CHFNZD trade ideas
NZD/CHF Bullish Gartley Pattern Suggests Uptrend PotentialBullish Gartley Harmonic Pattern Formation:
The NZD/CHF currency pair is currently forming a Bullish Gartley Harmonic Pattern, indicating potential upward movement. This pattern is aligned with a significant support area, reinforcing our bullish outlook.
Key Support and Trendline Confluence:
The price has received a strong rejection at this key support level, which coincides with a critical trendline and the 78.6% Fibonacci retracement level. This confluence of technical factors strengthens the likelihood of a bullish reversal.
RSI Divergence:
Adding to our bullish sentiment is the RSI divergence observed on the 4-hour time frame. The RSI is showing signs of divergence, suggesting a potential shift in momentum in favor of the bulls.
Trade Setup:
Entry Point: 0.54125
Stop Loss: 0.53460
Take Profit Targets:
TP-1: 0.54790
TP-2: 0.55455
TP-3: 0.56120
Conclusion:
Based on the alignment of the Bullish Gartley Harmonic Pattern, key support area, trendline, 78.6% Fibonacci retracement level, and RSI divergence, we anticipate a potential bullish move in the NZD/CHF pair. Traders should consider entering at the specified entry point with the given stop loss and take profit targets for an optimized risk-reward ratio.
NZDCHF area of interest So I do not advise following my positions.
I am buying NZDCHF here. I am doing 1 lot and i will add another lot to 1.5 lot if price does
in-fact hit that lower trend line. 2.5 lots here is currently paying about 18$ per day in positive carry. The interest differential here is wide and CHF has already implemented two rate cuts causing this pair to go all the way to .56
my targets are .56 and .5680
time horizon, the longer the better. as long as price doesn't make a lower low.
#2872024| NZDCHF Buying opportunity 1:8NZDCHF Buying opportunity Appears in H4 Time Frame Looking Price Action for Long Term Buy
Risk and Reward Ratio is 1:8
After 50 pips Profit Set SL Entry Level
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Fib ratio and uptrend continuationLooking price the recent structure and using the Fibonacci retracement price could still be in uptrend after a retest of the double bottom from lasts months low, bullish candle and price confirmation patterns could suggest a continuation to the upside with a price trend near Fib zone of 0.618 (0.54229) which is a sweet spot for entries. Price could also reach resistance (0.56209) and confirm a clear and complete bearish Bat pattern
NZDCHF What Next? BUY!
My dear subscribers,
My technical analysis for NZDCHF is below:
The price is coiling around a solid key level - 0.5400
Bias - Bullish
Technical Indicators: Pivot Points Lowanticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.5426
My Stop Loss - 0.5385
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
BULLISH NZDCHFIf you're not in on this trade then I suggest you start longing at this entry price range now... Daily impulse followed by our local pullback/correction in the market points us to the 0.618 golden ratio... Price also sitting and retesting a very strong Supply and Demand zone I could almost guarantee you'll see growth on this one, so traders lets make money here with the institutions hedge funds and big banks!!
NZDCHF Long Setup: Buy Entry Near 0.5446/42 on 4-Hour ChartOn the monthly timeframe, last month's price action formed an inside bar, indicating consolidation without a clear bias, although the preceding month closed strongly bullish.
The weekly chart also shows an inside bar with a slight rejection from the bottom, but overall, there's no strong directional bias.
Daily price action reveals two consecutive ranging bars, suggesting opportunities to consider long positions from support levels or short positions from resistance.
On the 4-hour chart, I'm more inclined to go long from the identified support level.
Buy Entry : I plan to enter a long position around 0.5446/42 .
Stop Loss : I will set the stop loss below 0.5436 to manage risk effectively.
Take Profit : The target profit will be around 0.54813 .
Bearish drop?NZD/CHF has reacted off the pivot which is a pullback support and could drop to the 1st support which acts as a pullback support.
Pivot: 0.54475
1st Support: 0.54122
1st Resistance: 0.54745
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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:
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NZDCHF Will Explode! BUY!
My dear friends,
Please, find my technical outlook for NZDCHF below:
The price is coiling around a solid key level - 0.5447
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.5476
Safe Stop Loss - 0.5428
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
NZDCHF The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for NZDCHF below:
The instrument tests an important psychological level 0.5485
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.5463
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NZDCHFFUNDAMENTAL;NZD stronger than CHF
COT data long/short 72/28 CHF 12/86 %
SEASONAL; NZD bullish in JULY CHD side ways
SENTIMENTAL : long/short 29/71 %
TECHNICAL :break of bearish trend line
printing HH and HL
no bearish divergence
retraced to 0.51 area
near bullish channel bottom and support
ideal buying 0.61
trade at your risk
good luck
NZDCHFIn my opinion, the NZD/CHF currency pair is poised to decline in the coming days, continuing until it reaches the marked support level. Several factors contribute to this outlook, including recent economic data, market sentiment, and technical indicators. The New Zealand dollar may face pressure due to potential dovish signals from the Reserve Bank of New Zealand, while the Swiss franc could gain strength as a safe-haven asset amid global uncertainties. As a result, I believe that the NZD/CHF pair is likely to move downward in the near term, heading towards the specified support zone.