NZDCHF
NZDCHF Will Move Lower! Sell!
Here is our detailed technical review for NZDCHF.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.564.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.556 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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NZDCHF Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring NZDCHF for a selling opportunity around 0.566 zone, NZDCHF is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.566 support and resistance zone.
Trade safe, Joe.
✅NZD_CHF SHORT FROM RESISTANCE CLUSTER🔥
✅NZD_CHF is trading in a downtrend
And the pair is about to retest
A resistance cluster of the
Falling and horizontal lines
At 0.5663 from where
A bearish reaction and
A move down towards
The 0.5583 area is
To be expected
SHORT🔥
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NZDCHF, cooking some massive moves soon...NZDCHF weekly data is showing some immense accumulation at the current price range.
Expect some generous price movement to the upside very soon.
Net buying / accumulation on weekly data has started pouring in, and higher lows on histogram (weekly) has been created as well.
One thing is for sure, the price shift to the upside will not be subdued.
Spotted at 0.552
TAYOR.
Safeguard capital always.
NZDCHF - Bearish TrendBased on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs).
Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present.
I recommend taking a short trade with a risk/reward ratio of 1:1.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
NZDCHF Short Setup?NZDCHF presents a slightly bullish scenario yesterday and today. Personally, I saw the price return to a supply zone where a false breakout was recorded. The objective is to look for a short position, we will see if the market creates a bearish scenario. Patience is the key.
Let me know your thoughts.
Good trading to everyone.
NZDCHFAt the same time that we want to look at the eurnzd sales pair, due to the negative correlation with this other pair we can see that the trend is inverse here. So we will look for a reversal in this big drop until we reach the liquidity vacuum created. Remember that it is a pending order.
Al mismo tiempo que queremos buscar en el par eurnzd ventas, por la correlacion negativa con este otro podremos ver que aqui la tendencia es a la inversa. Así que buscaremos un retroceso en esta gran caida hasta llegar al vacio de liquidez creado. Recuerda que es una orden pendiente.
NZDCHF - Short active ✅Hello traders!
‼️ This is my perspective on NZDCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect bearish price action from here as price rejected from bearish order block. My target is sell stop liquidity.
Fundamental analysis: Tomorrow will be released Unemployment Rate on NZD, which is forecasted to increase, this means weakness for currency. As well, on Friday will be released monthly CPI on CHF.
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NZDCHF - Time to catch BIG wave C possiblyIn Daily time frame, price just sweeps the SSL and formed SMT, then go up, we already in from last week.
If not in, watch for the bearish trendline to break indicating that we're in wave 2 retracement (correction).
The lower the correction goes, the better as we've got a strict invalidation level to work with
NZDCHF LongOn a daily timeframe momentum meter, NZD seems to be recovering it's strength just as CHF is losing it's strength. We've seen NZDCHF take a monthly low liquidity to then retrace back and finish above the liquidity point, having a strong weekly close upwards after the previous week recording the lowest weekly close yet. I'm expecting to see a lovely intraday retrace back up after a retest downwards, we're looking for the retest to reject and show us a change of structure before taking this trade.
R:R 1:15
Trade safe.
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✅TS ❕ NZDCHF: near the border of the channel✅✅ NZD/CHF reached the support level.
The price returned to the lower border of the channel.
We believe that the chart may continue the bounce. ✅
🚀 BUY scenario: long to 0.55373 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
NZDCHF - 500pip Wave C... Catch it!NZDCHF is showing us a nice clear FLAT correction = 3-3-5. We've completed waves A and B. We are now in Wave C.
We are still at the very start of this massive move so an entry here would require a relatively small SL!
Trade Idea:
- Enter with stops below the lows
- Target: 0.578 (300pips), 0.6 (500pips)
Goodluck and as always, trade safe!