Nzdchf-short
NZDCHF Is Very Bearish! Short!
Hello,Friends!
Indecision in the market is changing
Towards a well defined bearish sentiment
And the price action on the lower timeframes
Is clearly supporting this narratve
Therefore, I think it is a goodidea to go short!
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NZDCHF: Market of Sellers
Here is our today's forecast on NZDCHF.
Our analysis is based on purely technical outlook.
According to our chart NZDCHF is coiling on resistance cluster.
Based on our viewthe price will start falling to the next structure support.
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✅NZD_CHF POTENTIAL SHORT🔥
✅NZD_CHF is about to retest a key structure level
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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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.
NZDCHF: Bears Will Push
Here is our technical view on NZDCHF.
Our analysis is based on purely technical outlook.
According to our chart NZDCHF is trading within a resistance area.
Based on our view the price will dump
to the next support level.
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NZDCHF: Will Start Falling
Here is our technical outlook on NZDCHF.
Our analysis is based on fundamental & technical metrics.
According to our chart NZDCHF is coiling on supply zone.
Based on our stand point the price will go lower
to the next support level.
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NZDCHF... A NICE SHORT OPPORTUNITY
Hello Fam,
Just like NZDCAD, the NZDCHF still has some bearish fuel to take price further down the road. I will insert the link to the NZDCAD analysis I did and you will see the similarities of both pairs. It is a no-brainer as both pairs are correlated.
Let me know in the comments what you think.
Cheers!!!