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Nzdchfshort

NZDCHF SHORT PRICE ACTION FORECAST The price remains under clear bearish bias, expecting a pullback towards the previous demand zone for downtrend continuation after the retest allows the placement of a sell order capturing the movement towards the prior support area. The order: Type: sell-limit S/L: 16 pips - R:R | 1:2 - T/P: previous support -- *** 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
1
NZDCHF: Rejection off resistance level...What now?Once again, NZDCHF obeyed its trend line as it continues to fall within the range of the trend lines. We could see NZDCHF price level obeyed this trend resistance level multiple times with no sign of breakout. Keeping the overall trend in mind, a recent rejection with a continuation BEARISH movement to what seems to be a H&S pattern potentially forming. What we can see now is a rather strong BEARISH outlook for this pair with no sign of breakout just yet. I will see it retracing back to 50.0 fib level drawn in my chart forming a support zone with 0.6040 support line. 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
NZDCHF on a fib level 🦐On the daily chart NZDCHF got rejected by the trendline and started a retracement move till the 0.382 fib level. Market hit the daily resistance and in now turning back for the bullish trend. If the market will break below the lower structure we can set a nice short order according with Plancton's strategy ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
1
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.
Short
by TheForexFellows
2
NZDCHF - Lovely PairWe came to test the key structure at level 0.62250 and rejected it multiple times, we are now seeing signs of a sell off from this region. The previous bearish engulfing daily closure suggests to me that this pair is pointing more for a sell than a buy. I have marked the target levels I am interested in as well as the level that I would consider buys from if broken. 41.4% of commercial players are short according to our COT Data source (This is my only concern)
Short
by AlkalineFX