NZDCHF / H4 / 2618 Trade on NZDCHF2618 Trade on NZDCHF
Time will tell of the opportunity we see, patience is key.
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Nzdchfshort
NZD/CHF short setupTechnical Analysis: Bias Bearish
- RSI and Stochs are biased lower, RSI below 50
- MACD shows bearish crossover on signal line
- -ve DMI crossover on +ve DMI
- Upside capped at 20-DMA (0.70)
Support levels - 0.6933 (200-DMA), 0.6916 (cloud top), 0.6865 (61.8% Fib)
Resistance levels - 0.7003 (20-DMA), 0.7025 (5-DMA), 0.7066 (Jan 23 high)
Good to go short on rallies around 0.6970/80, SL: 0.7010, TP: 0.6935/ 0.69/ 0.6865.
NZDCHF Potential Short and Long OpportunityAs described in the chart.
Can be used for scalping.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
NZDCHF Possible BreakoutNZDCHF trapped in a triangle where the next destination for price is DOWN. We can expect price to drop to 0.67300 with enough selling pressure and hopefully a retest of broken support.
NZFCHF: High risk entry for SHORTFundamental:
CHF: Still an easing currency for now. However, SNB meeting today might change the current policy
NZD: Easing currency with mostly weak data, and no new release scheduled for this week
Technical:
Price Action currently rejecting Fib 0.382 level, which is also the same as the weekly resistance level
Note:
Suggest to half your lot size due to SNB meeting today
NZDCHF 12h Supply - Short in the context of a daily downtrendAll Trade Parameters shown on the chart.
NZDCHF Short strategyprice complete crab and created double top. we can short on retest neckline after double top
Sell NZDCHF on H&S Chart Pattern & Bearish Engulfing CandleThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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NzdChf - Head & Shoulder BreakoutThe NzdChf broke below key support at 0.69902 last week confirming a Head & Shoulders pattern in the process. A re-test of broken support turning resistance will provide a great place for Bears to look for shorting opportunities down towards the target of 0.69140.
NZDCHF | Channel Forecast - Bullish Pattern ConfirmedNZDCHF 100 pips target
Pending order placed
let's wait for big move as Bullish Pattern has been confirmed!
Analysis based on Channel Forecast, CHF unemployment
Trend link break in H1 Chart making it more aggressive to hit our Target we'll wait for another confirmation at 0.6975
to go Long in win BUY
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NZDCHF rebound test failedTest failed at previous. Also pair showing signs of weakness as it's failing to rise up on more than one occasion now.
NZDHFC SHORTPrice stalling after retesting the shown trend line, which is on top of a daily level and also key fib area. Very bearish long term market. Will wait for 4hr candle to close before entering, however if stays the same it'll give a high probability set up with a good risk to reward.
NZDCHF boost it's movementNZD was one of the best looser in August and the market pressure in short direction still very high.
CHF benefit from RISKOFF moment
NZDCHF will fall soon
NZDCHF Short 1h chartI just took the NZDCHF Short 1h chart based on 4H and Daily chart.
I looks like the trend is gaining momentum (It has passed the 4H seller blue line) and going down toward the Daily Seller green line.
