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SWISS FRANC / NEW ZEALAND DOLLAR

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CHFNZD trade ideas

Dark Clouds above the Swiss Alps ... and the economy.Quick question: Which Swiss export sector is the only one that has so far kept its head above water relatively well and did not have to report a decline in sales in the second quarter of 2023? Write your answer in the comments! (No cheating please!;) That the Swiss economy runs like a (Swiss) clockwork was once upon a time. As predicted in my CADCHF trade idea, dark clouds are gathering over the skies of the alps and also over the Swiss economy. - Manufacturing PMIs have now fallen to their lowest level (38.5!) since the 2008 financial crisis. The Swiss economy is thus following its big neighbour to the north -> good old Germany. -> One of the main reasons for this is the too strong Swiss franc, which is hurting Swiss exporters and even the otherwise so crisis-proof pharma industry. -> There is exactly one institution that could change this in no time: Which is still propping up the CHF with billions. Which is the only G10 central bank that has already managed to push inflation below the 2% mark (as I already predicted in February). This institution with the 3 letters could weaken the CHF to give the Swiss export economy at least a little breathing space. Could. Will it do so? I am sure we will be smarter by September ;) Until then, it will rain regular updates here... with the reliability of a Swiss clockwork.
Long
by PrimeTrading
10
NZD/CHF Re-tracement Is OVER Be Ready to BuyAlthough the price is in a bit of a mess but on a small timeframe we can say that the price is moving to the upside slowly. According to the trendline analysis and waves analysis the price now is in the re-tracement phase after creating a nice wave. To determine your entry in this case u need to use the fibonacci tool from the previous low to the latest top, for me the best place to buy is around 61% and 71% fib level. You can put a buy limit order around the 2 levels or u can wait to see a good bullish price action around the buying point on the 4H time frame and from there u can enter ur trade. I will keep u guys updated when my order is trigerred.
Long
by Forex_Wealth_Factory
1
Trade Plan (Pending): I am selling NZD/CHF at 0.5464 Risk aversion resulted in traders buying the safe haven Swiss Franc (CHF) yesterday. This morning, we are seeing a mild reversal in sentiment. NZD/CHF - forming a Bat pattern. We are currently assessed as trading within the BC leg. The one-hour chart highlights an order block between the swing high of 0.5574 and 0.5461. Bespoke resistance is located at 0.5465. Although the immediate bias looks bullish, I look for rallies to be limited. Selling at 0.5464 (bespoke), with a stop loss of 0.5480 (above the previous swing high), targeting 0.5386 (Bat) offers a risk/reward factor 4.97R. This trade plan expires at 1:00pm GMT (one hour and 20 minutes from now) Selling at 0.5464 SL: 0.5480 TP1: 0.5386 R rate of 4.97R #tradeplan #NZDCHF
Short
by IanColeman
Buying NZD/CHF (New Zealand Dollar vs Swiss Franc)FX:NZDCHF NZD/CHF: Bulls Roaming Free in the Land of Watches A break above 0.53718 could trigger an upward spiral for NZD/CHF. First target is 0.54500, followed by 0.55300 - be ready to lock in profits at these levels! R emember: Watch out for the market whales! Stay tuned for economic news and events. Manage your risk wisely. Don't go all-in - enter with a small position size. This is just a suggestion, always do your own research before entering any trade
Long
by ForexCSP
Sell NZDCHF Rising WedgeThe NZD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a rising wedge pattern. This pattern, despite an initial upward angle, is often seen as a bearish reversal signal. Key Points: Rising Wedge Breakout: The price has been trading within a rising wedge pattern characterized by converging upward trendlines. While the initial trend appears bullish due to the rising trendlines, this pattern can often be a bearish reversal signal. The recent break below the lower trendline signifies a potential confirmation of a downtrend continuation. Sell Entry: Consider entering a short position around the current price of 0.5425, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: The initial bearish target lies at 0.5390, which represents the support level before the wedge formation. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the wedge, ideally around 0.5445. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
1
NZDCHF Set To Grow! BUY! My dear friends, Please, find my technical outlook for NZDCHF below: The instrument tests an important psychological level 0.5394 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.5411 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
NZDCHF Technical Analysis! SELL! My dear followers, I analysed this chart on NZDCHF and concluded the following: The market is trading on 0.5426 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.5407 Safe Stop Loss - 0.5434 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1