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.
NZDCHF approaching resistance, potential drop! NZDCHF is approaching our first resistance at 0.6945 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.9278 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Long NZD/CHF on dipsNZD/CHF retraces above 20-DMA, intraday bias bullish.
Technical studies have turned bullish. Scope for test of trendline resistance at 0.69.
Breakout at 0.69 will accentuate upside. Next major resistance lies at 0.6939 (Dec 4 high).
On the flipside, the pair finds immediate support at 20-DMA at 0.6843. Break below 55-EMA negates bullish bias.
Support levels - 0.6844 (20-DMA), 0.6790 (55-EMA), 0.6749 (110-EMA)
Resistance levels - 0.69 (trendline), 0.6915 (Feb 18 high), 0.6939 (Dec 4 high)
Good to go long on dips, SL: 0.6840, TP: 0.69/ 0.6915/ 0.6940
NZD/CHF short setupNZD/CHF has broken below 20-DMA and is testing 23.6% Fib retracement at 0.6791.
We see strong support at 55-EMA at 0.6780, break below to see further downside.
Weakness till daily cloud at 0.6726 then likely. Further downside will see test of 38.2% Fib at 0.67.
Major trendline resistance seen at 0.69 level. Bearish invalidation likely on decisive break above.
Support levels - 0.6791 (23.6% Fib), 0.6780 (55-EMA), 0.6726 (daily cloud)
Resistance levels - 0.6837 (20-DMA), 0.69 (trendline), 0.6915 (Feb 18 high)
Watch out for break below 55-EMA to go short, target 0.6730/ 0.67
NZDCHF Potential Sell Setup on D1NZDCHF has respected a long-term falling trendline that started early 2015 and shows a strong selling momentum in today's trade. The overall downtrend supports a short position, together with the 78.6% Fib retracement that still holds.
Risk currencies woke up on the wrong foot, as Trump-Kim talks disappointed and US-China talks are on hold, according to Trump's Twitter feed.
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