Everything on the chart. Trade Safe!!
Dear Traders, We are currently in a bullish daily market, on the weekly we are kind of ranging so to say. To maximalise our opportunities we have a nice area of confluence. What we have is shown on the chart, with a lot of levels lining up around the same area, giving us more and more opportunities to get involved, for whatever trader you are.
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 with my analysis.
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.
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.
I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal. It requires...
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.
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.
NZD gaining support from trendline and support level
THIS IS THE POSSIBLE SCENARIO IN THE NZDCHF SCENARIO 1D CHART IF IT BREAKS THE TRENDLINE AND SUPPORT PUT SELL ORDER @ 0.69000 AND TP @ 0.66500
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