Nzdchfshort
Short NZDCHF Longterm based on 4H + 1D Charts + FundamentalsStrong downtrend since the start of 2017, making lower highs. Price is locked into a strong downward channel based on the 4H chart
Hidden divergence on the close of the 4H candle at 18:00 on 31st May shows the strong continuation of downward momentum.
We see a possible Bearish Head & Shoulders pattern forming on the 4H chart.
Fundamentals:
The RBNZ disappointed some investors last month by remaining relatively dovish on interest rates despite some stronger local data. New Zealand’s interest rates are at record lows, and the central bank has suggested that monetary policy will remain accommodative for a considerable time based largely on the uncertain global picture. The Kiwi currency is still expected to remain weak with no interest rate hikes expected until early 2019.
The Swiss Franc (CHF), a noted safe-haven currency, continues to get stronger. Rising geopolitical tensions between the US and Russia have seen the Swiss Franc making strong gains, benefitting from an increased demand for safe-haven assets. If the deadlock over the Syrian conflict continues then the Franc could remain on a bullish trend , in spite of the threat of market intervention from the Swiss National Bank (SNB).
A 3.9 percent jump in exports in the three months through March helped push economic growth to 0.3 percent. While that fell short of the 0.5 percent forecast in a Bloomberg survey, it’s still the strongest performance in three quarters.
I will look to short the NZDCHF with my stop loss at the conservative 0.70142 rate.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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Swiss wizRationale for this trade is easy: a descending channel. The Swiss Franc came in strong yesterday being the best contender against USD and also fought against Euro despite its rally.
NZDCHF 4H Bearishso after touch again the top line of the channel and complete ABCD pattern there it can start a move to the bottom line of channel and complete ABCD pattern there. we have a very strong support at the bottom line of channel
NZD/CHF, 4HR, SHORTHi Traders,
Price is at a previous support and resistance zone which has been tested multiple times, wait for a bearish engulfing or evening star pattern on 4HR time frame, or a double top at a lower time frame. Once you get that confirmation it would be a good idea to go short and targets can be booked at next structure support 0.7000 and target 2 at 0.6960
GOOD LUCK!!
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Continuing Down Trend of NZDCHF Following this brief retracement my analysis is showing that the downtrend of NZDCHF will continue. NZDCHF continues to make new lows everyday.
NZD/CHF sell setupWe have a triangle pattern on the H4 chart. Price was rejected from the upper trendline of the triangle and it looks like we are heading to its bottom. Price is consolidating now if form of a wedge. Will be looking for sell at the break of this wedge/flag.
NZDCHF Possible Sell Set UpPrice has formed a double top on the weekly and daily timeframe at a matching point with the weekly 61% fib (pink one) and monthly resitence (blue line) forming our matching point with a strong monthly PRZ and now price is retesting the 38% fib continuing the downtrend after the bullsih trendline break
NZDCHF POSSIBLE SELL !!To keep updated on this trade ,join our FREE signal group clicking the link in my bio!!
nzdchfwe are looking for a break to the downside on this pair as it has not been able to break the 0.71xx zone.. we are also coming off a downtrend and into a rising wedge ..
NZD.CHF - Short Breakout OpportunityThe NZD.CHF is one currency pair on this evenings watchlist.
Once my entry criteria has been met we will set a sell stop order and await a clear break.
Nzdchf sell advice on strong ResistanceNzdchf trading around 0.7085 facing Strong Resistance above 0.7150 level if hold below 0.72 we can see toward 0.69
Advice to sell in range of 0.7085-0.7150 sl above 0.72 TP 0.6950
Short Nzdchf Nzdchf Short Advice. As we found 2 Bearish sign on H4 Chart
1. on H4 we can see bearish pin bar
2. Above 0.7250 strong Resistance on H4 and on daily also.
Advice sell cmp 0.7242 with sl 0.7290 TP 0.7150
nzdchf short advice on strong resistanceNzdchf showing very clearly its rejecting 0.7250 level again and again if hold below 0.7250 we can see its below 0.700 soon
advice to sell pair cmp 0.7166 sl 0.7270 Tp 0.70
NZDCHF POSSIBLE SCENARIO ! THIS IS THE POSSIBLE SCENARIO IN THE NZDCHF SCENARIO 1D CHART
IF IT BREAKS THE TRENDLINE AND SUPPORT PUT SELL ORDER @ 0.69000 AND TP @ 0.66500
