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NZD/CHF

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NZDCHF trade ideas

NZDCHF SHORTSince breaking through the topside of a descending trend channel early last week, NZD/CHF has traded in a 0.52540 – 0.52190 range. These 2 levels may provide support and resistance respectively. The pair has found very difficult to break the 0.52540 area, so I believe we do have a strong resistance here. He have a chance to grab an easy 50 PIPs with this trade. Feel free to use this trade yourself. Don't forget to follow my profile so you don't miss any trading ideas. Good luck !
Short
by TRADINGWITHZION
4
NZDCHF Long Term Buying Trading IdeaHello Traders In This Chart NZDCHF HOURLY Forex Forecast By FOREX PLANET today NZDCHF analysis 👆 🟢This Chart includes_ (NZDCHF market update) 🟢What is The Next Opportunity on NZDCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
NZD/CHF: Unraveling the Impact of Economic Data and...NZD/CHF: Unraveling the Impact of Economic Data and Central Bank Actions In the vast world of forex trading, where the global economy is dissected into pairs of currencies, the NZD/CHF pair has recently captured the attention of market observers due to its intriguing and somewhat perplexing trajectory. The pair, which involves the New Zealand Dollar (NZD) and the Swiss Franc (CHF), has been on a downward spiral, defying conventional expectations and leaving traders scratching their heads. A central piece of this enigmatic puzzle lies in New Zealand's steadfast commitment to maintaining its monetary status quo. In the last week, the island nation decided to buck the trend of monetary policy adjustments that have become a norm across various economies. The Reserve Bank of New Zealand (RBNZ) chose to keep its interest rates static at 5.5%, a decision that was echoed by the anticipations of the market. This alignment of expectations, rather than offering stability, triggered a subtle weakening of the NZD/CHF pair. But there's more to this story. The Producer Price Index (PPI) - Output data threw an unexpected curveball, revealing a mere 0.2% growth in the economy during the second quarter. This figure fell drastically short of the optimistic 0.7% projection. This unexpected hiccup proved detrimental to the Kiwi, as its value against the resilient Swiss Franc dwindled further. This disparity between projections and reality underscored the complexity of economic forecasting and the vulnerability of currency pairs to unforeseen shifts. Yet, the narrative doesn't solely revolve around New Zealand's internal dynamics. Market observers are turning their gaze across the ocean, as the United States prepares to release crucial economic indicators. Home Sales figures and the preliminary S&P Global PMI surveys for August are set to take the stage. These releases have the potential to send ripples across the forex landscape, including the NZD/CHF pair. Perhaps the most anticipated event is the speech by Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium. Powell's words hold the power to reshape market sentiment and provide fresh insights into the overarching economic outlook of the United States. Investors are keen to decipher his words and discern any hints of future monetary policy adjustments. The impact of Powell's speech on the NZD/CHF pair is poised to be significant, as it could sway traders to reevaluate their positions and strategies. As the NZD/CHF pair continues its downward trajectory, it serves as a reminder of the intricate interplay between economic indicators, market sentiment, and central bank decisions. The market's response to New Zealand's unchanging interest rates, the surprise of the PPI data, and the upcoming US data releases underscores the volatility inherent in forex trading. Traders, analysts, and investors are left with the task of deciphering these multifaceted signals, striving to uncover hidden opportunities within the ever-fluctuating world of currency pairs. TurnAround Point : 0.52400 Our preference The downside prevails as long as 0.52400 is resistance.
Short
by FOREXN1
3