Nzdchfanalysis
NZDCHF ANALYSISWe have seen this pair showing some uptrend structures recently.
Structural higher highs and higher lows continue to form and price has also managed to break above a key level on the 4hr time frame.
Short term, we could see price move back to 0.64400.
NZDCHF Short into 0.63300Confluences
a. Corrective
b. FIB Golden Zone from Push since the current Price action is Corrective
c. Key level
NZDCHF We Are At Level 2 Asian Box
-We Seeing A Stop Hunt High
-We Expect A DROP TO VIOLATE THE RESISTANCE (X) > PREV LOW
- Taking Out The BSL(X) ,
- FORMING Level 3 > Reversal (W-Formation)
NZDCHF Short into 0.63212The 0.64500 serves as a great barrier which has been rejected on daily time frame.
It also rejecting the key level and previous low here at daily timeframe .
Here are the confluences;
a. Daily FIB from push (since there is an impulse and kinda corrective on lower time frame)
b. Daily key level and previous low
c. Major psychological level (0.64500)
NZDCHF Long OpportunityHey, if you like this idea be sure to support with a like and a follow.
Here is my analysis for NZDCHF for the upcoming week, wait for price to pullback to retest support and take a long up to the next resistance area .
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND?
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
NZD/CHF SHORT TRADE IDEANZD/CHF Signal
Market Sell: 0,64550
Stop-Loss: 0,65050
Target 1: 0,64000
Target 2: 0,63200
Stop-Loss: 50 pips
Risk: 0,5%
Risk-Reward: 2,7
NZDCHF RETESTS A DAILY RESISTANCELooking back at the daily time frame, price broke below a daily level of support and is now coming back to retest this level as resistance.
We have already seen the rejection from this level, so we'd wait for price to form a lower high before we take short positions.
Targets remain at the previous low that price created.
NZD/CHF New 2 Short Setups Avialbe To Catch 150 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
NZDCHF Buy signal!!Hello Traders,
NZDCHF bounced from a very strong level of support and it is likley to continue it's long term uptrend.
a buy signal is justified.
NZDCHF - Forex Supreme When deciding on a Forex pair one must clearly be thinking:
- What is the best currency (economy) to buy
-Which is a 'suffering', weak currency (economy) to short
For the first part I find NZD (the New Zealand Dollar) to be in the first category for a variety of reasons (good relations with China, data has been strong, Central Bank)
For the second part I choose CHF (soft performance, low interest rates, yet not so volatile)
Traded in a pair, NZDCHF looks right but what does the chart say? Well take a look: 2 support levels seem like a prefect entry.
Let's see if it works!
the FXPROFESSOR
NZDCHF Expecting Bulish for Short Term.NZDCHF just broke out the downtrend channel on the H4 time frame.
NZDCHF potential short opportunityStrong weekly bearish closure
Daily chart - we are (still) in a uptrend and just retraced to 100% fib level (last place it can retrace too before breaking the structure), however we did gap on Sunday and the gap has not been filled yet, so can this go further down at least to fill the gap.
H4 -currently under a downtrend.
30m chart - downtrend, started retracing and came back to retest previous level of support as potential resistance testing also the 61.8% fib level. lets see if it holds
NZD/CHF New Short Setup Available To Catch 150 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
Scenarios on NZDCHFDescending correction possible continue the trend.
Good luck.
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NZDCHF BUY LIMITSWING TRADE
NZDCHF BUY LIMIT
ENTRY: 0.64286
SL: 0.638589
TP 1: 0.64583
TP 2: 0.64983
TP 3: 0.65365
TP4: 0.65746
TP 5: 0.66575
TP 6: 0.67522 [323PIPS}
NZD/CHF Running In 40 Pips From Last Analysis , Did U Catch It ?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 Expecting Bulish for Short Term.As we can see, the NZDCHF price recently breakout the recent higher high support, and this is where we can expect a short term downtrend.
Coming up… NZDCHF long .. the week of 10 May, 2021This pair has been mostly bullish since May2000 but is consolidating in a downward sloping channel since February this year. As you can see the channel structure is very clean and price has been respecting it both to the up and down side. Note also the area around 0.6480 that has been a good support. I am looking for price to come down to this area and if it holds, I will take a long position.
It is possible that price will slice through to the downside in which case I will be looking to see if the channel structure holds again. Either way, I am of the opinion that the bullish trend will soon resume. The levels above to watch will be 0.6610 and then 0.6740 that was the previous high.
I like to trade with the trend so will be waiting for such an opportunity to present itself. If the support zone and the channel fail to hold price, the next area of interest will be the 0.63160 region.
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As always, please use sound money and risk management in all your trades.
