NZDCHF: Expecting more downside strong CHF, weak NZDPurely based on the general performance of the two currencies.
NZD has been very weak, we can see commodity prices falling and this looks set to continue.
I believe we have a double top and the neckline is broken, so expecting a continuation to the downside this week.
NZD-CHF
Selling the Kiwi: A Bearish Look at NZD/CHFHello Traders!
All timeframes are trending towards the downside, swiss is a more dominant currency overall against the kiwi. We do have a fairly strong support level nearby around 20-30 pips so make sure to bank some profits as usual once reached, if the bears manage to break the support this should continue dropping much further basing on the higher timeframe analysis.
NZDCHF - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for NZDCHF .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
NZDCHF - SNR EntryNZDCHF has made a huge success in bullish run since october as well. Now NZD has a bullish record but for CHF it is also bullish which could push NZD down. Upon Tom GDP news event
Cons are this scenrio did also happen long 4 to 5 months ago but the snr was not quite fixed and now again here, but the SNR seems proper.
also, the 1D candles shows bearish candle has crosed 2 days bull candle. now its tom we have to see what happens
NZDCHF - Wait For It!⏰Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on H4: Left Chart
NZDCHF has been overall bullish trading inside the blue rising broadening wedge. However, it is currently sitting around the upper trendline acting as a non-horizontal resistance.
Moreover, the green level 0.597 is a resistance zone.
on M30: Right Chart
For the bears to take over, we need a momentum candle close below the last low in gray.
Meanwhile, until the sell is activated, NZDCHF can still trade higher or even break the resistance zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Joe Gun2Head Trade - Selling NZDCHF into major resistanceTrade Idea: Selling NZDCHF
Reasoning: Selling NZDCHF into major resistance
Entry Level: 0.5895
Take Profit Level: 0.5802
Stop Loss: 0.5930
Risk/Reward: 2.67:1
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