NZDCHF H4 | Potential bullish reversalThe price could breakout of the buy entry and continue rising to the take profit level.
Buy entry is at 0.53390 which is pullback resistance level.
Stop loss is at 0.52934 which is a level that sits under a multi-swing low support.
Take profit is at 0.53824 which is pullback resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
CHFNZD trade ideas
NZDCHF: Expecting Bearish Continuation! Here is Why:
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
❤️ Please, support our work with like & comment! ❤️
NZDCHF Is Bearish! Sell!
Please, check our technical outlook for NZDCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.541.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.538 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!
NZDCHF: Market Sentiment & Price Action
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NZDCHF chart which, if analyzed properly, clearly points in the downward direction.
❤️ Please, support our work with like & comment! ❤️
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!
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!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
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.