View On NZDCHF (11/05/2018)High volume appear. If price can close above 0.6987 level, It can move up to 0.71 level.
***Market analysis by BenelliFX***
Nzdchflong
NZD/CHF long setupNZD/CHF is extending upside after bouncing off 200-DMA at 0.6930, bias higher.
Price is hovering around 78.6% Fib retrace of 0.7094 to 0.6737 fall at 0.7018, breakout above will see further upside.
Technical studies are supporting further gains in the pair. RSI is above 50 levels and biased higher.
Stochs are showing a rollover from oversold levels and we see +ve DMI crossover on -ve DMI.
Break above 78.6% Fib finds next major resistance at 88.6% Fib at 0.7053.
On the flipside, we see strong support at 0.6960 (nearly converged 61.8% Fib and trendline). Weakness likely on break below.
We see bullish invalidation only below 200-DMA at 0.6930.
Support levels - 0.6990 (5-DMA), 0.6960 (nearly converged 61.8% Fib and trendline), 0.6930 (200-DMA)
Resistance levels - 0.7018 (78.6% Fib), 0.7053 (88.6% Fib), 0.71
Good to go long on break above 78.6% Fib) at 0.7018, SL: 0.6960, TP: 0.7050/ 0.71/ 0.7125
NZD/CHF longLooking for longs on nzd/chf too. Looks like I am going to trade only NZD next week. Lets see how it plays out. Waiting for a small pullback doe...
potential buy opportunity a trend reversal on a 4hr time frame is building and can be open towards some buy opportunities.
NZDCHF - LONG Hey guys,
I'm going to give another try with this NZDCHF -0.86% long trade since I got stopped out last one. The wave count has change and it looks wave 5 has ended and found support. I will long this trade as directed in the chart. Please see chart for more details and comment down below if you have any question or suggestion.
NZDCHF HAS BROKEN 4 HR FUNNEL BULLISH WEEK COMINGBULLISH WEEK AHEAD W A 200 PIP TP WEEKLY BULLISH MOVES EXPECTED SO LETS SEE IF WE BREAK WEEKLY RESISTANCE ALONG W THE W TL
NZDCHF - Potential Bat Pattern forming on H4 ChartA potential bullish bat pattern is completing very soon with RSI at oversold level.
PRZ is also at a good support level.
However, we still need to see some price or RSI retracement upon pattern completion to decide.
R:R at about 1.7. Good luck and have a good week ahead.
Long NZD/CHF breakout above 200W SMA Technical Analysis:
- The pair has broken above 200-DMA at 0.6944 after breakout at major trendline resistance.
- We see price action has broken out of daily cloud which is now strong support at 0.6927.
- RSI strong above 60 levels and rising.
- ADX above 25 levels and rising, +ve DMI dominance seen.
- 200W SMA at 0.7015 is major resistance, break above will see further upside.
Support levels - 0.6944 (200-DMA), 0.6938 (5-DMA), 0.6927 (cloud top)
Resistance levels - 0.6998 (50% Fib retrace of 0.7290 to 0.6706 fall), 0.7015 (200W SMA), 0.7067 (61.8% Fib), 0.7117 (July 13 and Aug 15 high)
Good to go long on break above 0.7015, SL: 0.6940, TP: 0.7065/ 0.7115/ 0.7140.
NZD/CHF long setupNZD/CHF is consolidating bounce off major trendline support, holds break above 20-DMA at 0.6898.
Kiwi is extending stellar quarterly NZ employment report led gains, while a big beat on the Chinese services PMI data for October also lends support to the antipodeans.
Technical studies support upside in the pair. RSI and Stochs are biased higher.
MACD is showing a bullish crossover on signal line and bullish divergence on RSI keeps scope for upside.
Price action currently struggling to break 50-DMA resistance at 0.6938. Break there finds next bull target at 0.7004 (200-DMA).
On the flipside, we see weakness in the pair closes below 20-DMA support at 0.6898.
Support levels - 0.6898 (20-DMA), 0.6882 (5-DMA), 0.6790 (trendline)
Resistance levels - 0.6938 (50-DMA), 0.70 (converged 100 & 200-DMA), 0.7020 (trendline)
Goo d to go long on break above 0.6938, SL: 0.6890, TP: 0.70/ 0.7020
NZDCHF - Potential Bat Pattern on H1 ChartA bullish bat pattern is about to complete.
R:R at 1.3 (TP1) and 2.1 (TP2).
Long term LongLooking at the pattern weekly pattern on NZDCHF looks to be an opportunity for a long term long.
nzdchf longgot signal,looking like good ress line that price cant break so its very good chances to get a up trend.
