Hello everyone, we have an opportunity to short this pair towards the highlighted area based on harmonics.
For any questions leave a comment or DM me.
Good Luck
Price has been consolidating for some time now it seems price is pushing out of its counter trend line, if we get a close above the 61.8 fib I expect price to retest & head higher potentially creating an uptrend with higher highs & lows..
NZDCHF broke the moving average, suggesting a potential trend change. This in tandem with October's monthly bear candle gives me enough reason to believe a down trend is about to begin.
My orders are placed at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6. and 0.0.
Each order contains a 30 pip stop loss and no take profit target.
These...
NZD/CHF is consolidating bounce off major trendline support, holds break above 20-DMA at 0.6898.
Kiwi is extending stellar quarterly NZ employment report led gains, while a big beat on the Chinese services PMI data for October also lends support to the antipodeans.
Technical studies support upside in the pair. RSI and Stochs are biased higher.
MACD is showing a...
D1 - We have two waves down, price reached the magnet zone and then pushed higher.
H4 - Big double cycle. Bullish divergence with false break followed by bullish convergence.
H1 - Now look for double wave correction and then we can go long with the breakout of the trend line. The double wave should stop within the zone shown in the screenshot.
This is a very...
During the past seven weeks, the New Zealand Dollar has been weakening against the Swiss Franc, thus forming a descending channel. The latest up-wave within this pattern that began on October 25 has been seemingly constrained by another junior channel; however, its upper boundary still needs one confirmation.
The rate’s current position together with technical...
This is definitely a long-term trade to keep for several weeks. Potential for 650+ pip move to reach 0.9300 level. Further drop to below 0.8640 will be great buy point (test the April 2016 low) when that opportunity presents. At this moment I will keep watch how the price play in next 2 weeks. If you are already long, watch up for the downside move but when the...
NZDCHF broke the moving average, suggesting a potential trend change. This in tandem with September's monthly bull candle gives me enough reason to believe an up trend is about to begin.
My orders are placed at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6. and 0.0.
Each order contains a 30 pip stop loss and no take profit target.
These...
NZD after 10 days of weakness is gaining power vs all crosses.
The market pressure on this cross are 7.4 (High) and can justify a breakout
For a complete list of market pressure visit my twitter profile.
The Kiwi has been trading in a channel down against the Swiss Franc since mid-September. As apparent on the chart, the pair was stranded in a junior ascending channel during its last wave upwards. This has allowed to test the upper channel boundary.
Currently, the pair demonstrates two possible scenarios.
The more probable option is that the Kiwi would bounce...
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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