Nzdchfanalysis
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.
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Swiss wizRationale for this trade is easy: a descending channel. The Swiss Franc came in strong yesterday being the best contender against USD and also fought against Euro despite its rally.
NZDCHF Buy This BreakoutAfter breaking the upper range earlier today NZDCHF is now also breaking the 14 EMA, besides that the Stoch RSI also shows strong buying pressure and the ADX made a strong bullish crossover. This all together makes it very likely the NZDCHF will head to atleast the 72 EMA and possibly break it.
Buy: around 0,6770
TP: 0,6820 > 0.6890
SL: 0.6720
NZDCHF Trend continuationExpecting trend continuation on NZDCHF. Last week NZD was going lower but expecting to be stronger against CHF which is affected by eurozone weakness and low interest rates.
NZDCHF-H4 CHARTHarmmonic pattern confirmation + Daily resistence hit = Good timing to sell
Tp: 0.70336 SL: 0.73314
NZDCHF A quick flybyIt looks solid long. Cash build up seems to have ended and Magic-T is pointing upwards. Trading currently above all the trend lines and the overall trend is long. There is a potential small profit of a couple of hundred pips, but the risk/reward is fair.
NZDCHFthis pair is currently respecting the trend line and should moving back up to the 0.71200 area ..
NZDCHF - SHORT ! Ascending Triangle 0.5 fib made a good resistance now i am waiting for the price to test again the support down @0.69600 100 pips will be perfect win !
NZD/CHF Short?Price coning in upwards trend to previous S/R level. Fibonacci levels not drawn yet due to Dairy auction, it may cause interruption in pattern and price may break out to .71474 area.
NZDCHF POSSIBLE SCENARIO ! THIS IS THE POSSIBLE SCENARIO IN THE NZDCHF SCENARIO 1D CHART
IF IT BREAKS THE TRENDLINE AND SUPPORT PUT SELL ORDER @ 0.69000 AND TP @ 0.66500
NZDCHF: RSI + MACD + Structure support + falling wedge = LONG YOUR LIKE MATTERS : Give it a like if this has helped you in any way , follow for more ideas and daily updates.
