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NZD-CHF

NZDCHF idea.There are 3 roadmaps here for ideas. Take note of a possible LARGER ABCD move inside a smaller ABCD move. You can clearly identify the possible pattern formations that could play out via harmonics. Price must break the purple solid line to exit the range and become bullish on DAILY. I see this double bottom as a FALSE PATTERN if it does not break the horizontal median orange line. Should price continue beyond above the deep blue sea 65MA line we will head to the green 200 MA line and most likely get resistance the closer we move to it. Price holds under the 65 deep blue sea daily MA. I feel we will have 1 more down before we turn around and go up. USDCHF is peaking higher and higher and will probably correct. Meantime AUDNZD is pulling down NZDUSD is trying to pull up. Dollar is weakening and price is in a downward trend on NZDCHF overall. Should we pull down one more we will have a double bottom inv. left shoulder / head / into a bullish right shoulder formation for a turn around. We are at the BOTTOM of the monthly of this pair and have spiked down 3 times on weekly but keep pulling up. Price is trying to break lower with more and more force but also shows resistance since everyone sees we are so low they will want buy.. I believe we can get a closed weekly new low before we begin a monthly bull run. Thoughts? Thanks for viewing as always trade safe and manage risk! Peace. Love. Trade.
Short
by AschraM
1
Don't miss the great buy opportunity in NZDCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6302). 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 uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 67. Take Profits: TP1= @ 0.6343 TP2= @ 0.6425 TP3= @ 0.6524 SL= Break below S2
Long
by ForecastCity
8
Don't miss the great buy opportunity in NZDCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6302). 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 uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 67. Take Profits: TP1= @ 0.6343 TP2= @ 0.6425 TP3= @ 0.6524 SL= Break below S2
Long
by ForecastCity
8
NZDCHF: Short opportunity on two possible scenarios.The pair is trading on a major 1W Channel Down (RSI = 35.456, MACD = -0.012, Highs/Lows = -0.0100) that is approaching the Lower Low trend line following a rejection on the 1D MA50 on the median of the Channel. This has 0.60800 as the immediate target. There are two scenarios that arise both bearish on the long term. Either a break below the major Channel Down into a new (more aggressive) minor Channel Down towards the 1M Support (0.57400) or a rebound seeking a new Lower High and rejection on the 1D MA200, before a strong decline eventually to the 1M Support (0.57400). Why the 1M Support is a target for NZDCHF? Because since August 2011 it has been tested 3 times and every time the price broke 0.62000 it always tested (and rebounded on) that Support level. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
1
Possible Long Setup on NZDCHFPAIR IN FOCUS: NZDCHF ACTION: LONG The overall idea is a counter-trend trade - looking to enter a long position and TP at the trend line which has been broken previously. Price has broken up of a falling wedge, but still in part of a retracement of a larger bearish wave. Price has tested the 38.2 Fibonacci retracement level and slightly rejected it. The Entry Zone would see a price retrace that will provide a better R:R for this trade. The Entry Zone, TP Zone and Stop Loss have been indicated on the charting.
Long
by TraderMozo
Easy 250+ pips, dont miss! - NZDCHF - SELLAfter analysis i can say we will haveve much more bigger DOWN trend. CHF showing elf like one of strongest valuts today, he is gain some power from CAD rate cut, CPI results yestarday are be positive for CHF. On NZD today we can see he losing power, my opinion is that trend will going more down. TP1: 0.62110 ENTRY: 0.62360+- SL: 0.62750 Chart time frame - 1D Time for reaching TP - 8 - 72 hours More information soon! Follow, Like, Share or Comment Thanks on supporting! All best!
by UnknownUnicorn3983388
NZDCHF bullish (fib retracement)This is my second attempt at analysis as the first one went well if you check my previous chart. As we can see the chart has been hitting all of the fib retracement levels very nicely so far. As the final candle before the market close shut above the 0.618 fib level @ 62350 it may already be bullish and ready to shoot now but i will await further confirmation. I will await for this confirmation by seeing if it drops further and bounces off the 0.5 fib level @ 0.62213 where I will then look to enter a buy with a TP1 of 0.62544 at fib level 0.786 and TP2 of 0.62792 at fib level 1 as that's where it bounced off at the previous highest high. SL will be places just below the 0.382 fib level @ 0.6288. Very nice Risk/Reward ratio of 2 on TP1 and Risk/Reward ratio of 3.47 on TP2.
by luc_nicfx
Bearish momentumPrice opened below daily and weekly pivots. Volume confirms short position. Target yearly pivot support S1. From my pivot calculations I expect AUD and NZD pairs are going to drop about 180 pips. All major USDXXX pairs are at very crucial level - yearly pivot but volume pressure is heavily bearish and I see USDCHF is piercing down through yearly pivot but I will obstain from trading USD pairs for a few hours to see how the price action develops around yearly pivot.
Short
by ICFX
1