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Nzdchfanalysis

NZD/CHF 1H Chart: Channel UpNZD/CHF 1H Chart: Channel Up The New Zealand Dollar is trading against the Swiss Franc in a two day long ascending channel. Formation of the pattern represents a rebound of the currency exchange rate from the bottom trend-line of a preceding descending channel. By the moment, the channel consists of four confirmation points, which means that it has already reached maturity. Basically, the pattern might cease to exist already by the end of the day. Its vertical and narrow structure makes it very sensitive to various barriers, such as the 200-hour SMA near 0.7115. On an upcoming turn around also point out a number of technical indicators, suggesting the pair is overbought. However, if the rate manages to bypass this resistance level, it will face no other obstacles, including fundamental data releases, up until the monthly PP at 0.7172.
by UnknownUnicorn890690
POSSIBLE REVERSAL IN NZDCHF - DAILY CHARTHi Folks! Looking for a possible reversal according to some Elliott rules and criteria. If we are right we will have an ABC expanded flat which will develop a new daily impulse. Let's see how it develops, too early to plan any entries. - Hola Amigos! Buscando una posible reversión de acuerdo con reglad y criterios de la teoría de Elliott. Si estamos en lo cierto tendremos un ABC "Expanded Flat" que desarrollará un nuevo impulso en Daily. Veamos como se desarrolla, demasiado pronto para planear entradas. Carlos
Short
by ccerezo11
3
Short NZDCHF Longterm based on 4H + 1D Charts + FundamentalsStrong downtrend since the start of 2017, making lower highs. Price is locked into a strong downward channel based on the 4H chart Hidden divergence on the close of the 4H candle at 18:00 on 31st May shows the strong continuation of downward momentum. We see a possible Bearish Head & Shoulders pattern forming on the 4H chart. Fundamentals: The RBNZ disappointed some investors last month by remaining relatively dovish on interest rates despite some stronger local data. New Zealand’s interest rates are at record lows, and the central bank has suggested that monetary policy will remain accommodative for a considerable time based largely on the uncertain global picture. The Kiwi currency is still expected to remain weak with no interest rate hikes expected until early 2019. The Swiss Franc (CHF), a noted safe-haven currency, continues to get stronger. Rising geopolitical tensions between the US and Russia have seen the Swiss Franc making strong gains, benefitting from an increased demand for safe-haven assets. If the deadlock over the Syrian conflict continues then the Franc could remain on a bullish trend , in spite of the threat of market intervention from the Swiss National Bank (SNB). A 3.9 percent jump in exports in the three months through March helped push economic growth to 0.3 percent. While that fell short of the 0.5 percent forecast in a Bloomberg survey, it’s still the strongest performance in three quarters. I will look to short the NZDCHF with my stop loss at the conservative 0.70142 rate. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Short
by AEFX786
2