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.
CHFNZD trade ideas
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!
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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 H4 | Bullish bounce off 61.8% fibo?Price is falling to our buy entry at 0.5371, which is an overlap support level, aligning with the 61.8% fibo retracement. Our stop loss is at 0.5345, which is below a swing low support level. Take profit is at 0.5411, which is a swing high resistance level.
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NZDCHF Will Go Higher! Buy!
Please, check our technical outlook for NZDCHF.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.540.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.545 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.
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NZDCHF - Breakout TradeI see an interesting reversal play to the upside on NZDCHF. This is a pure technicals play to trade the breakout on this week's session open.
Price fails to push to new highs and signal the start of a potential downtrend.
The massive selloff doesn't push price to new lows so we have a support formation.
Moving average crossover is an early signal that near-term momentum is picking up to the upside.
Upside breakout further supports... well, upside potential.
NZDCHF : Long Trade , 1hHello traders, we want to check the NZDCHF chart. The price is moving in an ascending channel and has pulled back to the indicated key level. We expect this level to play the role of a support level and maintain the upward trend of the price and the price will grow to around 0.54700. Good luck.
NZDCHFNZDCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea
BLEED COMING SOON NZD/CHFNZD/CHF
I will keep everything simple
according to my rules, the market remains corrective until the price clears out 0.54130, but if the market remains under the price zone I keep looking for a sell option. To confirm sell continuation wait for the market to break down 0.53791 before looking for sell.
If this idea is helpful please meet me in the comment section
Thanks
NZD/CHF: Further upside remains on the cardsNZD/CHF: Further upside remains on the cards
NZDCHF confirmed a contracting triangle pattern.
The price is holding very well.
CHF has been very strong for a long period of time and it needs to correct.
However, the CHF strength is not related to the fact that CHF is a strong currency but is related to the problem that SNB keeps manipulating its strength but intervening in the market.
The pattern is bullish and probably this undervalued price can help NZDCHF rising this time.
Thank you and Good Luck!