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Nzdchfshort

NZDCHF held resisted at key resistance level1. NZDCHF is currently held resisted at the 0.59675 level. This level is very significant as it marks a huge supply origin on April 30th and serves as an inflection point supported on April 29th. 2. We're currently seeing this level hold up. You'll notice that we're not seeing large bullish candles, but rather alternating red and green bars. On a lower time frame, this will be observed as a narrowing range. 3. I'm currently bearish because price has slowed after a huge bullish uptrend. What are the odds that we're going to see new volume of buyers coming in at the current price? Those that have gotten long should have gotten in by now. We should be seeing profit taking and fresh sell volume rolling in overnight and through the next few days.
Short
by FinancialGamblR
1
NZDCHF short trade ideaPlan : trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
1
left head and shoulders forming nzdchf on 4 hourThis week we have an important fundamental news on tuesday, in my opnion we could see a negative employment change because the lockdown we're witnissing all over unemployment rising. So my analyse for the new zeeland dollar is dovish, before we retest the recent support from 0.58000 on monday we could go back to 0.59060 and from there on tuesday night (GMT) we could selling around midnight the NZD when it form a left heand and shoulder on 4 hour timeframe. Have nice trading week and be safe with your risk-reward ratio
Short
by price_action_bars
1
Will the support line of NZD/CHF have the power to stop Bears ?Hi Traders, hope you all have a fantastic Sunday afternoon. Today we take a look at NZD/CHF price forecast for next week. Since 19th of March price has been in nice Ascending channel. Support line of this channel has been tested couple of times since the start of channel. However, we here at Triple Pips think that the biggest test is going to happen in start of next week. Last 2 trading days have been all Bears. Does the support line has strength to stop them ? We don't know that yet that's why we are going to wait for either Long or Short. For Long we will wait for price to bounce back from the support line and if the price will breakthrough the line we will open Short positions. The Relative Strength Index shows us the down-side pressure is only starting. (RSI 47.59) Let us know in comment section what do you think is going to happen ?
Short
by UnknownUnicorn3249870
NZDCHF H1 ANALYSISHello traders, we currently have a short setup for NZDCHF on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go short. If you short in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard! *Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
Short
by ApexParagon