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Nzdchfanalysis

NZD/CHF Bullish Gartley Pattern Suggests Uptrend PotentialBullish Gartley Harmonic Pattern Formation: The NZD/CHF currency pair is currently forming a Bullish Gartley Harmonic Pattern, indicating potential upward movement. This pattern is aligned with a significant support area, reinforcing our bullish outlook. Key Support and Trendline Confluence: The price has received a strong rejection at this key support level, which coincides with a critical trendline and the 78.6% Fibonacci retracement level. This confluence of technical factors strengthens the likelihood of a bullish reversal. RSI Divergence: Adding to our bullish sentiment is the RSI divergence observed on the 4-hour time frame. The RSI is showing signs of divergence, suggesting a potential shift in momentum in favor of the bulls. Trade Setup: Entry Point: 0.54125 Stop Loss: 0.53460 Take Profit Targets: TP-1: 0.54790 TP-2: 0.55455 TP-3: 0.56120 Conclusion: Based on the alignment of the Bullish Gartley Harmonic Pattern, key support area, trendline, 78.6% Fibonacci retracement level, and RSI divergence, we anticipate a potential bullish move in the NZD/CHF pair. Traders should consider entering at the specified entry point with the given stop loss and take profit targets for an optimized risk-reward ratio.
Long
by trading_jupiter
NZDCHF – should I short this? … the week of 08 July, 2024This pair is at a significant level of 0.5500 but I have to admit that I am a bit double minded. I want to go short, but cannot rule out a bullish continuation either. So let me list the Pros and Cons. Pros Preceding trend was bearish. Price is consolidating in an upward sloping channel – also known as “bearish flag” pattern. For the past 5 trading days, price has been unable to close above 0.5500. Many wicks to the up side. Cons Price is above the 200dma. Most recent price action is bullish. Weekly chart is bullish, previous structure was broken. The best way forward is to put this pair on our watch list and we make our own decision. Deciding not to trade this is a valid decision too. This is not a trade recommendation, it is just my analysis. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
Short
by Trading_Vista
NZDCHFTo provide a detailed analysis and trading strategy for NZD/CHF moving towards daily support: Analysis Current Market Context: NZD/CHF is approaching a significant support zone on the daily chart. Support Range: 0.54324 to 0.54150. Stop-Loss: Recommended to place the stop-loss slightly below the support to avoid premature exit due to potential price wicks. Trading Strategy Entry Point: Consider entering a buy position within the range of 0.54324 to 0.54150. Stop-Loss: Place the stop-loss slightly below the support range, for instance, around 0.54000. This will help to avoid being stopped out by minor market fluctuations. Take-Profit: For a conservative target, aim for the next significant resistance level. For more aggressive targets, consider multiple take-profit levels as the price progresses.
Long
by Tdawly_Official
NZDCHF I Pullback and possible swing long continuation Welcome 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. 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!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
NZDCHF – looking for pullback and bullish continuationThe recent bullish move by this pair has been restricted by the resistance zone around 0.54750. However, this zone was overcome about 2 weeks ago. After breaking through with momentum, price is now pulling back and I think it will find support at the same zone aided by the 50EMA. Let’s see how this plays out. This is not a trade recommendation. Trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management in all your trades. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
Long
by Trading_Vista
NZDCHF Technical Analysis and Trade IdeaOn the daily timeframe, the NZDCHF has displayed a strong bullish trend. Our focus is currently on identifying a buying opportunity that aligns with the continuation of this trend. Assuming price action unfolds as analyzed in the video, we anticipate favorable trading conditions. The video covers critical aspects such as trend analysis, price action insights, market structure, and a potential trade setup. As always, exercise prudent risk management when trading, and remember that this information is purely educational and not financial advice. 📈👍
Long
by fxtraderanthony
2
NZDCHF Short Trade Setup A #short trade opportunity recently presented itself on the #kiwiswissy (#NZDCHF) #trading chart 📉. This is indicated by the #bearish harami candlestick 🕯️ pattern just below the 0.54948 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell). Sufficient downward momentum should see price dumping towards the 0.54000 psychological level and possibly testing the strength of the 0.53978 horizontal support level. As always, please apply appropriate risk management. Happy trading! #crosspair
Short
by charles-okoukoni
1
Dark Clouds above the Swiss Alps ... and the economy.Quick question: Which Swiss export sector is the only one that has so far kept its head above water relatively well and did not have to report a decline in sales in the second quarter of 2023? Write your answer in the comments! (No cheating please!;) That the Swiss economy runs like a (Swiss) clockwork was once upon a time. As predicted in my CADCHF trade idea, dark clouds are gathering over the skies of the alps and also over the Swiss economy. - Manufacturing PMIs have now fallen to their lowest level (38.5!) since the 2008 financial crisis. The Swiss economy is thus following its big neighbour to the north -> good old Germany. -> One of the main reasons for this is the too strong Swiss franc, which is hurting Swiss exporters and even the otherwise so crisis-proof pharma industry. -> There is exactly one institution that could change this in no time: Which is still propping up the CHF with billions. Which is the only G10 central bank that has already managed to push inflation below the 2% mark (as I already predicted in February). This institution with the 3 letters could weaken the CHF to give the Swiss export economy at least a little breathing space. Could. Will it do so? I am sure we will be smarter by September ;) Until then, it will rain regular updates here... with the reliability of a Swiss clockwork.
Long
by PrimeTrading
10