NZDCHF, is this a reversal?NZDCHF / 1D
Hello traders, welcome back to another market breakdown.
NZDCHF pair has been trading in a Bearish trend, However, the price is showing evidence of a reversal around Key Yearly Low. Which might lead to more higher prices to see. I'll look to get on lower prices after getting the LTF confirmation in the next Pull-back phase.
Trade safely,
Trader Leo
NZDCHF
NZD/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
We are going short on the NZD/CHF with the target of 0.538 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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✅NZD_CHF SHORT FROM RESISTANCE🔥
✅NZD_CHF is about to retest a key structure level of 0.5440
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 BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
We are now examining the NZD/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.533 level.
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NZDCHF BEARS ARE STRONG HERE|SHORT
Hello,Friends!
NZD/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 6H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.527 area.
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NZD-CHF Resistance Ahead! Sell!
Hello,Traders!
NZD-CHF keeps growing
And the pair is locally overbought
So I think that after the price
Hits the horizontal resistance
Level of 0.5341 we will see
A local bearish correction
Sell!
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NZDCHF: Weak Market & Bearish Forecast
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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NZDCHF,🔴Sell opportunity🔴
NZDCHF reached the important supply zone formed as a bearish order block with FVG.
So we can expect the zone to reject the price.
We can study the price in the lower time frame for finding the trigger.
💡Wait for the update!
🗓️06/02/2024
🔎 DYOR
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NZDCHFNZDCHF was trading in descending parallel channel. The price was reacting well the support and resistance of channel.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.53200
What you guys think of this idea?
NZD/CHF BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
NZD-CHF downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 0.526 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the NZD/CHF pair.
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NZDCHF Expected Growth! BUY!
My dear friends,
Please, find my technical outlook for NZDCHF below:
The price is coiling around a solid key level - 0.5255
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.5279
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
NZD/CHF +50 Pips 0 Drawdown , New Entry & New Update Now 👌This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
NZDCHFNZDCHF is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the reasonable retracement level.
If the sell momentum continues the next target could be 0.5240
What you guys think of this idea?
NZD/CHF Ready For Sell To Give You 200 Pips For Free !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
NZDCHF: Falling Channel & Bullish Move 🇳🇿🇨🇭
NZDCHF is trading within a falling channel on a daily.
The price reached its support on Friday.
As a confirmation of the strength of a trend line, the pair
formed a tiny double bottom pattern on a 4H time frame and
broke its neckline.
We can expect a pullback now.
Target - 0.53
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