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Nzdchfshort

NZDCHF Potential Rejection...Downtrend!!!NZDCHF is in an overall downtrend several rejections showing us that NZDCHF respect this trend greatly and has been heading down slowly. Today's candle was interesting as this BULLISH candle could be a retest candle for NZDCHF, not showing any form of strength as of now. What I will like to see is a 0.6040 daily close to confirm a retest and a clean rejection for tomorrow's candle. If so, this could be a great BEARISH trade (able to keep a good risk to reward). Price could potentially move towards a trend support (dotted line). Any further updates will be updated in my group. As of now, I am seeing a good short opportunity!!! Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
3
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 SHORT PRICE ACTION FORECAST The price action could not reach the resistance line from the kind of megaphone pattern spotted in D1, and the sellers' pressure took control. At H1, the price has recently broken an ascending trendline. Expecting a pullback to reach the critical zone to further downward momentum towards the patter's support line. The order: Type: sell-limit S/L: 20 pips - R:R | 1:4 - T/P: support level -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
2
NZDCHF - SWING - 05. OCTO. 2020Welcome to our weekly trade setup ( NZDCHF )! - 1 HOUR Bearish break and closure below main sr level. 4 HOUR Looks like prices might turn bearish now.. DAILY Good short entries to follow midterm trend. - FOREX SWING SELL NZDHCF ENTRY LEVEL @ 0.60900 SL @ 0.61130 TP @ 0.60570 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
21
NZDCHF - BEARISH BIASNZD - BEARISH 1️⃣ Republican President Donald Trump and Democratic challenger Joe Biden faced off in their first presidential debate. 2️⃣ ANZ’s Business Confidence read slightly lower at -28.5%. CHF - BULLISH 1️⃣ A fresh wave of the global risk aversion trade as depicted by a steep fall in the equity markets, did little to boost the Swiss franc's perceived safe-haven status. ===== TECHNICAL ===== - We shorting this pair on SBR level + SMA100 area on H1 chart. - NZDCHF in bearish zone.
Short
by MonsunAsia
1
NZDCHF Downfall Incoming...SHORT opportunity!!!Lets start off by looking at the current price action. We can see a nice double head pattern both rejected off the trend resistance level. We could see that price movement did obey this trendline closely with multiple rejections. Definitely, there is a small resistance level at 0.6045 but I believe such strong BEARISH outlook will give us a great short opportunity. I do see a breakout to the upside but a short BULLISH movement is still possible retesting the trend resistance once more (lower head) before the BEARISH movement. As of now, this pair is looking rather BEARISH!!! Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
2