NZD/CHF 1H Chart: Channel Up The New Zealand Dollar is trading against the Swiss Franc in a two day long ascending channel. Formation of the pattern represents a rebound of the currency exchange rate from the bottom trend-line of a preceding descending channel. By the moment, the channel consists of four confirmation points, which means that it has...
I just took the NZDCHF Short 1h chart based on 4H and Daily chart. I looks like the trend is gaining momentum (It has passed the 4H seller blue line) and going down toward the Daily Seller green line.
NZDCHF is showing a promising buy setup in the making. The price is now approaching a resistance that has been tested twice before. So statistically the chances of it breking are only increasing. Besides that we also see that Stoch indicator has lots of upwards momentum left. Possible target is 0.7776
Hi Folks! Looking for a possible reversal according to some Elliott rules and criteria. If we are right we will have an ABC expanded flat which will develop a new daily impulse. Let's see how it develops, too early to plan any entries. - Hola Amigos! Buscando una posible reversión de acuerdo con reglad y criterios de la teoría de Elliott. Si estamos en lo...
I just noticed this beautiful H&S formation on the NZDCHF which completed a few days ago. My stop is at 0.69156 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. Please comment below and Like if you agree...
Strong downtrend since the start of 2017, making lower highs. Price is locked into a strong downward channel based on the 4H chart Hidden divergence on the close of the 4H candle at 18:00 on 31st May shows the strong continuation of downward momentum. We see a possible Bearish Head & Shoulders pattern forming on the 4H chart. Fundamentals: The RBNZ...
Rationale for this trade is easy: a descending channel. The Swiss Franc came in strong yesterday being the best contender against USD and also fought against Euro despite its rally.
After breaking the upper range earlier today NZDCHF is now also breaking the 14 EMA, besides that the Stoch RSI also shows strong buying pressure and the ADX made a strong bullish crossover. This all together makes it very likely the NZDCHF will head to atleast the 72 EMA and possibly break it. Buy: around 0,6770 TP: 0,6820 > 0.6890 SL: 0.6720
Expecting trend continuation on NZDCHF. Last week NZD was going lower but expecting to be stronger against CHF which is affected by eurozone weakness and low interest rates.
Harmmonic pattern confirmation + Daily resistence hit = Good timing to sell Tp: 0.70336 SL: 0.73314
It looks solid long. Cash build up seems to have ended and Magic-T is pointing upwards. Trading currently above all the trend lines and the overall trend is long. There is a potential small profit of a couple of hundred pips, but the risk/reward is fair.
this pair is currently respecting the trend line and should moving back up to the 0.71200 area ..