Nzdchfforecast
NZD/CHF LONG SET UP TITLE/(DATE)- Buy NZD/CHF (8/19)
ASSET- FOREX
PLATFORM- MT4
ORDER TYPE- market execution
Time Frame- 4HR
ENTRY PRICE 1- 0.59240
ENTRY 2- 0.59040 (pending)
STOP LOSS- 0.58840 (40PIPS)
TAKE PROFIT 1- 0.59640 (40PIPS)
TAKE PROFIT 2- 0.60040 (80 PIPS)
TAKE PROFIT 3- 0.60440 (120 PIPS)
STATUS: Active
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.
NZD/CHF BUY SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
NZD/CHF: Day-Swingtrade-preparation
Market-Buy: 0,60910
Stop-Loss: 0,60545
Take-Profit: 0,61460
Stop-Loss: 36,5 pips
Risk: 0,5 % - 1 %
Risk-Reward: 1,53
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Peace and good trades
Irasor
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NZDCHF CAN GO BOTH SIDES.**ENG**
- Price just reached our reversal area, we had an initial bias of a bullish position from this area, however price is currently very impulsive and can easily break.
- If price starts to consolidate around this area, we would look for a bullish signal and enter long.
- If price breaks this level, we would wait for the retest of the zone, and then enter short.
**PT**
- Preço a atingir a nossa zona de reversão, inicialmente tínhamos uma opinião bullish, no entanto devido ao quão impulsivo o preço se encontra, há uma enorme possibilidade de quebra.
- Se o preço consolidar por volta desta zona, o melhor será aguardar por um sinal de subida e entrar em compra.
- Se o preço quebrar esta zona de suporte, o melhor será aguardar pelo retest e entrar em venda.
NZD/CHF could go lower if resistance holds💡Hello traders,
Hope you are having fantastic summer and also are finding time for trading as well :)
I will really apricate any likes and follows, that would help grow this channel.
Let's take a look at NZD/CHF on daily chart. We can see that price is at key resistance line. We believe NZD will have tough week and many pairs involving kiwi will see down movement. However, we will wait for confirmation before entering any trades.
Let us know what you think about this idea.
Trade safe !
NZDCHF Daily could have a long run . We pay attention on price Having a look on my chart on Renko, Heikin-Ashi , PSAR , LWMA 200,50,40,7 on
D,4H,1H I got a long entry signal .
CHF Unemployment rate increased to 3.4% during the time . Jan was 2.6%
GDP Growth rate decreased -2.6%
GDP Annual Growth rate decreased to -1.3%
Retail Sales decreased to -14.7%
NZD Unemployment rate increased to 4.2% is below Jan 2020 4.3% last month 4.2%
GDP Growth rate decreased to 0.5% is positive and is not minus
GDP Annual Growth rate decreased to 1.8% is still positive
Retail Sales desecrated to -0.7%
NZDCHF SELL IDEAThis trade is attempting to catch the continuation to the downside as price has reached an important ascending trendline. Price had made a lower high on two occasions so we are anticipating the third.
Due to the fact on the higher time frames (1W & 1M) this pair looks to be bullish I will be using a smaller stop loss than normal
Always use 1-2% risk per trade
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