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);
CHFNZD trade ideas
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.
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