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SWISS FRANC / NEW ZEALAND DOLLAR

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CHFNZD trade ideas

CHF/NZD - Bullish Opportunity Identified at Key Support Zone------------------- Technical Analysis: CHF/NZD --------------------------- XABCD Harmonic Pattern Formation: The CHF/NZD currency pair has recently exhibited the formation of an XABCD harmonic pattern, suggesting a potential reversal in price action. This pattern, characterized by specific Fibonacci ratios between consecutive price swings, has reached completion near the key support area. Confluence with Daily Trendline: Furthermore, the current price level coincides with a significant daily trendline, adding further weight to the bullish bias. The confluence of the harmonic pattern and the trendline strengthens the validity of the anticipated bullish move. Trade Setup: - Entry: The entry point for this trade is recommended near 1.8380, aligning with the completion of the harmonic pattern and the intersection with the daily trendline. - Stop Loss: A prudent stop loss order is advised to be placed near 1.8230 to mitigate potential losses in case of adverse price movements. - Take Profit Levels: - TP-1: 1.8535 - TP-2: 1.8690 - TP-3: 1.8840 Rationale for Trade: The decision to initiate a bullish position on CHF/NZD is based on the confluence of the XABCD harmonic pattern completion and the alignment with the daily trendline. This technical setup suggests a favorable risk-to-reward ratio, with potential upside targets identified. Risk Management: It is crucial to adhere to strict risk management principles, including proper position sizing and adherence to stop loss levels, to safeguard against unexpected market volatility. Conclusion: In conclusion, the technical analysis indicates a bullish bias for CHF/NZD, with the formation of an XABCD harmonic pattern and alignment with the daily trendline. Traders are advised to consider initiating long positions near 1.8380 with defined risk parameters and profit targets as outlined above. As always, prudent risk management practices should be followed to ensure optimal trading outcomes.
Long
by trading_jupiter
2
NZDCHF Will Go Down! Sell! Here is our detailed technical review for NZDCHF. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.538. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.534 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
NZD/CHF Day Trading Analysis With Volume Profile 📊On NZD/CHF , it's nice to see a strong sell-off from the price of 0.54060. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the strong volume area along with the strong S/R area from the past are my main reasons for this short trade. Happy trading, Dale
by Trader_Dale
Potential bearish reversalPrice is rising towards a resistance level which is an overlap resistance which aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.54037 Why do we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.54366 Why we like it: There is a pullback resistance level Take profit: 0.53443 Why we like it: There is an overlap support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
NZD/CHF 4H Quick Take: Bearish Divergence AheadThe NZD/CHF pair is signaling a cautionary tale on its 4-hour chart. Despite posting higher highs, a bearish divergence with the RSI, which has been making lower highs, suggests weakening momentum. Notably, the RSI's recent peaks above 70 highlight overbought conditions, with the latest peak lower than its predecessor, hinting at diminishing buyer strength. The pair's interaction with the weekly pivot point at 0.54257 early this week hints at a possible retest of this level soon. Traders should brace for potential shifts, as these indicators collectively suggest a looming correction.
Short
by TradingClue
NZDCHF - Already Over-Bought ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NZDCHF has been overall bullish , trading within the rising channel in blue. However, it is currently approaching the upper bound of the channel again acting as a non-horizontal resistance. Moreover, it is retesting a strong resistance zone at 0.55 - 0.552 marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline. 📚 As per my trading style: As #NZDCHF approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
1
NZDCHF Is Going Down! Sell! Here is our detailed technical review for NZDCHF. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.546. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.543 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Dark Clouds above the Swiss Alps ... and the economy.Quick question: Which Swiss export sector is the only one that has so far kept its head above water relatively well and did not have to report a decline in sales in the second quarter of 2023? Write your answer in the comments! (No cheating please!;) That the Swiss economy runs like a (Swiss) clockwork was once upon a time. As predicted in my CADCHF trade idea, dark clouds are gathering over the skies of the alps and also over the Swiss economy. - Manufacturing PMIs have now fallen to their lowest level (38.5!) since the 2008 financial crisis. The Swiss economy is thus following its big neighbour to the north -> good old Germany. -> One of the main reasons for this is the too strong Swiss franc, which is hurting Swiss exporters and even the otherwise so crisis-proof pharma industry. -> There is exactly one institution that could change this in no time: Which is still propping up the CHF with billions. Which is the only G10 central bank that has already managed to push inflation below the 2% mark (as I already predicted in February). This institution with the 3 letters could weaken the CHF to give the Swiss export economy at least a little breathing space. Could. Will it do so? I am sure we will be smarter by September ;) Until then, it will rain regular updates here... with the reliability of a Swiss clockwork.
Long
by PrimeTrading
10
NZD/CHF Re-tracement Is OVER Be Ready to BuyAlthough the price is in a bit of a mess but on a small timeframe we can say that the price is moving to the upside slowly. According to the trendline analysis and waves analysis the price now is in the re-tracement phase after creating a nice wave. To determine your entry in this case u need to use the fibonacci tool from the previous low to the latest top, for me the best place to buy is around 61% and 71% fib level. You can put a buy limit order around the 2 levels or u can wait to see a good bullish price action around the buying point on the 4H time frame and from there u can enter ur trade. I will keep u guys updated when my order is trigerred.
Long
by Forex_Wealth_Factory
1