CHFNZD trade ideas
NZD/CHF BULLS ARE STRONG HERE|LONG
Hello, Friends!
We are targeting the 0.510 level area with our long trade on NZD/CHF which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
NZD/CHF SETUPFrom daily analysis market is bearish so we're only looking for shorts position,price is creating lower low and lower high from supply zones by breaking market structure toward downside.by using 1 hour structure we may start looking for sell opportunity and targeting daily swing low.trade safe
is it going to be the bearish trend for NZDCHFone will not be convinced that this pair is just entering in bearish rally unless he/she takes a look at 1D TF where the trend simply follows the DOW theory and it has marked its LH and also got rejected from Fib .50 golden pocket and now it is going downwards its LL. These are some confluences that hint that decent bearish movement can be seen on 1HR TF.
NZDCHF - Short after filling the imbalance !!Hello traders!
‼️ This is my perspective on NZDCHF.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. My point of interest is imbalance filled + bearish OB rejection.
Like, comment and subscribe to be in touch with my content!
NZD/CHF Analysis – Buy and Then Sell OpportunityYOU CAN FOLLOW THIS SIGNAL. I TAKE 100% RESPONSIBILITY
Buy Opportunity:
The pair is trading within an ascending channel and has recently rebounded from the lower trendline, indicating bullish momentum.
Entry: 0.50924
Take Profit: 0.51436 (near the upper resistance of the channel)
Stop Loss: 0.50191 (below the recent low)
Sell Opportunity:
If price reaches the resistance at 0.51436, we anticipate a potential reversal or rejection due to strong resistance.
Entry: 0.51436
Take Profit: 0.50191
Stop Loss: 0.51800 (above the resistance zone)
Fundamentals to Consider:
The New Zealand Dollar (NZD) remains influenced by commodity trends and risk sentiment. Current global uncertainty might support the Swiss Franc (CHF) as a safe haven.
The upcoming economic data releases, such as employment reports or central bank policy updates from both nations, could drive volatility in the pair.
Monitor geopolitical developments and risk appetite, as they play a crucial role in this pair's movements.
Trade cautiously, follow your risk management strategy, and wait for confirmations at key levels.
nzdchfI had previously shared a chart for nzdchf. I was expecting the wedge to rise to 0.5250 if it tested the support zone after the upward breakout, but the price broke the wedge downwards instead of upward. Now it is inside the wedge again and has formed an inverted flag formation. With the downward breakout of the channel, the TP zones will be as in the chart.
Bearish drop?NZD/CHF has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 0.51145
Why we like it:
There is a pullback resistance level.
Stop loss: 0.51381
Why we like it:
There is a pullback resistance level that aligns with the 138.2% Fibonacci extension.
Take profit: 0.50703
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NZD/CHF Short analysis Waiting after this 4h price action to enter in a short trade: Identified a downtrend in a Weekly chart, in 4h chart a head and shoulder ready to drop, a downtrend in a 4h chart too + a RSI divergence and the cherry on top would be a bearish engulfing in the running price. Good luck
Bearish drop?NZD/CHF is rising towards the pivot and could drop to the 1st support level.
Pivot: 0.51585
1st Support: 0.50252
1st Resistance: 0.52570
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.