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Nzdchf-short

NZDCHF came to strong RESISTANCE zone. Next - FALLAfter last November the price touched the 0.633 resistance line and bounced from it to the 0.623 support line, the price began to move in an upward channel. The channel continues between these two lines. However, during the growth, the price came to the strong resistance zone at the 0.648 point. This zone formed at the intersection of two lines. The first is the trend line. the second is a strong resistance line formed on the chart in July 2017 and combining the price highs. The last time the price touched this line was in 2019, after which it collapsed and moved under it for almost two years. Therefore, now that the price has come to the line again, I expect that it will not be able to break it. On the chart, we can already see how the price bounced off the zone and showed a slight downward movement. I expect it to fall further and come to the 0.635 support line. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
6
NZDCHF Falls at intersection of channelsThe last few years since 2017, the price has been in a global downtrend. This trend peaked in February 2020. The price fell to its annual low of 0.529. After this collapse, noticeable growth began. The price has formed an ascending channel (crossing the main descending channel). Already in November, during the growth, the price was able to break through the support line at 0.615 (the lower line of the falling channel). And reach the point 0.639 (the resistance line of the ascending channel). After that, Price made a small rollback. In my opinion, this will be part of the corrective movement. I expect the price to be: 1. Will return to the resistance line (line of the ascending channel). 2. Break it and rise to the resistance 0.650 (line of the descending channel). 3. Will fall and come to the support zone (intersection of channel lines). The target is 0.603. ------------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Short
by DeGRAM
9
NZDCHF finish falling and start growth to resistanceAt the beginning of the year, the price collapsed. Only by March did the pair enter a growing trend. Growth is stopped by the resistance line 0.629. The first time the price touched it in June. Then in October it bounced off the 0.637 resistance zone (crossing of strong lines). One of the lines forming the zone stopped the price for the first time in 2015. And this time the price also fell from the resistance zone. I expect the price to touch the GJL support line in the 0.615 zone. And then it will rise to resistance. The target is 0.634. ------------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Short
by DeGRAM
4
NZDCHF push off resistance and fallIn early November, the price bounced off the support line 0.606. This was the basis for strong growth. Until the price came to the resistance zone. At the end of the month, it touched the resistance line 0.638. And for some time she moved along it. But then she fell. This movement is a correction for strong growth. Now I expect the price to rise again towards the resistance zone. The resistance zone to which the price will come is strong. This is the intersection of two lines from 2015 and 2019. In my opinion, the price will not be able to break through this zone (there is not enough support) and will fall to the support line. The target is 0.617. -------------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Short
by DeGRAM
11
NZDCHF falling in two steps In December 2019, the price collapsed from the strong resistance line at 0.655. And for the entire 2020, she was unable to return to her previous positions. Now the price has again come to the same strong resistance line at the 0.638 point. A resistance zone formed here: the strong line of 2015 + the line of 2019. The price never broke through the 2015 resistance line. And this time also began to fall from her. I expect the price. 1. Will break through the nearest support line 0.613 and consolidate on it. 2. Will fall to the 0.594 support line. This is the goal. -------------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Short
by DeGRAM
5
NZDCHF good sell signalIn my previous analysis, I said that the price had bounced from strong support line and after break strong level, it was going to reach resistance line. This forecast came true. Today the price has come to the resistance line from Julie 2020. I expect the price to fall towards the support line. This tells us a good sell signal. The expected TP is at the support line positions. Mandatory SL - resistance lines. -------------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Short
by DeGRAM
12