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Nzdchfanalysis

NZD/CHF SELL SIGNAL Hey tradomaniacs, welcome to a new free trading-setup Notice: This is meant to be a preparation for you. As always we will have to wait vor a confiramtion. NZD/CHF: Daytrade-Preparation Market-Sell: 0,60960 Stop-Loss: 0,61300 Target 1: 0,60630 Target 2: 0,60410 Target 3: 0,60170 Stop-Loss: 34 pips Risk: 0,5% - 1% Risk-Reward: 2,33 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
NZDCHF: Rejection off resistance level...What now?Once again, NZDCHF obeyed its trend line as it continues to fall within the range of the trend lines. We could see NZDCHF price level obeyed this trend resistance level multiple times with no sign of breakout. Keeping the overall trend in mind, a recent rejection with a continuation BEARISH movement to what seems to be a H&S pattern potentially forming. What we can see now is a rather strong BEARISH outlook for this pair with no sign of breakout just yet. I will see it retracing back to 50.0 fib level drawn in my chart forming a support zone with 0.6040 support line. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Short
by YGForex
NZD/CHF - bearish momentum pushing price lowerNZD/CHF price has been within a respected descending weekly trend channel since 2017. Price did break out of this channel back in March as a result of the coronavirus pandemic, however, re-entered forming an ascending daily trend channel. Price did not retest the upper boundary of the weekly channel as price ran into resistance before that at 0.62 (the lows from September 2019), at which point price formed a lower high on the weekly time frame. After running into resistance from September 2019 lows and also the 50 DAY EMA, the daily trend channel was broken to the downside in Late-July. As a result, price has been on a bearish spiral ever since. After breaking strong support at 0.59693 we are expecting price to continue further to the downside as a result of the bearish momentum in the market, with an initial price target of 0.5890. A longer term target would be a retest of the lower boundary of the weekly channel at possibly 0.5750.
Short
by TheForexFellows
2
NZDCHF - Interesting IdeaInitially I thought we would see immediate rejection from the key daily supportive level marked but we didn't. I personally believe most retail traders would have been buying at the area using a tight stop loss. Now that banks have come in and driven the price down to SL hunt, they may have now gathered enough liquidity to drive prices higher. I will be waiting for a break and retest of this small resistance marked before considering a long position. If this set-up completes it could provide us with a great risk to reward trade.
Long
by AlkalineFX
2
NZDCHF Could Break Its Trend Resistance... NZDCHF managed to reject off a trend support level, with another 61.8 fib level retest. As we start seeing multiple retest on trend resistance, we have to keep in mind that the trend resistance will weaken and thus I will be seeing a potential breakout opportunity. We should always react to the market however if we see another rejection. As of now, I will be taking a good BULLISH trade to the trend resistance level. If we see a breakout, price level could go all the way up to 0.6547 price level which will be a rather strong resistance level to look out for. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Long
by YGForex