CHFNZD trade ideas
NZDCHF Potential UpsidesHey Traders, In preparation for tomorrow's trading session, our focus centers on NZDCHF, where we are carefully monitoring a potential buying opportunity around the 0.53300 zone. Currently entrenched in an uptrend, NZDCHF showcases a sustained upward trajectory. Concurrently, the currency pair is navigating a correction phase, gradually converging towards the trend at the critical 0.53300 support and resistance area. This numerical level assumes significance not only as a historical support point but also as a pivotal juncture where the correction may encounter significant market dynamics.
Augmenting our technical analysis is the broader consideration of the Swiss National Bank's recent policy decisions and their potential impact on the Swiss Franc. Given the susceptibility of the CHF to SNB signals, a nuanced understanding of the CHF landscape enhances our strategic approach. As we navigate tomorrow's session, our goal is to identify optimal entry points within the 0.53300 zone, aligning our trading decisions with the ongoing uptrend and the potential influence of CHF dynamics influenced by the SNB. Trade safe, Joe.
NZDCHF-bias short Bearish indications:
Double top formation.
Strong bearish engulfer candle from the resistance.
Major resistance respected.
Evening star candle in 4 hr time frame from the resistance.
LLLH
Fib level 0.786 is respected.
Trade plan bias short @ 0.54043
SL:0.54340
TP1:0.53753
TP2:0.53510
NZDCHF: Further Decline is ExpectedNZDCHF: Further Decline is Expected
Price broke out of a sort of triangle pattern.
The bearish breakout appears to be very strong and this move could support the bears to push the price further.
Immediate support should be found near the first structure 0.5317.
If the price breaks through the first zone, then the second zone near 0.5290 will be exposed to bearish movement.
You can find more details in the chart!
Thank you and Good Luck!
NZDCHF - Retracement in a DowntrendNZDCHF looking oversold on the lower timeframes.
A possibility of a retracement nearing.
NZD-CHF Bearish Bias! Sell!
Hello,Traders!
NZD-CHF retested a horizontal
Resistance level of 0.5419
Then went down and broke
The rising support line so
We are now bearish biased
And I think that we will see
A further move down
Sell!
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nzdchfSupport and press the rocket to cheer me up
Observe the ten percent loss limit
Stay away from Bitcoins
Feel free to buy and sell and post your comments
NZDCHF Potential UpsidesHey Traders, in today's trading session we are monitoring NZDCHF for a buying opportunity around 0.53500 zone, NZDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.53500 support and resistance area.
Trade safe, Joe.
NZDCHF on a bullish trend reversal after a series of downtrendDaily TF indicates a reversal from the double bottom and is looking to be bullish up to the resistance at 0.5441 (D1) where the MA100 is still on a strong steep downtrend with MACD and stoich RSI above the 50% line; strike buy price above the MA100 and VWAP at 0.5382 (H1);
NZDCHF - potential breakout soon? NZDCHF has been in a downtrend since March 2022 from a high of 0.65169. It has formed a double bottom as it tested a low two times at 0.51926 in Aug and Oct 2023. It has since risen and is hitting the resistance zone around 0.5400.
If resistance holds, it may fall back to the support at 0.51926 before attempting again to break out.
NZDCHF Pulling Back Towards Top of Major ChannelPrice has been retracing for the past 3 weeks and is moving very close to the top of a 9-month falling channel.
The price is also currently supported by a rising trendline, consolidated and may breakout very soon.
If the price breaks upwards, we can wait for a pullback to do a short-term buy towards the top of the major channel at 0.5470.
Once the price has reached the top, we can go for a swing sell downwards. More analysis on that if the price does reach the top of the major channel.
NZDCHF-BULLISHits a bullish harmonic pattern on 4H TF,
bulls are taking control,
what u guys think of,
NZDCHF Waiting breakout on dairy chartOnce the prices break out my resistance and trendline the price must stay above 0.5414. Then my target will be at 0.6000.
NZDCHF - 4HIf the range of 0.535 units is broken and the price stabilizes below it, the price may fall to the range of 0.533, and in case of strength, the range will be 0.531 units.
Otherwise, the possibility of price increase up to the range of 0.540 units
NZHCHF - In a range-Prices consolidating on the weekly from a downtrend, it either will continue downwards or reverse upwards
-However overall still downtrend on the weekly based on 100 EMA
-Prices rejected support turned resistance multiple times, hence, i am trading the retest of the 0.382 Fib + demand zone of range at the same area
-This is an intraday trade
NZDCHFWe have a break of Market structure. This appeared last week. hoping to continue the upward movement when the pair touches my FIB key area of 0.764 at 0.53250. hoping to harvest 120 pips till 0.54500
Watching the 12345 pattern that has completed the 3rd wave. hoping to ride with the 4th wave at that zone of 0.53250
NZDCHF I Bullish breakout and possibly headed toward resistanceWelcome back! Let me know your thoughts in the comments!
** NZDCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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NZD/CHF! 6/12 Any opportunity to give DOWN prices?⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
The price continues to circle around the nearest resistance zone, today there is no news that will have too much impact. The price cannot break through this zone yet, NOVA will give a SELL signal here
⭐️ SET UP NZD/CHF PRICE:
🔥SELL zone: 0.54000 - 0.54150 SL 0.54600
TP1: 0.53700
TP2: 0.53400
TP3: 0.53000
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
NZDCHF is trending sideways NZDCHF is trending sideways. We set 3 support and 3Resistance for trading sideways.
Set buy stop or sell stop if which one active then delete other
NZDCHFNZDCHF Buy at HL (also trendline support , FIB 0.5 intact)
For confirmation , bullish candle made at 30 min timeframe
Analysis at 1 hour
SL , TP mention in chart
