Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the NZDCHF pair which is likely to be pushed down by the bears so we will sell! ❤️ Please, support our work with like & comment! ❤️
🕛 TOPDOWN - Navigating a Bearish Market with Strong CHF Dominance Overview: CHF stands as a dominant force in the forex market, consistently overpowering NZD according to historical data. A crucial breakdown in the monthly structure, especially in August, has placed this pair in a post-breakout scenario for the past four months, signaling a looming substantial...
Hello,Friends! NZD/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.531...
Consider entering a long position on the NZD/CHF pair at 0.53160 with a stop loss set at 0.51933. This trade reflects a potential upward movement based on my analysis strategy. The risk-reward ratio stands at approximately 1.9, offering a favorable balance between potential gains and losses. Monitor market conditions and be prepared to adjust the position accordingly.
Hey Traders, in today's trading session we are monitoring NZDCHF for a buying opportunity around 0.52800 zone, NZDCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.52800 support and resistance area. Trade safe, Joe.
Upon analyzing the four-hour time frame, if the price can break the downward trendline, we can predict that the price will move towards the resistance zone at 0.53800. If the price can break out of the support zone, we can anticipate the price to move towards the support zone at 0.51994.
Hello,Friends! Bearish trend on NZD/CHF, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.528. ✅LIKE AND COMMENT MY IDEAS✅
Hey Traders! Here's an exciting update: We're looking at a promising bearish opportunity, with a target of at least 5283, and potentially even more. The market trend seems firmly bearish, and we've got an engulfing candlestick pattern confirming our entry point. The recent daily rebound off the 50-day moving average indicates that sellers are still active. Plus,...
NZDCHF - Classic bullish formation - Our team expects growth SUGGESTED TRADE: Swing Trade Buy NZDCHF Entry Level - 0.5283 Sl - 0.5261 Tp - 0.5336 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
✅NZD_CHF went down and Up sharply and is now retesting A horizontal resistance level Of 0.535 from where I think We will see a local move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Take a look at our analysis for NZDCHF. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.528. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.533 level soon. P.S Please, note that an oversold/overbought...
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too. ❤️ Please, support our work with like & comment! ❤️
hello traders.we had daily supply area before and in 4h choch happened.now in pullback we looking for confirmation in smaller time for open our sell position. R:R 3.57 “”your follows and boosts encourage me to publish more analysis””
Please, check our technical outlook for NZDCHF. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.541. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.538 level. P.S We...
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NZDCHF chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️
Hey Traders, In preparation for tomorrow's trading session, our focus centers on NZDCHF, where we are carefully monitoring a potential buying opportunity around the 0.53300 zone. Currently entrenched in an uptrend, NZDCHF showcases a sustained upward trajectory. Concurrently, the currency pair is navigating a correction phase, gradually converging towards the...
We are currently on the buyside curve after taking out SSL (Previous Low).
Hello,Traders! NZD-CHF retested a horizontal Resistance level of 0.5419 Then went down and broke The rising support line so We are now bearish biased And I think that we will see A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!