NZD/CHF SHORTThere isn't much daily volume behind any upward movement which is normally required for a strong upwards trend, I think it will go back down in the near term.
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
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KHALID HAMID of TFS PRICE ACTION TRADING, TradersAward Best Trading Guru (Malaysia) 2018
NZD CHF short from this major Zone We are staying short on the NZDCHF south of this major resistance level
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 Buy SignalPattern: 1D Ascending Triangle.
Signal: Bullish after a bounce on the Higher Low.
Target: 0.6900 primarily and if another pull back occurs then 0.69200.
NZDCHF HIT FIB LEVEL ON THE 50% MARK.
COULD EXPECT A FURTHER DOWNSIDE TO SUPPORT THEN EXPECT A RETEST AT THE 1.68150 MARK THEN A CONTINUATION TO THE DOWNSIDE
Short NZDCHFIts forming a triple roof, so this might be a great time to sell this pair, but be aware of the SL and the TP.
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.
NZD CHF SELL (NEW ZEALAND DOLLAR - SWISS FRANC)Hi there. Price has formed a reversal pattern at the top of the pattern for one more move down. Watch strong price action at the current price for sell.
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.
NZD CHF Short Entry Mid 9400 for 600 Pips We are looking to short the NZD CHF
around mid 9400 + 600 Pips for the patient trader
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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Head & Shoulders Forming. Short NZDCHFIf the neckline is broken, then im selling. A textbook head & shoulders.
