Weak New Zealand Dollar vs Strong Swiss FrancHello traders... The New Zeland Dollar continues to see heavy selling across all currency pairs as we continue through to the New York session. Fresh strength is now coming in on the Swiss Franc giving us a new opportunity to short with the NZD/CHF pair. Here's a breakdown of each pairs price movements since the start of the London open this morning:
NZD Pairs:
NZDUSD -0.52%
NZDCHF -0.46%
NZDCAD -0.17%
NZDJPY -0.51%
AUDNZD +0.25%
GBPNZD +0.27%
EURNZD +0.26%
CHF Pairs:
AUDCHF -0.22%
CADCHF -0.30%
NZDCHF -0.47%
EURCHF -0.20%
GBPCHF -0.21%
USDCHF +0.04%
CHFJPY -0.07%
Who else is shorting the New Zealand Dollar right now? Feel free to share your charts.
NZD-CHF
NZDCHF approaching resitance, potential drop!NZDCHF is approaching our first resistance at 0.6947 (horizontal swing high resistance, 100% extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.6825 (100% Fibonacci extension, horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Bullish Cup and Handle Formation at NZDCHF 4H?Hey guys. I think the photo describe it best. Price has broken the upside area but currently retracing, perhaps due to US bank holiday yesterday.
There's a potential Buy opportunity here. My target Entry zone is around 6860 which is the last swing high (higher low, HL).
TAYOR
Do share your thoughts in the comment section. All comments will be appreciated. Thank you. :-)
KHALID HAMID of TFS PRICE ACTION TRADING, TradersAward Best Trading Guru (Malaysia) 2018
NZDCHF approaching resitance, potential drop!NZDCHF is approaching our first resistance at 0.6947 (horizontal swing high resistance, 78.6% fibonacci retracement, 100% extension) where a strong drop might occur below this level pushing price down to our major support at 0.6825 (horizontal swing low support).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDCHF approaching resistance, potential drop! NZDCHF is approaching our first resistance at 0.6947 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.6779 (horizontal swing low support, 38.2% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZDCHF approaching resistance, potential drop!NZDCHF is approaching our first resistance at 0.6947 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur to our major support at 0.6779 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.