NZDCHF SELLThis is NZDCHF 4H timeframe analysis, i'm expecting the market to start selling from where it is at a moment.
Nzdchfsetup
NzdChf- to "see"0.65?Since the March low, NzdChf traded upwards and now is trading above 0.63 resistance
More important is that the pair seems to press on short term resistance and a break looks imminent.
In this case, the pair have a clear road to 0.65 zone
The medium-term trend is clearly bullish now and only a drop and close under 0.62 would alter this
NzdChf- 0.61+ tells a storyThe long-term trend for NzdChf is bearish and after recovering from this spring lows the pair is ready to resume its downwards trajectory.
Last week NzdChf tried to reconquer 0.61 but without success and we have 4 longtailed candles in this zone (2 being clear pin bars)
I favor short positions with a SL above 0.6160, as for target 0.5950 support could be a good place for TP
NZDCHF ANALYSISAn Elliot wave outlook on nzdchf shows we may be seeing a leading diagonal as our wave (I) and an expanded flat as our wave (ii).
we expect a sell from the current region to complete wave 3.
we target around 0.59000 region
NzdChf- sell with good R:RThe trend for NzdChf is down and the pair just reached the confluence resistance at around 0.61
I expect the pair to roll back down and a sell trade targeting 0.5950 zone could also have a good R:R
NzdChf outlookExactly like its twin, AudChf, NzdChf is trading in a downtrend.
0.61 should provide strong resistance for this pair and a dive to 0.59 can have a 1:3 R:R
Sell rallies close to 0.61 is my strategy
Forex Trading For Beginners, Nzdchf Analysis Monitor price action for setups, wait for confirmation always according to your strategy.
NZDCHF (19.10.2020) SELL TRADE IDEA BY SABAH FOREX#NZDCHF
ENTRY 0.60396
SL. 0.61067
TP1 0.60061
TP2 0.59725
TP3 0.59390
TP4 0.59055
BELUM ADA AKAUN? Boleh buka akaun under broker liteforex kat sini www.sabahforex.com.my
NZDCHF Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of NZDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 41 - 06 Oct
M > Market is moving in a downward channel with few breakouts. Price moved up to test previous support now turned monthly resistance and faced rejection.
W > We can notice that price is facing rejection from supply zones that turn into resistance. Price moved up to face rejection in 1st week of June and supply zone created in last week of June turned into resistance for price in August and September. Price is now at supply zone.
D > We saw a W formation and price dropped till neck to complete the formation and moved up. Price is now at daily supply level. We expect price to drop to test demand zone as 1st target.
As per COT NZD saw addition of few Long and more Short reducing net positions, confirming weakness of NZD for the said week. ZXY improved its position last week. CHF saw closure of Long and addition of few Short positions reducing net positions. SXY was very weak for the said week. SXY was strong last week.
4H > Price is continuing to create HH and HL and we need to wait for reversal confirmation for trend to turn bearish.
Pair Correlation > NZDCHF has positive correlation with NZDCAD, NZDUSD and AUDCHF and negative correlation with EURNZD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions.
Thank You
AP17FX
NZDCHF - SWING - 01.OCT.2020Good day guys..
Multi timeframe analysis
Hour-01
Bullish engulfing
Series of HH HL HH patterns
Upside pressure
Price above 200 EMA
Price above Ichimoku cloud
HOUR-4
Price above .618 Fibonacci
Strong bullish candle
Strong rejection around 0.60500
Price above 200 EMA
Price above Ichimoku cloud
DAILY
Strong bullish engulfing
Price above 200 EMA
Price above Ichimoku cloud
RSI above 50
Upward pressure
NZDCHF-SWING TRADE
BUY @ 0.61150
TP @ 0.62750
SL @ 0.59800
(Don't risk more than 1% of your capital)
Follow our profile to get regular updates & Trade setups
Donating via tradingview coins will help us to Make some valuable contents to trading our trading community
NZD/CHF Long ideaIf we look at NZD/CHF on a weekly we can see that it has a nice start to the W pattern. So the price at the end of the pattern is an area of 0.62550, which also coincides with the weekly trendline which is certainly not broken down. So our setup for this pair will definitely be long.
NZDCHF Long Trend is your Friend!
1. One Touch, Two Touch and Three Touches
complete a trend.
2. EMA Acting as Dynamic Support
3. Market has entered an area of sensitivity
@ 0.61000 also know as a psychological level
where institutions place orders and take profit
4. Waiting for 3 four hour candles to show signs
of rejection to place Buy order
5. I will buying at current Price Level @ 0.61000
Safe SL @ 0.60600
80% Partial TP @ 0.61800
10% Partial TP @ 0.6200
Remaining Trade TP @ 0.62400
Only 5% risk will be take for this trade
