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CHFNZD

CHF/NZD - Bullish Opportunity Identified at Key Support Zone------------------- Technical Analysis: CHF/NZD --------------------------- XABCD Harmonic Pattern Formation: The CHF/NZD currency pair has recently exhibited the formation of an XABCD harmonic pattern, suggesting a potential reversal in price action. This pattern, characterized by specific Fibonacci ratios between consecutive price swings, has reached completion near the key support area. Confluence with Daily Trendline: Furthermore, the current price level coincides with a significant daily trendline, adding further weight to the bullish bias. The confluence of the harmonic pattern and the trendline strengthens the validity of the anticipated bullish move. Trade Setup: - Entry: The entry point for this trade is recommended near 1.8380, aligning with the completion of the harmonic pattern and the intersection with the daily trendline. - Stop Loss: A prudent stop loss order is advised to be placed near 1.8230 to mitigate potential losses in case of adverse price movements. - Take Profit Levels: - TP-1: 1.8535 - TP-2: 1.8690 - TP-3: 1.8840 Rationale for Trade: The decision to initiate a bullish position on CHF/NZD is based on the confluence of the XABCD harmonic pattern completion and the alignment with the daily trendline. This technical setup suggests a favorable risk-to-reward ratio, with potential upside targets identified. Risk Management: It is crucial to adhere to strict risk management principles, including proper position sizing and adherence to stop loss levels, to safeguard against unexpected market volatility. Conclusion: In conclusion, the technical analysis indicates a bullish bias for CHF/NZD, with the formation of an XABCD harmonic pattern and alignment with the daily trendline. Traders are advised to consider initiating long positions near 1.8380 with defined risk parameters and profit targets as outlined above. As always, prudent risk management practices should be followed to ensure optimal trading outcomes.
Long
by trading_jupiter
2
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:)
Short
by FX-TradingLions
CHFNZD, Volatility-Developments In Channel, Bounce To Establish!Hello, Welcome to this analysis about CHFNZD, we are looking at the 45-minute timeframe perspectives. As I discovered in the last times CHFNZD has formed this main descending-channel-formation in which it has a coherent wave-count with the waves A to C almost already completed and now with the wave C testing the lower accumulation-channel marked in green in my chart where CHFNZD already bounced several times to the upside and is now also likely to do so. A new bounce in this accumulation-channel will lead to the development of the wave D in the structure in which CHFNZD will move on and test the upper distribution-channel marked in red anew from where the wave E will have its origins with a high possibility. When such a wave E emerges then it will complete the whole wave-count and test the lower supports in the structure from where the dynamic needs to be elevated anew. Currently, we should expect CHFNZD to continue with its wave-count and bounce in the structure to emerge with wave D and test the upper zones anew. In this manner, thank you for watching my analysis about CHFNZD and it channel-formation-structure with the upcoming volatilities and measurements to expect, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! Information provided is only educational and should not be used to take action in the markets.
by VincePrince
7
💵Swiss Franc/New Zealand Dollar 💵Analyze (12/15/2022)!!!The Swiss Franc/New Zealand Dollar completed the fifth wave after it managed to break the downtrend line and form a double-bottom pattern. I expect the Swiss Franc/New Zealand Dollar will go up at least to resistance lines in the next days. 🔅Swiss Franc/New Zealand Dollar Analyze ( CHFNZD ) Timeframe 4H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
2
💵Swiss Franc/New Zealand Dollar 💵Analyze !!!I expect the Swiss Franc/New Zealand Dollar goes up to my PRZ(Price Reversal Zone) and then reverse from that zone to the support zone. 🔅Swiss Franc/New Zealand Dollar Analyze (CHFNZD) Daily Timeframe ⏰. 🔴Price Reversal Zone (PRZ): 1.7375NZD - 1.7155NZD 🟢Support Zone: 1.6520 NZD - 1.6430 NZD Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
4
SWISS FRANC / NEW ZELAND DOLLAR (CHFNZD) Monthly, Weekly & DailyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
by Dinjin
CHFNZD Long IdeaToday, my attention was grabbed by a non-conventional pair- CHFNZD. It seems like it has just re-bounced from a major support level as can be seen from the screenshot. The daily candle is a bearish rejection- pinbar-like. It seems like a new bullish wave is about to form. I will be closely monitoring this pair for a retracement towards 1.4135 and a possible long entry. Stop-loss would be placed just under 1.4060. A good level for profit taking is 1.4280. Depending on price action, this pair may rise all the way up to 1.4900 (if market conditions are favourable).
Long
by colibritrader