NZDCHF What Next? BUY!
My dear subscribers,
My technical analysis for NZDCHF is below:
The price is coiling around a solid key level - 0.5400
Bias - Bullish
Technical Indicators: Pivot Points Lowanticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.5426
My Stop Loss - 0.5385
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
NZDCHF trade ideas
BULLISH NZDCHFIf you're not in on this trade then I suggest you start longing at this entry price range now... Daily impulse followed by our local pullback/correction in the market points us to the 0.618 golden ratio... Price also sitting and retesting a very strong Supply and Demand zone I could almost guarantee you'll see growth on this one, so traders lets make money here with the institutions hedge funds and big banks!!
NZDCHF Long Setup: Buy Entry Near 0.5446/42 on 4-Hour ChartOn the monthly timeframe, last month's price action formed an inside bar, indicating consolidation without a clear bias, although the preceding month closed strongly bullish.
The weekly chart also shows an inside bar with a slight rejection from the bottom, but overall, there's no strong directional bias.
Daily price action reveals two consecutive ranging bars, suggesting opportunities to consider long positions from support levels or short positions from resistance.
On the 4-hour chart, I'm more inclined to go long from the identified support level.
Buy Entry : I plan to enter a long position around 0.5446/42 .
Stop Loss : I will set the stop loss below 0.5436 to manage risk effectively.
Take Profit : The target profit will be around 0.54813 .
Bearish drop?NZD/CHF has reacted off the pivot which is a pullback support and could drop to the 1st support which acts as a pullback support.
Pivot: 0.54475
1st Support: 0.54122
1st Resistance: 0.54745
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Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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NZDCHF Will Explode! BUY!
My dear friends,
Please, find my technical outlook for NZDCHF below:
The price is coiling around a solid key level - 0.5447
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.5476
Safe Stop Loss - 0.5428
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
NZDCHF The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for NZDCHF below:
The instrument tests an important psychological level 0.5485
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.5463
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NZDCHFFUNDAMENTAL;NZD stronger than CHF
COT data long/short 72/28 CHF 12/86 %
SEASONAL; NZD bullish in JULY CHD side ways
SENTIMENTAL : long/short 29/71 %
TECHNICAL :break of bearish trend line
printing HH and HL
no bearish divergence
retraced to 0.51 area
near bullish channel bottom and support
ideal buying 0.61
trade at your risk
good luck
NZDCHFIn my opinion, the NZD/CHF currency pair is poised to decline in the coming days, continuing until it reaches the marked support level. Several factors contribute to this outlook, including recent economic data, market sentiment, and technical indicators. The New Zealand dollar may face pressure due to potential dovish signals from the Reserve Bank of New Zealand, while the Swiss franc could gain strength as a safe-haven asset amid global uncertainties. As a result, I believe that the NZD/CHF pair is likely to move downward in the near term, heading towards the specified support zone.
nzdchfnzdchf had previously broken its upward trend sharply. Then it received a reaction from the 0.54400 resistance and made an upward move. In this case, I think we can collect profits up to the 0.5440 region if the position is entered from the 0.5488 resistance, which is within the fair value gap.
NZDCHF: Bullish Continuation & Long Trade
NZDCHF
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long NZDCHF
Entry Point - 0.5470
Stop Loss - 0.5454
Take Profit - 0.5496
Our Risk - 1%
Start protection of your profits from lower levels
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NZDCHF – should I short this? … the week of 08 July, 2024This pair is at a significant level of 0.5500 but I have to admit that I am a bit double minded. I want to go short, but cannot rule out a bullish continuation either. So let me list the Pros and Cons.
Pros
Preceding trend was bearish.
Price is consolidating in an upward sloping channel – also known as “bearish flag” pattern.
For the past 5 trading days, price has been unable to close above 0.5500.
Many wicks to the up side.
Cons
Price is above the 200dma.
Most recent price action is bullish.
Weekly chart is bullish, previous structure was broken.
The best way forward is to put this pair on our watch list and we make our own decision. Deciding not to trade this is a valid decision too.
This is not a trade recommendation, it is just my analysis.
You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade.
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How I Caught the Spike Down on NZDCHF Using This Great StrategyIn this video, I explain the Restricted Market Structure strategy and how it differs from the traditional Market Structure strategy. You'll learn how to set up trades using this unique approach and discover which currency pairs are best suited for it, as well as which pairs to avoid.
Key points covered:
Detailed explanation of Restricted Market Structure strategy
Differences between Restricted Market Structure and Market Structure strategies
Step-by-step guide to setting up trades with the Restricted Market Structure strategy
Best currency pairs to use this strategy with and pairs to avoid
Real-life example with NZDCHF, showcasing how it caught the big drop on the H1 chart perfectly
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Disclaimer: Forex trading involves significant risk and is not suitable for every investor. Carefully consider your financial situation and risk tolerance before entering any trade. Always perform your own research and seek advice from a licensed financial advisor if needed.