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Nzdchflong

NZD/CHF Major Trendline BreakoutThis broke above a major trendline last week and has now retraced to test the trendline again. If this continues to drop then it will just be a false breakout but momentum seems to be with this as NZD is strong at the moment and CHF has not been great. Looking for this to turn higher from current price or slightly lower at 0.382 Fibonacci. Also need to see EMA's cut back for long before entering a trade. Target 0.66047 although there is resistance between current price and there so there could be some hold up in that area.
Long
by olly48
NZDCHF: Is the price still GROWING in its CHANNEL?Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : NZD/CHF ⚪ Technical Analysis : In the weekly time frame, since January 2017, the price has been following a strong descending channel, temporary breaking it in March 2020. It's currently in uptrend, trying to reach its dynamic resistance line. In the daily time frame, since March 2020, the price has been following a clear uptrend, bouncing few times on its dynamic support, before getting a strong impulse that moved it up. It's currently following an ascending channel and there is a possibility to see the price reaching its weekly dynamic resistance. In the h4 time frame, the price bounced twice inside its main channel and it's currently approaching to get a possible new rejection. The next price action will be essential to understand the next market movement. 🔴 Conclusion : The price is following a strong channel, we can see a double rejection that pushed it up without any hesitation. I'm confident to see the price getting one more bounce on its dynamic support and move up breaking through the resistance level at about 0.63787, trying to reach my next target on the weekly dynamic resistance. I would get my first long position if the price will get a rejection on the dynamic support at 0.63285 and I'd open one more position if the price will pullback on the level at about 0.63900 Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
6
NZDCHF: Will the price RISE more inside its ASCENDING CHANNEL?Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : NZD/CHF ⚪ Technical Analysis : Let's start talking about the weekly perspective, the price has been following a strong uptrend, creating a rising wedge pattern started at the end of March 2020, the price is actually around the dynamic resistance of that pattern. In the daily chart, since the end of October, the price got a strong impulse on the dynamic support of the rising wedge (see the level at about 0.59593), it moved up reaching and retesting the weekly trendline. In the h4 chart, we can see the price getting a double rejection on the support level at about 0.62338, and since that moment it started a clear ascending channel (many rejections on the dynamic S/R level of the channel are an extra confirmation on this pattern). On the 6th of January, the price reached again the weekly trendline and it retested the same zone more times without breaking it. The next price action around this zone will be essential to understand the next market movement. 🔴 Conclusion : ✔️ The price has actually reached the dynamic support of its ascending channel, at the same time we can see the price retesting a previous daily support level at about 0.63739. I'm confident to see the price grows with a bullish scenario, trying to reach the channel's resistance. If the price will show us a clear rejection, we could definitely start planning a long position! Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
10
NZDCHF Buy ideaNZDCHF are having a steady uptrend on the primary trend, looking for a buy opportunity, there are crossover on the MACD area on the upside, and RSI shows that buyers are now in control of the pair. Disclaimer -Disclaimer -Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Long
by taufik8888
2
NZDCHF Gain Momentum (past few months) Long?Trend : Uptrend This NZDCHF pair is looking bullish (gaining momentum) on a higher time frame. Im looking to enter a long position if breakout occur on my resistance line. KIV inside your portfolio. Feel free to post any comment/question or any idea that you wish to share. I am more than willingly to reply you back :) 1) Please click on my profile to follow me , if you think my ideas do help you or provide you with another insight Quotes "The key to trading success is emotional discipline"
Long
by MemoriesLane
NZDCHF, daily tf, inside bar pattern continuationHello my friends, Another setup for next week is NZDCHF pairs. As you can see there is an inside bar pattern on this pair right now. I think we could pretty much see price continue to go up because NZD is bullish. It is supported by the EMA which is below the price so we will only look to buy this pair. We could also use an assumption that this upwards movement might respect elliott waves rules and marked the first 2 swing as Wave-1 and Wave-2. Right now we're on Wave-3 and i think it could go until 0.6380 area whic is where we put our take profit. Buy limit NZDCHF 0.6285 Stop loss 0.6250 Take profit 0.6380 (2.7R) RR Ratio 1 : 2.7 Use only 1-2% risk Good luck Check my NZDJPY trading plan as well on the link provided below. Give it a like and follow me for my next update.
Long
by HayatoDragonFX
1