NZDCHF - SWING - 11. JUNE. 2020Welcome to our weekly trade setup ( NZDCHF )!
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1 HOUR
Very bearish price action this week.
4 HOUR
Price closed below main sr level, expecting another push to the downside.
DAILY
Overall very bullish market turned now!
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FOREX SWING
SELL NZDCHF
ENTRY LEVEL @ 0.61570
SL @ 0.62760
TP @ 0.59840
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
NZD-CHF
Don't miss the great sell opportunity in NZDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.624). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 46.
Take Profits:
TP1= @ 0.6145
TP2= @ 0.6042
TP3= @ 0.5975
TP4= @ 0.5902
TP5= @ 0.5755
SL: Break Above R2
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Don't miss the great sell opportunity in NZDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.624). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 46.
Take Profits:
TP1= @ 0.6145
TP2= @ 0.6042
TP3= @ 0.5975
TP4= @ 0.5902
TP5= @ 0.5755
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NZDCHF SHORT TRADENZDCHF rebounded from daily supply zone at level 0.6190
Price rejected from upper edge of rising wedge pattern
MACD shows weakness in bullish momentum
RSI reached overbought region
It's expected for coming correction to target key level at 0.5970 which corresponds to lower edge of rising wedge
ANALYSIS ON NZDCHF SHORT ENTRY ON THE 4H AND 1H TIMEFRAMENZDCHF SAW STRONG SELL PRESSURE ON THE MONTHLY LOWER ZONE
AN IMPULSIVE MOVE BY TH PRICE WE SAW A PUSH TO THE DOWNSIDE ON THE 4H TIMEFRAME
NOW WE WAIT FOR EXHAUSTION ON THE 1H (RETEST OF THE SELL PRESSURE) AND RE INJECTION OF SELL PRESSURE
THIS TRADE WILL BECOME INVALID IF PRICE BREAKS MONTHLY ZONE TO THE UPSIDE
NZDCHF held resisted at key resistance level1. NZDCHF is currently held resisted at the 0.59675 level. This level is very significant as it marks a huge supply origin on April 30th and serves as an inflection point supported on April 29th.
2. We're currently seeing this level hold up. You'll notice that we're not seeing large bullish candles, but rather alternating red and green bars. On a lower time frame, this will be observed as a narrowing range.
3. I'm currently bearish because price has slowed after a huge bullish uptrend. What are the odds that we're going to see new volume of buyers coming in at the current price? Those that have gotten long should have gotten in by now. We should be seeing profit taking and fresh sell volume rolling in overnight and through the next few days.
NZDCHF ANALYSIS Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, that the pair is close to its trendline resistance but in middle of its support and resistance. One can wait for breakout
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
NZDCHF techncially based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 NZDCHF technicaly based idea, we can see price is bounce from bottom trend line , candels formation is strong bulish, technicaly indicators showing we can expect higher push up in price exepcting push till top trend line, NZD the strongest currency currently, CHF one of the weakest.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
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All best, good luck!