NZDCHF I Potential short-term buyWelcome back! Let me know your thoughts in the comments!
** NZDCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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NZDCHF
NZDCHF - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
NZDCHF has been stuck inside a range in the shape of a symmetrical triangle and it is currently retesting the upper trendline.
Moreover, the zone 0.557 is a strong resistance.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As NZDCHF is sitting around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDCHF - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on NZDCHF.
Technical analysis: After the change of character here price started to form lower lows and lower highs, so I am looking for shorts. I want price to fill the imbalance higher and then to reject from bearish order block.
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NZDCHF Expanding channel formed on a hourly supportNZDCHF has experienced a reversal at a support level formed on the hourly timeframe. Additionally, an expanding channel has been identified as another significant structure. The current market price has confirmed a bullish breakout from this expanding channel, indicating the potential for a rally towards the swing high around 0.56500.
NZDCHF- Future of the the pair yet to be decided!Dear traders, Bears have failed to break through the recent lows, indicating the change of the character to occur in coming days or weeks. Firstly, we need to wait and see how price behave in the coming week. If we see strong bullish price action, we can see a strong ‘bullish impulse’. If price fails and bears keep the selling momentum as it is then we will see another strong bearish impulse.
✅NZD_CHF TIME TO BUY|LONG🚀
✅The retest of the strong support level of 0.544 by NZD_CHF
Has happened after the pair has been trading
In a local downtrend for some time
Which makes price growth a likely scenario
With the target being a local resistance above at 0.5475
LONG🚀
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NZDCHF to drop again after a Short Formed M FormationShort Formed M pattern has formed where the second rounding top has a lower high than the previous.
This confirms the sellers are in control.
Now that the price has broken below the neckline, means we can expect the price to make the next down leg.
A conservative entry will be for one more leg up, test and break down.
200>21>7
RSI<50
Target 1 will be at 0.52711
NZDCHF Will Go Higher From Support! Long!
Please, check our technical outlook for NZDCHF.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 0.545.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.547 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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NZD/CHF My Opinion! BUY!
My dear friends ,
My technical analysis for NZD/CHF is below:
The market is trading on 0.54541 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.54777
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
NZDCHF: Bullish Continuation
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the NZDCHF pair which is likely to be pushed up by the bulls so we will buy!
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NZD-CHF Long From Support! Buy!
Hello,Traders!
NZD-CHF fell down sharply
And the pair seem to be
Locally oversold so as the
Price is about to hit the
Horizontal support level
Of 0.5436 I think we will
See a nice bullish correction
Buy!
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Check out other forecasts below too!
NZDCHF ____ INCOMING BEARISH MOVEHello Traders,
I did an analysis on this pair some days ago (inserted below). My bias hasn't still changed.
I still speculate that NZDCHF will make it to TP. Not to be rigid or dogmatic in my approach, but the market structure as of today supports the bearish move.
Also, NZDSGD which is a correlated pair is having same bearish structure.
You may want to keep this on your radar.
Follow me for more updates.
NZDCHF Previous Analysis
NZDSGD Correlated Pair
Cheers,
Jabari
Some comments in the unstable market!GBPCAD: Although limiting wage increases should, in theory, help the Bank of England (BoE) tame inflation, such a decision could pave the way for union strikes and put the UK economy in a tougher spot than it already is. Meanwhile, the uncertainty surrounding this issue is likely to cause investors to stay away from Pound Sterling.
GBPJPY: On the Japanese Yen front, soft inflation data has added some pressure. Scrutiny of Japan’s inflation report conveyed that contribution from higher oil prices is fading and domestic demand is contributing effectively. This could be the outcome of higher wages due to consistent monetary stimulus by the BoJ.
EURJPY: The European Central Bank's forum on central banking in Sintra has started, with many central bank officials from around the world in attendance. ECB President Lagarde will speak several times, as will other ECB policymakers, starting on Tuesday. If the ECB wants to send a message to the market this week, it has an opportunity. The most likely scenario is to stick to the current "data-dependent" mantra, signaling another rate hike in July.
NZDCHF: The 4-hour chart highlights a possible Butterfly formation with the next leg being CD to the upside. We have formed a bullish Morning Doji Star pattern at the base. This formation is often seen at the bottom of a trend and the start of a new upside bias.
NZDCHF LONGIn the daily timeframe price has been moving in a symmetrical triangle , we see that price has touched the lower trendline of the triangle , which fueled a move to the upside before a retracement of just below 78.6% , Now price formed a W pattern then retraced to the neckline of the W we could see a potential upside from this neckline . However NZD being in recession doesn't really help much the currency from the fundamental side of things
NZDCHF, More upside to see?NZDCHF / 4H
Hello traders, welcome back to another market breakdown.
NZDCHF seems to be respecting a bullish structure and pushing higher. I'll look to get a position on this pair as long as the structure is respected.
Checkout the chart for what type of confirmation I would like to see first.
Trade safely,
Trader Leo.
NZDCHF - Risky long ✅Hello traders!
‼️ This is my perspective on NZDCHF.
Technical analysis: As I said in my previous analysis I look for a short from bearish order block, but as a risky long, I will see price to fill the imbalance lower and then to reject from institutional big figure 0.55000.
Fundamental analysis: This week on Thursday we have news on CHF, will be released Interest Rate. Follow the results in order to validate the analysis.
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NZDCHF Potential DownsidesHey Traders, In today's trading session, we are closely observing the NZDCHF currency pair for a potential selling opportunity around the 0.55800 zone. NZDCHF is currently exhibiting a downtrend, but it is currently in a correction phase, meaning that it is undergoing a temporary upward movement within the larger downtrend. As part of this correction, NZDCHF is approaching a significant trendline at the 0.55800 level, which could act as a resistance and push the pair back down.
It is important to note that this week, the Swiss National Bank (SNB) is holding a meeting, and market participants will be paying attention to any announcements or actions taken by the SNB to counteract the depreciation of the Swiss Franc (CHF). The SNB may employ measures such as interventions or changes in monetary policy to stabilize or strengthen the CHF. This event could potentially impact the NZDCHF pair and should be monitored closely.
Additionally, it is expected that the Reserve Bank of New Zealand (RBNZ) will pause the interest rate hikes in the near future. This means that the RBNZ is likely to hold off on further increasing interest rates for now. This expectation could influence market sentiment surrounding the New Zealand Dollar (NZD) and potentially contribute to a weakening of the currency.
Therefore, traders and investors should keep an eye on both the SNB meeting and the RBNZ's stance on interest rates as these factors could have an impact on the NZDCHF pair in the coming days.
Trade safe, Joe.