NZDCHF trade ideas
NZDCHF is BullishPrice was in a strong downtrend, but now bulls seem to have woken up and are trying to gain control. After the emergence of bullish divergence, a couple of higher highs have formed indicating that a bullish reversal is on the cards. If previous higher high is broken, we can expect a bullish rally. Targets are mentioned on the chart.
NZDCHF I Pullback and possible swing long continuation Welcome back! Let me know your thoughts in the comments!
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NZDCHF Set To Grow! BUY!
My dear followers,
I analysed this chart on NZDCHF and concluded the following:
The market is trading on 0.5520 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.5563
Safe Stop Loss - 0.5491
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NZD/CHF may fall 19 - 28 pipsOur pivot point stands at 0.5536.
Our preference
The downside prevails as long as 0.5536 is resistance.
Alternative scenario
Above 0.5536, look for 0.5550 and 0.5559.
Comment
The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.5537 and 0.5539). Finally, the NZD/CHF has penetrated its lower Bollinger band (0.5521).
Supports and resistances
0.5559 **
0.5550 *
0.5536 **
0.5531
0.5519 last
0.5500
0.5491 **
0.5483 *
0.5474 **
Number of asterisks represents the strength of support and resistance levels.
NZDCHFIs NZDCHF exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.5400
What you guys think of it?
NZDCHF BREAKOUT AND PULLBACK ON KEY LEVELWe recently observed a significant breakout and rally at a crucial level, followed by a price reversal back toward this key level where the initial breakout was confirmed. We now anticipate a retest of this level, expecting it to act as a support zone before another bullish reversal occurs.
NZDCHF – looking for pullback and bullish continuationThe recent bullish move by this pair has been restricted by the resistance zone around 0.54750. However, this zone was overcome about 2 weeks ago. After breaking through with momentum, price is now pulling back and I think it will find support at the same zone aided by the 50EMA.
Let’s see how this plays out.
This is not a trade recommendation.
Trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management in all your trades.
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Buy The Strongest, Short The Weakest (May 23)Fundamentals & Sentiment
NZD:
- Hawkish comments from RBNZ
- Positive carry
- AUDNZD is in the mean reversion to the downside
CHF:
- SNB: "The SNB has already cut rates but it certainly sounds like there is more to come."
- Market is pricing in the cut with some more room to go (<60% chance)
Technical & Other
Setup: TC(B)
Setup timeframe: 1h
Trigger: 1h
Medium-term: Uptrend
Long-term: Uptrend
Min target: May highs
Risk: 0.43%
Potential Triple Top forming, could be bearish from herePrice tested this current zone 3 times this week and couldn't push further. With XXXCHF pairs all being currently well overbought on higher timeframes, there is a possibility that this could be a point in which price retraces back down to the previous major resistance zone, which has now turned support. 0.55 would be a good place for price to retrace back to.
NZDCHF LONGPrice Action Day Trading
Daily Bias: Bullish, Price broken through long term resistance and closed above
POI: Price is retracing back to the broken resistance after formed a higher high. Based on Currency Index, NZD is close to support level and CHF is close to resistance level. Based on those confluence, NZDCHF will have a higher chance of bullish reacting at the Resistance level.
Setup: H1 TF, Set a long trade at the broken resistance level targeting Daily Swing high. SL below H1 swing low below the Resistance level. R:R 1:3
Some Of My Entries And Reasons , How I Made +2000 Pips ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.