this setup now ready to be taken.
I've shared about NZDCHF when price finally broken above the deacending trendline. Right now price retracing around 61.8 fibonacci level which is a level i was waiting to take buy position.
This trade might take some times to play as our plan as it spend 2 months in the correction phase.
Buy NZDCHF 0.6540
Stop loss 0.6470 (70 pips)
Take profit 0.6840 (300 pips)
Use only 1-2% risk
Good luck
NZDCHF is facing bullish pressure, potential for further upside!Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push up further towards 1st resistance in line with 161.8% Fibonacci retracement and 161.8% Fibonacci extension. If prices fall through 1st support, prices might take support on 2nd support which is in line with 127.2% Fibonacci retracement and 127.2% Fibonacci extension. EMA is also below prices, showing a bearish pressure for prices.