NZDCHF Will Fall! Short!
Please, check our technical outlook for NZDCHF.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.547.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.543 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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NZDCHF trade ideas
NZD/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
NZD/CHF is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 0.539.
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NZD/CHF BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
NZD/CHF downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 0.553 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the NZD/CHF pair.
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NZDCHF: Price Action Analysis & Bullish OutlookNZDCHF has formed two bullish patterns: initially, it was trading within a descending expanding wedge pattern, followed by the formation of a cup and handle pattern within this structure.
To consider buying the pair, it is advisable to wait for a breakout above the neckline of the cup and handle formation on the 4-hour chart.
A confirmation would be a 4-hour candle closing above 0.5433. If this occurs, a bullish trend continuation could be anticipated towards the levels of 0.5448 and 0.5460.
NZD/CHF For Bearish after finish pull-backwait for finish pull-back and creating lower high and then go short
or
wait for break current support at green arrow and then can go short
- General Trend is Down
- Current wave is pull-back for correction and creating lower high at red arrow or between fibo levels (50:61)
NZDCHF Bullish ReversalI am entering long on NZDCHF for the following reasons:
- We are in a current downtrend.
- The previous daily close is a bullish candle, a long lower shadow and tiny upper shadow.
- Price is predicted to pullback to the trendline here, at the very least.
My trade is Entry 0.54340, Stop Loss 0.54040, Take Profit 0.54650, 1:1 RR. This is considered to be a swing trade.
NZDCHFTo provide a detailed analysis and trading strategy for NZD/CHF moving towards daily support:
Analysis
Current Market Context: NZD/CHF is approaching a significant support zone on the daily chart.
Support Range: 0.54324 to 0.54150.
Stop-Loss: Recommended to place the stop-loss slightly below the support to avoid premature exit due to potential price wicks.
Trading Strategy
Entry Point: Consider entering a buy position within the range of 0.54324 to 0.54150.
Stop-Loss: Place the stop-loss slightly below the support range, for instance, around 0.54000. This will help to avoid being stopped out by minor market fluctuations.
Take-Profit: For a conservative target, aim for the next significant resistance level. For more aggressive targets, consider multiple take-profit levels as the price progresses.
NZDCHF On The Rise! BUY!
My dear friends,
Please, find my technical outlook for NZDCHF below:
The instrument tests an important psychological level 0.5459
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.5514
Recommended Stop Loss - 0.5427
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
NZDCHF A Fall Expected! SELL!
My dear friends,
Please, find my technical outlook for NZDCHF below:
The instrument tests an important psychological level 0.5534
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 - 0.5506
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
NZDCHF LONGPrice Action Day Trading
H4 Bias: Bullish
H4 created a new high and higher low breaking and closing about previous swing high.
H1 TF, Price retrace back to H1 support level targeting Daily Swing high.
Setup: H1 support & broken bearish Trendline confluence area is a good spot for set up for long trade. Targeting Daily swing high 1:10 RR with SL slightly below the support level
NZDCHF-Position for LongThe pair broke it's downtrend on 4H timeframe and made a HH. Currently the pair is on it's way to print it's HL at 0.38 fib retracement (high probability). After hitting the fib level wait for some bullish candle foramtion before taking an entry. The mentioned levels are of fib retracement with SL and TP.