Nzdchf longs...The pair has approached a strong HTF support confluence of a daily upward trend line and a weekly support level...After a brief downside manipulation to mop up sells, the stage is set for longs, a 4H minor downside trend line has been breached, though not convincinly enough, minor resistance is also offered by the yellowed region...
A cute little bullish flag has been forming (highlighted in the purple rectangle) an impulsive bullish break of that and the minor structural resistances as shown should bring about some bullish action in the nearest future.
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Nzdchflong
NZDCHF | WATCHOUT LEVELNZDCHF has been trading in a bearish parallel channel. The price is trading at an important level where a breakout or break below can happen.
If the price is successfully managed to break above the level we have an excellent upside target with minimized risk. However, the break below will carry the bearish parallel channel.
NZD/CHF Full Analysis , Direction Depend On 4H Closure !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
💡Don't miss the great buy opportunity in NZDCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6398).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48.
Take Profits:
TP1= @ 0.6440
TP2= @ 0.6472
TP3= @ 0.6507
TP4= @ 0.6534
TP5= @ 0.6559
SL= Break below S2
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💡Don't miss the great buy opportunity in NZDCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6398).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48.
Take Profits:
TP1= @ 0.6440
TP2= @ 0.6472
TP3= @ 0.6507
TP4= @ 0.6534
TP5= @ 0.6559
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NZD/CHF Made Inverted Head& Shoulders ,Long Setup With 100 Pips This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
NZDCHF | LONG BIASNZDCHF has given a breakout from the strong level of 0.64600 and price is retesting the breakout level. Bulls hold a strong hand currently on the charts and we may see the surge in the price action again.
Breaking below the levels will be all over for bulls and bears will take lead.
Trade your levels accordingly.
NZDCHF | CONSOLIDATION BREAKOUTNZDCHF has been trading in a bullish parallel channel and the recent price is consolidating in a box as highlighed on the chart. We are expecting a breakout above the horizontal level.
Alternatively, if price breaks below then bears will be active and push the price to bottom of the parallel channel.
Bullish continuation NZDCHF for the week of 21 Mar Since 01 Feb, this pair has had a nice bullish run. The resistance at 0.6260 and 0.6400 regions have been overcome with ease, the pullbacks have also been mostly shallow and weak. It is my sense that the bulls are still in control here and if we get a pullback to the 0.6400 area, I will be looking to take a long trade.
An entry at 0.6400 will give us a reasonable stop loss with the target at 0.6600. This would be a +3R trade.
Bear in mind the Russia/Ukraine crisis and the possibility of sudden spikes in case of any major events in that arena.
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Always use sound money and risk management in all your trades.
Another Chance To Buy NZDCHF | How To Refresh Your AnalysisSometimes price will not respect your analysis and thats ok. This is not the time to back away from the pair, but to follow the new movement. In this video, I am showing you how I update my analysis quickly and how I tend to set my pending order for a buy.
NZDCHF LONG - Buy Entry - D1 ChartNZDCHF LONG - Buy Entry - D1 Chart
Buy @ Market
Symbol: NZDCHF
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
TP - Resistance @ 0.66149
TP - Resistance @ 0.6503
PP Y1 - Pivot Point Yearly @ 0.6391
D1 & W1 Support @ 0.63792
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