Looks like a potential head and shoulders pattern forming on the hourly and 4 hour time frames. Wait for the confirmation which should become apparent in the next few bars. TP target = 0.65922
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
NZDCHF is approaching our first resistance at 0.6819 (61.8% Fibonacci extension, 61.8% Fibonacci retracement) where we might see a drop in price to our first support at 0.6532 (61.8% Fibonacci extension, Horizontal swing low support). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this...
NZDCHF is approaching our first resistance at 0.6742 (Horizontal pullback resistance, 50% Fibonacci retracement, 100% Fiboancci extension) and a strong drop might occur pushing price down to our major support at 0.6591 (Horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react...
Hi traders, this pair is now on a daily resistance zone and is giving some selling pressure around this area so we can expect a fall downwards from here.
Technical Analysis for a SHORT: Daily Downtrend, currently in a LH Multiple Trendline Taps from Multiple Timeframes H1 61.8 Golden Fib Retracement Formed LH on H1 Bear MA Crossover Broke Support +Others
Currency Pair NZDCHF Time Frame Weekly, Daily, 4hr Predicted Direction Short The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity. Updates will be available in the Comment Section Below
risky, good luck, -YusufDeli
NZDCHF is approaching our first resistance at 0.6735 (Horizontal pullback resistance , 100% fiboancci extension, 23.6% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.6618 (horizontal pullback support, 100% fiboancci extension, 50% fiboancci retracement). RSI (89) is also approaching resistance...
NZDCHF is heading down after bouncing off of the descending trendline and there are multiple ways to get involved A) which is more likely to happen and it would be also better to see the trend continuation or B) in case the price fail to push lower and comes back to test the higher resistance.
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NZDCHF is approaching our first support at 0.6788 (horizontal overlap support, 23.6%, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6896 (76.4% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (21,5,3) is also approaching support and we might see...
NZDCHF potential H&S top. Also most NZD pairs are on important resistance zones.
waiting for candlestick bearish confirmation 1) ma 100 as dynamic level 2) trend line
Daily chart is displayed above As you can see in my chart analysis, the price of NZDCHF is approaching this Daily resistance zone and we should be expecting a sell soon. I would say continue to watch!