NZDCHF trade ideas
NZD/CHF SHORT FROM RESISTANCE
Hello,Friends!
Bearish trend on NZD/CHF, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.528.
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NZDCHF: Another Chances for the BullsNZDCHF: Another Chances for the Bulls
Once again NZDCHF proved to have a strong resistance 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!
NZDCHF Sell ScenarioToday, we will analyze NZDCHF
Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section.
Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
NZDCHF | COULD BE A GOOD SELL Hey Traders!
Here's an exciting update: We're looking at a promising bearish opportunity, with a target of at least 5283, and potentially even more. The market trend seems firmly bearish, and we've got an engulfing candlestick pattern confirming our entry point. The recent daily rebound off the 50-day moving average indicates that sellers are still active. Plus, the higher timeframe shows a broken neckline in a double-top pattern, hinting at a likely continuation. ✅📈
Manage your risk accordingly:)
NZDCHF Will Move Higher! Long!
Take a look at our analysis for NZDCHF.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.528.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.533 level soon.
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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The 3 Major Players Of The Forex MarketsOverview of Economic Indicators
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GDP
Gross Domestic Product (GDP) is a measure of a country's economic output and overall health. It reflects the aggregate value of goods and services produced in a country over a period of time.
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Inflation
Inflation is a measure of the rate at which prices of goods and services are increasing. Higher inflation tends to depreciate a currency's value.
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Employment Data
Employment data provides information about the strength of a country's labour market. Key metrics include unemployment rate, nonfarm payrolls and wage growth.
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Trade Balance
The trade balance indicates the difference between a country's exports and imports. A trade surplus usually strengthens the country's currency, while a trade deficit usually weakens it.
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To learn more watch this video
Also rocket boost this content.
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Disclaimer:This is not financial advice please do your own research before you buy or sell anything
you will lose money trading.
NZDCHF H4 | Potential bullish reversalThe price could breakout of the buy entry and continue rising to the take profit level.
Buy entry is at 0.53390 which is pullback resistance level.
Stop loss is at 0.52934 which is a level that sits under a multi-swing low support.
Take profit is at 0.53824 which is pullback resistance level.
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NZDCHF: Expecting Bearish Continuation! Here is Why:
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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NZDCHF Is Bearish! Sell!
Please, check our technical outlook for NZDCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.541.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.538 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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NZDCHF: Market Sentiment & Price Action
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NZDCHF chart which, if analyzed properly, clearly points in the downward direction.
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