NZDCHF
NZDCHF: Very Bullish Setup 🇳🇿🇨🇭
NZDCHF is nicely recovering after a sharp bearish rally.
Reaching a major weekly demand zone, the price completed a harmonic abcd pattern.
On 4H time frame, the price formed a double bottom formation and broke a rising wedge pattern to the upside.
I expect a bullish move to 0.6055.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Nzdchf inverse HEAD & SHOULDERS!!!!!!A cute inverse H&D has formed at the bullish breakout of a descending triangle.....
Am waiting for a break and retest of its neckline be for longs......
Be careful at TP1....
Pls Like, drop a quick 'thank you' in the Comments and Subscribe for more.......Thanks in advance good people.
Correction for NZDCHFEven though CHF is very strong in general but it's showing weakness. Inflation rate in NZD is also very high, New Zealand's central bank is going to increase the interest rate at least 50bp more. Downtrend but we can expect correction with enough profit.
Buy
SL: 0.587
Target 1: 0.618
Target 2: 0.632
Thank you and please leave your comments here if there is anything that i need to improve.
NZDCHF I Will return to middle of channel +120 PipsWelcome back! Here's an analysis of this pair!
**NZDCHF - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
EURCHF I LONG TERM BUY FROM DEMANDWelcome back! Here's an analysis of this pair!
**EURCHF - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
NZD pairs top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NZD/CHF Moved +50 Pips , New Short Setup To Get Another 100 PipsThis 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
How To Trade In Sideway With Real Setup On NZD/CHF 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
NZDCHF 27th JUNE 2022In a decade New zealand inflation rose to the highest level. RBNZ announced a halt to its quantitative easing program earlier due to a surprise rebound in business confidence, a sharp rise in inflationary pressures and a tight labor market.
NZD had strengthened in May after the interest rate hike, but it was not enough to tackle inflation.
NZDCHF 24th MAY 2022
NZDCHF: Price has started unfolding final wave (Y)Key levels: 0.6520
Price is forming a corrective descending channel for 13 months.
Currently, the price is facing resistance at the upper band of the parallel channel.
As per Elliott wave projection, NZDCHF is forming corrective structures (W), (X) & (Y) . Price has completed the intermediate wave (x) and started falling for the final wave (Y).
Traders can short for the following targets: 0.6362 - 0.6274 - 0.6124- 0.6052.
Invalidation: Breakout of wave (X)
NZDCHF Bullish above 0.6400 but act quickly if Support breaksThe NZDCHF pair has hit our first macro target as illustrated on the long-term (1W time-frame) analysis posted in May:
Now that the Support has been tested, we see (current chart on the 1D time-frame) a bullish reaction as the price is rebounding today. As long as the correlation with the 2017 fractal continue to hold, we should see a prolonged rebound towards at least the 0.618 Fibonacci retracement level (which is now a little over 0.64000). The 1D RSI is approaching the 30.00 oversold barrier, further enhancing that perspective.
On the other hand, be quick to cut losses and open a counter sell if a candle closes below the 0.60700 Support, as that would most likely be the start of a long-term selling sequence towards the -0.618 Fibonacci extension (a little over 0.57000).
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------