NZDCHF trade ideas
NZDCHF Collapse! SELL!
My dear friends,
Please, find my technical outlook for NZDCHF below:
The instrument tests an important psychological level 0.5401
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 - 0.5393
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 Strong buy opportunity on the 1D MA50.The NZDCHF pair has been trading within a Channel Up pattern since the October 23 2023 Low. After breaking above the 1D MA200 (orange trend-line) for the first time in more than 1 year (since January 31 2023), the pair confirmed the trend shift from long-term bearish to long-term bullish. The recent 3-day pull-back to the 1D MA200 is a technical buy opportunity.
As long as we close 1D candles above the 1D MA50 (blue trend-line), this is a buy opportunity, targeting the top of the Channel Up and Resistance 2 at 0.55140. Notice how this is exactly on the -0.236 Fibonacci extension, which is the level that the November 29 2023 Higher High was priced at. Also the 0.5 Fibonacci retracement is the level where it double bottomed (November 17 2023) and started the rebound to the Higher High. We are at the 0.5 currently, which indicates a strong Support case.
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NZD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
It makes sense for us to go short on NZD/CHF right now from the resistance line above with the target of 0.533 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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NZDCHF ShortThe price has changed its bullish trend to bearish trend already. We can see a bullish divergence at this point. So the price is expected to take a pullback from here. We have defined two entry points for the short position here, and we will hold this trade and ride the downtrend of the price.
NZDCHF: Huge Demand Zone Ahead 🇳🇿🇨🇭
NZDCHF has recently broken and closed above a wide horizontal resistance area,
the broken structure turned into a demand zone.
The price is retesting that structure at the moment.
I think that a bullish wave my initiate from the underlined blue area.
Next resistance will be 0.547
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NZDCHF: Another Chance For The BullsNZDCHF: Another Chance For The Bulls
Once again NZDCHF proved to have a strong support area near 0.5280
Regardless of the speculations that we had during December,
NZDCHF managed to hold on to this area.
This is increasing the chances that it will rise again and test the resistance area where it was at the beginning of December near 0.6410 and probably even higher at 0.5460
You may find more details in the chart!
Thank you and Good Luck!
NZDCADNZDCAD 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 50% Fib 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?
NZDCHF, is this a reversal?NZDCHF / 1D
Hello traders, welcome back to another market breakdown.
NZDCHF pair has been trading in a Bearish trend, However, the price is showing evidence of a reversal around Key Yearly Low. Which might lead to more higher prices to see. I'll look to get on lower prices after getting the LTF confirmation in the next Pull-back phase.
Trade safely,
Trader Leo