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Nzdchf!

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
NZDCHF 16th SEPTEMBER 2022Strong bearish started to be seen on NZDCHF Daily after a few days of downward breakout from the support area. This is supported by the expectation of the SNB to leave negative interest rates, Forecasts suggest the SNB will raise interest rates from -0.25% to 0.5% on the 22nd of this month. Before the SNB rate change CHF already looked strong due to the buy the rumors movement. While New Zealand is on the brink of recession, the CPI figures released seemed to worry the market. The New Zealand government moved to offset some inflationary pressures by extending the duration of cuts to fuel excise taxes, road user fees and public transport fares.
Short
by DNP-FX
1