Get started

Nzdchfsetup

NZDCHF Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 06 Oct M > Market is moving in a downward channel with few breakouts. Price moved up to test previous support now turned monthly resistance and faced rejection. W > We can notice that price is facing rejection from supply zones that turn into resistance. Price moved up to face rejection in 1st week of June and supply zone created in last week of June turned into resistance for price in August and September. Price is now at supply zone. D > We saw a W formation and price dropped till neck to complete the formation and moved up. Price is now at daily supply level. We expect price to drop to test demand zone as 1st target. As per COT NZD saw addition of few Long and more Short reducing net positions, confirming weakness of NZD for the said week. ZXY improved its position last week. CHF saw closure of Long and addition of few Short positions reducing net positions. SXY was very weak for the said week. SXY was strong last week. 4H > Price is continuing to create HH and HL and we need to wait for reversal confirmation for trend to turn bearish. Pair Correlation > NZDCHF has positive correlation with NZDCAD, NZDUSD and AUDCHF and negative correlation with EURNZD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
Short
by AP17FX
1
NZDCHF - SWING - 01.OCT.2020Good day guys.. Multi timeframe analysis Hour-01 Bullish engulfing Series of HH HL HH patterns Upside pressure Price above 200 EMA Price above Ichimoku cloud HOUR-4 Price above .618 Fibonacci Strong bullish candle Strong rejection around 0.60500 Price above 200 EMA Price above Ichimoku cloud DAILY Strong bullish engulfing Price above 200 EMA Price above Ichimoku cloud RSI above 50 Upward pressure NZDCHF-SWING TRADE BUY @ 0.61150 TP @ 0.62750 SL @ 0.59800 (Don't risk more than 1% of your capital) Follow our profile to get regular updates & Trade setups Donating via tradingview coins will help us to Make some valuable contents to trading our trading community
by forexorbit
NZDCHF Long Trend is your Friend! 1. One Touch, Two Touch and Three Touches complete a trend. 2. EMA Acting as Dynamic Support 3. Market has entered an area of sensitivity @ 0.61000 also know as a psychological level where institutions place orders and take profit 4. Waiting for 3 four hour candles to show signs of rejection to place Buy order 5. I will buying at current Price Level @ 0.61000 Safe SL @ 0.60600 80% Partial TP @ 0.61800 10% Partial TP @ 0.6200 Remaining Trade TP @ 0.62400 Only 5% risk will be take for this trade
Long
by Mafora