NZDCHF Will Go Higher! Long!
Here is our detailed technical review for NZDCHF.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.526.
Considering the today's price action, probabilities will be high to see a movement to 0.537.
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
NZD/CHF BEARS ARE STRONG HERE|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 0.519 level.
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NZDCHF Short-term buy on this Channel Up.The NZDCHF pair has been trading within a short-term Channel Up and yesterday hit its bottom, technically pricing the new Higher Low. Being around the 4H MA50 (blue trend-line) currently, we expect this to be the start of the new Bullish Leg.
The previous two rose by +2.63% and +2.19% respectively so we expect the current one to be at least another +2.19% from the Higher Low. As a result our short-term Target is 0.53100.
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Bullish bounce?NZD/CHF is falling towards the support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.52180
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.51706
Why we like it:
There is a pullback support level.
Take profit: 0.52840
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZDCHF Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring NZDCHF for a selling opportunity around 0.53400 zone, NZDCHF was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.53400 support and resistance area.
Trade safe, Joe.
NZD/CHF Reversed Head And Shoulders Will Change The trend Soonon the 4H timeframe we are witnessing a reversal pattern that might change the game for NZDCHF. according to the chart u will see that the neckline is close to a trendline we need to wait and see a 4H candlestick close above that neckline to confirm the reversal movement in this chart.
once we get the confirmation we can enter a buy trade directly or wait for a nice retest to confirm the upside movement.
Potential bullish rise?NZD/CHF has bounced off the pivot which has been identified as an overlap support and could rise to the 1st resistance.
Pivot: 0.51877
1st Support: 0.51360
1st Resistance: 0.53029
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDCHF, targeting a +400 pip ASCEND!NZD weekly data is suggesting massive net buying / accumulation at the current price level.
Higher low formation on histogram has been created conveying the current level to be the new base for the incoming series of price growth.
Expect a more than average bounce from the present pricing.
Other key notes: Descending trendline is gradually shifting to the upside. Bubble up volume appears (bottom indicator). Huge hint.
Weekly descending trendline broken for the first time since the start of the year.
Spotted at 0.55000
TAYOR
Safeguard capital always.
NZDCHF: Short Trade with Entry/SL/TP
NZDCHF
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell NZDCHF
Entry - 0.5239
Stop - 0.5294
Take - 0.5149
Our Risk - 1%
Start protection of your profits from lower levels
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Bearish drop?NZD/CHF has reacted off the pivot which has been identified as a pullback resistance and could potentially drop to the 1st support which is a pullback support.
Pivot: 0.52360
1st Support: 0.51456
1st Resistance: 0.52789
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZD/CHF: Historical Low Signals Potential ReversalThe NZD/CHF pair recently reached a significant milestone, hitting its lowest historical point around 0.48551. This drop has caught the attention of traders, particularly as it aligns with a potential reversal pattern. Analyzing the situation through the lens of the Commitment of Traders (COT) data and seasonality trends, we've identified a promising opportunity to enter a long position in anticipation of a price surge.
The drop to 0.48551 marks a critical level where the pair has historically struggled to go lower, making it a key area of interest for buyers. The significance of this bottom cannot be understated, as it represents a psychological barrier where demand is likely to increase, leading to a potential reversal. The initial signs of this reversal are already in motion, with the price showing signs of recovery from this low.
Further supporting our decision is the analysis of the COT report, which provides insight into the positioning of large market participants. The latest data suggests that there has been a shift in sentiment among these traders, with an increasing number of them positioning for an upward move in the NZD/CHF pair. This shift in sentiment is a strong indicator that the pair might be poised for a recovery.
Seasonality also plays a crucial role in our analysis. Historically, certain periods have been more favorable for the New Zealand dollar, leading to a rise in the NZD/CHF pair. Our study of seasonal trends aligns with the current technical setup, reinforcing the likelihood of a price surge.
In light of these factors—the historical low, COT analysis, and seasonality study—we've chosen to enter a long setup in NZD/CHF, anticipating a significant upward movement in the near future. Traders should consider this opportunity, as the potential for a reversal from this historical low could lead to substantial gains.
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Bearish drop?NZD/CHF is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 0.52292
Why we like it:
There is a pullback resistance level.
Stop loss: 0.53016
Why we like it:
There is a pullback resistance level.
Take profit: 0.51116
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZD/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are targeting the 0.511 level area with our short trade on NZD/CHF which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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Bearish reversal?NZD/CHF is rising towards the resistance level which is an overlap resistance that aligns with the 78.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.51841
Why we like it:
There is an overlap resistance which lines up with the 78.6% Fibonacci retracement.
Stop loss: 0.52432
Why we like it:
There is a pullback resistance level.
Take profit: 0.51044
Why we like it:
There is a pullback support level which aligns with the 38.2% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
My Entry Reasons And How To Make 2500 Pips Weekly 0 Drawdown !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.
Some Of My Entry Reasons , How I Have 10 Wins Tardes Per Week !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.
NZD-CHF Very Risky Long! Buy!
Hello,Traders!
NZD-CHF is collapsing
Further down and has lost
Almost 7% from the local peak
So the pair is massively oversold
And as it is about to retest
The horizontal support of 0.5237
A local bullish correction
But this is a risky setup
Because of how easily
The pair broke all the
Previous support levels
So please use no more
Than 0.5% of the account
For this trade
Buy!
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NZD/CHF Vey Near Best The Place To Buy It And Get 250 Pips !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.
NZD/CHF BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
We are now examining the NZD/CHF pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.541 level.
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