Get started

Nzdchflong

NZDCHF approaching support, potential bounce!NZDCHF is also approaching our first support at 0.644 (horizontal overlap support, 38.2% Fibonacci retracement, ascending channel support) and a strong bounce might occur above this level pushing price up to our major resistance at 0.6514 (horizontal swing high resistance, 61.8% Fibonacci extension). Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
NZDCHF approaching resistance, potential drop! Price is approaching our first resistance at 0.6722 (horizontal pullback resistance, 23.6% Fibonacci retracement , Elliot wave structure) and a strong reaction might occur below this level pushing price down to our major support at 0.6667 (horizontal swing low support, 100% Fibonacci extension ). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. Stochastic (21,5,3) is also approaching resistance and a reaction below this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
NZDCHF approaching resistance, potential drop! NZDCHF is approaching our first resistance at 0.6722 (horizontal pullback resistance, 23.6% Fibonacci retracement, Elliot wave structure) and a strong reaction might occur below this level pushing price down to our major support at 0.6667 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. Stochastic (21,5,3) is also approaching resistance and a reaction below this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
NZDCHF Approaching Resistance, Potential Drop! NZDCHF is approaching our first resistance at 0.6720 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 0.6667 (horizontal swing low support, 100% Fibonacci extension, Elliot wave structure). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (89) is also approaching our resistance where a reaction below this level might see a corresponding drop in price.
Short
by FXTM_ForexTime
NZD/CHF long setupNZD/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 DMI crossover on -ve DMI. Break above 78.6% Fib finds next major resistance at 88.6% Fib at 0.7053. On the flipside, we see strong support at 0.6960 (nearly converged 61.8% Fib and trendline). Weakness likely on break below. We see bullish invalidation only below 200-DMA at 0.6930. Support levels - 0.6990 (5-DMA), 0.6960 (nearly converged 61.8% Fib and trendline), 0.6930 (200-DMA) Resistance levels - 0.7018 (78.6% Fib), 0.7053 (88.6% Fib), 0.71 Good to go long on break above 78.6% Fib) at 0.7018, SL: 0.6960, TP: 0.7050/ 0.71/ 0.7125
Long
by FxWirePro
1