NZDCHF trade ideas
NZDCHF: Another Chance For The BullsNZDCHF: Another Chance For The Bulls
Once again NZDCHF proved to have a strong support area near 0.5280
Regardless of the speculations that we had during December,
NZDCHF managed to hold on to this area.
This is increasing the chances that it will rise again and test the resistance area where it was at the beginning of December near 0.6410 and probably even higher at 0.5460
You may find more details in the chart!
Thank you and Good Luck!
NZDCHF Long SetupThis is my Setup for NZDCHF. Market has broken the structure to upside so we expect a LONG order from OB. Market has already taken the inducement so let's see if market fill our OB and go Long.
NZDCADNZDCAD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?
NZDCHF Potential UpsidesHey Traders, in today's trading session we are monitoring NZDCHF for a buying opportunity around 0.54200 zone, NZDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.54200 support and resistance area.
Trade safe, Joe.
NZDCHF, is this a reversal?NZDCHF / 1D
Hello traders, welcome back to another market breakdown.
NZDCHF pair has been trading in a Bearish trend, However, the price is showing evidence of a reversal around Key Yearly Low. Which might lead to more higher prices to see. I'll look to get on lower prices after getting the LTF confirmation in the next Pull-back phase.
Trade safely,
Trader Leo
NZDCHF bullish, anticipates reversal due to divergence.NZDCHF shows bullish momentum, yet divergence suggests potential reversal. I foresee it signaling a shift towards bullish trend.
NZDCHF - Bearish Momentum DivergenceNZDCHF has recently broke through the Daily 200 EMA and will likely want to retest it after a recent bullish run.
It is experiencing indecision in the 1 and 5min timeframes which often precede a new energetic move.
The MACD is also painting a Bearish Divergence indicating a slowing down of momentum.
NZD/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
We are going short on the NZD/CHF with the target of 0.538 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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Short-term trading strategyShort-term trading strategy when NZDCHF goes high
there will be a rebound and decline}
please wait
A quick sell on NZDCHFMoving Average:
Against Daily MA
H4 pointing upwards
Pattern:
AB=CD pattern
Strong resistance at 0.5430- 0.5440
30 pip stop loss.
70 pip target
This is a counter trend. H4 is OB and Double Top. We will exit this trade quickly upon M15 OS situation
✅NZD_CHF SHORT FROM RESISTANCE🔥
✅NZD_CHF is about to retest a key structure level of 0.5440
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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NZDCHF: China Temporary Bottom and New ZealandFundamentals:
New Zealand and China: How China Will Influence New Zealand's Currency
Pessimism regarding China's economy has reached its highest point for the past year.
According to the Wall Street Journal, FDI in China grew in the smallest record since 2004 (two decades): www.wsj.com
I believe that there will be a temporary recovery this quarter and the second quarter.
This will affect Australia and New Zealand's economy in a positive way.
Technicals:
Monthly Extremes
Monthly Engulfing candle
RSI extreme
Daily Stage 3 buying pattern
broken trend line
Selling bias in NZDCHFI've done 1 day analysis on NZDCHF. According to my analysis I'm seeing a selling opportunity in NZDCHF but before taking trade we'll have to understand the price action.
Price taking 2 time resistance around 0.54000-0.54200 area.
Before taking any trade we'll have to understand price is extremely good bullish momentum in February so get into a trade only after full confirmation in lower timeframe.
DO LIKE SHARE FOLLOW
NZDCHF..BUYFX:NZDCHF BUY position can be taken in the specified area
There is no position before the area
NZD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
We are now examining the NZD/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.533 level.
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NZDCHF-BEARISH TRENDNZDCHF tested its daily desending trendline and resistence and made a bearish divergence there,so it is most likely to go down.
NZDCHF bearish idea on 4HPair is touching daily bearish trendline which has touched prices 4 r=times and each time price pushed downwards, + bearish divergence appeared exactly on this trendline.
Sell-Stop entry planned accordingly.
✅NZD_CHF POTENTIAL SHORT🔥
✅NZD_CHF surged again to retest the resistance of 0.5383
But it is a strong key level
So I think that there is a high chance
That we will see a bearish pullback and a move down
SHORT🔥
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NZDCHF BUYbreak of structure, Bullish order block (launch pad), Mac D flip, bullish swing
take profit and stop loss is posted on the chart.
use proper risk management. happy trading
