Expecting the pair to push down all the way and retest the 0.6800 psychological level which also coincides with the 78.6% retracement of the previous impulse (see updates section)
It's giving a nice triangle correction, and triangle corrections tend to precede the final actionary wave so this would make perfect sense as we're setting up for wave no.5 even though ...
The pair is currently in a Flag pattern, or for the Wave traders in a Zig-Zag correction. The pair is showing bullish signs:
1) Bullish Divergence on the 4H
2) Shooting star at the lower level of the channel on the 1H
We don't know if the C leg of the Zig Zag correction is over therefore any profits you make it's wiser to lock them in as soon as possible.
My ...
I will be posting the Weekly TF of the pair to show what is going on in the bigger picture and why I think it's going up. As it stands the pair is already, or almost finished forming a Flat correction therefore the next assumption is a move to the upside considering the previous impulse. We are forming an Ending Diagonal which acts as further confirmation that ...
Price is following a nice downtrend making lower lows & highs. I will be watching for a potential pullback to the 50 fib region or break of the counter trendline for entry for a new lower low..
NZDCHF is seeing major support at 0.6858 (Fibonacci extension, bullish harmonic formation, horizontal swing low support) and a strong bounce could occur at this level to push prices up to major resistance at 0.6929 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance).
Stochastic (55,5,3) is seeing major support above 2.7% where a ...
The New Zealand Dollar has been weakening against the Swiss Franc in a steep channel down. This movement has been likewise bounded by a two-month channel. The pair tested the senior pattern last week and subsequently entered a minor period of consolidation.
The pair’s positioning in the aforementioned senior pattern suggests that the Kiwi could eventually pick ...
It was noted that NZDUSD could be hunting higher highs.
Our setup is supported by the following:
> Multiple time frame trend analysis
> Complemented divergence on H1.
R:R > 1:7.8
Good Luck :-)
Swiss frank, one of the strongest currencies of 8 majors, if not the strongest (as it has been in bullish uptrend since 1960) has gone through a period of consolidation (with bullish inclination) during recent years. Now after it reached the bottom of its consolidation channel, frank is going to go bullish next weeks. And after it has been cornered in a triangle I ...
NZD/CHF is extending upside after bouncing off 200-DMA at 0.6930, bias higher.
Price is hovering around 78.6% Fib retrace of 0.7094 to 0.6737 fall at 0.7018, breakout above will see further upside.
Technical studies are supporting further gains in the pair. RSI is above 50 levels and biased higher.
Stochs are showing a rollover from oversold levels and we see +ve ...
2618 Trade on NZDCHF
Time will tell of the opportunity we see, patience is key.
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