CHFNZD trade ideas
Heading into pullback resistance?NZD/CHF is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support which has been identified as a pullback support.
Pivot: 0.52173
1st Support: 0.51779
1st Resistance: 0.52448
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NZDCHF Will Go Up! Buy!
Please, check our technical outlook for NZDCHF.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.523.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.536 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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NZD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are now examining the NZD/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.524 level.
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possible NZDCHF breakout looking from the 4 hour time frame we can see that the market has been in a state of consolidation retesting major level of resistance 0.52620 4 times, the current upside push is currently retesting previous level of resistance from a higher high, if you look at it on the 1hr or 30 min time frame the rejections on all these levels are very clear. Giving me the optimism of a continuous push to the upside, eventually break out of this consolidation phase
NZD_CHF LOCAL SHORT|
✅NZD_CHF has hit a key structure level of 0.5267
Which implies a high likelihood of a move down
As some market participants will be taking profit from their long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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Protect The Pain Trade: Triangular Currency ArbitrageStep 1: Select the Pivot Currency
The pivot currency is the base currency you want to hedge or trade against. This currency will be the core around which your arbitrage strategy revolves.
Step 2: Use Mataf.net for Correlation Data
Open Mataf.net and navigate to the correlation matrix. Select negatively correlated assets that complement your pivot currency. These negatively correlated pairs will serve as your hedges (Hedge A and Hedge B). These assets should be chosen based on how they move in opposition to your primary pair, ensuring that the overall risk is minimized through diversification.
Step 3: Create a Composite Chart
Combine the primary currency and hedging pairs using the following formula in your charting platform:
{Primary Pair} / (Hedge A + Hedge B)
Press enter to create a composite chart. This chart will show you an aggregated view of how your triangulated positions are performing.
Use this chart to analyze the best entry and exit points, optimizing your gains while protecting yourself from unnecessary losses or market volatility.
For more detailed insight or guidance on entries and exits, feel free to message me privately on TradingView or contact me to gain access to more strategies like this one through my daily flow trades.
Looking forward to seeing you in the community!
SHORT NZDCHFDISCLAIMER THE BELOW IS JUST MY IDEA TRADE AT YOUR OWN RISK
TECHNICAL
1.First we start with the four hour moving average ribbon of 50 high and 50 low we can see how it acted as resistance for price
2.The previous two weeks have been in a clear downtrend which is marked by the four hour linear regression channel, and price has touched the +2 standard deviation line.
3. Monday took out the high of the inside bar(last week Wednesday candle)
4. Today we have good accumulation of volume which is also overlapped with yesterdays
NZDCHF is BullishPrice was in a downtrend, however a matured bullish divergence hinted that bulls are trying to control price action. The notion was confirmed by the break of previous lower high. If bulls manage to sustain the pressure then we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.
NZDCHF - Long active !!Hello traders!
‼️ This is my perspective on NZDCHF.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. We have here hidden divergence and rejection from level 0.52000. As well on H4 we have confirmation of regular divergence.
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