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NZD-CHF

NZDCHF Strongest possible long-term buy signal.The NZDCHF pair is on a brutal 4 week sell-off having lost almost -8%. This is of course an extension of the longer term bearish trend since the March 2022 High. As you see that High was made at the bottom of the Lower Highs trend-line that started back on the April 2013 Top. The 1W RSI however is flashing the strongest buy signal possible on the long-term as it breached the 25.000 level. There have been another 4 similar occurrences since January 2015, all of which formed bottoms and pushed the pair to at lest a 1W MA50 (blue trend-line) test, even the 1W MA200 (orange trend-line) on a longer-term time-frame. Apply the proper risk management and pursue those targets. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
Joe Gun2Head Trade - Looking for a contination lower on NZDCHFTrade Idea: Selling NZDCHF Reasoning: Looking for a contination lower Entry Level: 0.5879 Take Profit Level: 0.5756 Stop Loss: 0.5897 Risk/Reward: 5.87:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
NZDCHF About to break the 1D MA50 towards a new High.The NZDCHF pair has been trading within a long-term Channel Down pattern since the February 25 2021 High. The last Lower Low on the Channel took place on July 01 2022 and that Low was re-tested on August 29, which held, making the Support so far a Double Bottom. The 3 day rebound is now testing again the 1D MA50 (blue trend-line) for the 4th time in the past 2 weeks with strong probabilities of breaking out not just due to the Double Bottom but also due to the 1D RSI and MACD indicators. Those show that the current rebound is similar to the one that started on February. A break above the 1D MA50 can kick start the new bullish leg to the Lower Highs (top) trend-line of the Channel Down. Moderate target would be the 1D MA200 (orange trend-line). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
1
NZD/CHF Next Possible MovementNZD/CHF Technical Analysis Chart Update Time Frame - H1 According to the Pattern in Short Time Frame #STF - H1 we have #Bearish_Channel Pattern and #Rejection from the Lower Trend Line #LTL Secondly we have #Elliot_waves with the Impulsive waves completed and now it will Follow #Buy Trend to Complete its Correction Another Reason for Buy is the Buying Divergence in #RSI Indicator It is currently Standing at the Daily #Support_Level if reject with Strong Bullish Price Action then Buy
by ForexDetective
NZDCHF Wait for one last pull-back or buy the 1D MA50 breakThe NZDCHF pair has been trading within a Channel Down pattern since March 2021. It made its most recent Lower Low on July 01 2022 but since July 08 it has been consolidating sideways. This has caused the 1D MA50 (blue trend-line) to get very close. If it breaks, that would be a technical break-out buy signal. However as long as it fails to break, there are higher probabilities to buy lower. At least this is what took place on January 13 where after a near rejection, the price made one last pull-back to the Lower Lows (bottom) trend-line of the Channel and then emphatically rebounded for two months. The 1D RSI sequence tends to agree that we are replicating a similar price action. In both cases the target would be the red trend-line just below the Lower Highs (top) of the Channel. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
NZD/CHF | SHORT TRADE ENTRYhello everyone x) looking at the higher time frames, nzd/chf is looking pretty bearish, broke past a 4-hour uptrend as well as also crossed 20/50/100 moving averages suggesting selling power. 1-hour bearish engulfing candlestick closure to confirm the entry. Both currencies are being slightly bought by the hedge funds but I believe this trade has a good potential to continue to move further down to re-test at least one of the previous bottom levels.
Short
by fxtraderkristina
NZDCHF Bullish above 0.6400 but act quickly if Support breaksThe NZDCHF pair has hit our first macro target as illustrated on the long-term (1W time-frame) analysis posted in May: Now that the Support has been tested, we see (current chart on the 1D time-frame) a bullish reaction as the price is rebounding today. As long as the correlation with the 2017 fractal continue to hold, we should see a prolonged rebound towards at least the 0.618 Fibonacci retracement level (which is now a little over 0.64000). The 1D RSI is approaching the 30.00 oversold barrier, further enhancing that perspective. On the other hand, be quick to cut losses and open a counter sell if a candle closes below the 0.60700 Support, as that would most likely be the start of a long-term selling sequence towards the -0.618 Fibonacci extension (a little over 0.57000). -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
2
NZD hit 52W low | SHORT TRADE- Alright, I like this trade because it's trending towards the downside on the higher time frames. If we look at the daily TF, we can see multiple rejections off MA 20, suggesting that sellers are really in control of the market. - On a 4-hour time frame, the price broke both moving averages and we have a recent 1-hour bearish engulfing candlestick suggesting further bearish movement. - Both currency pairs are being sold off by the hedge funds, but NZD is being sold off more heavily since it hit a 52-week low. - If support is broken, there is a possible push > exhaustion scenario, and the trade will continue to move down. 
Short
by fxtraderkristina