NZDCHF-BullishCUP&HANDLE Pattern Buy Stop Entry SL: 0.5215 EP: 0.5241 TP01: 0.5267 TP02: 0.5293 RISK 1 % LOT: 0.24Longby khizar62abbas1
NZDCHF-bias short Bearish indications: Double top formation. bearish divergence. trend line support broken. Overall down trend in higher time frame and currently at lower high in small time frame. Shooting star candle and bearish engulfer candle from the resistance. Resistance is respected and not made a new high. Trade plan bias short @ limit order 0.52288 SL:0.52409 TP1:0.52172 TP2:0.52121 Shortby gouthamkulal12
nzdchf buy Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a tradeLongby wavesscoutforex11223
NZD/CHF: Unraveling the Impact of Economic Data and...NZD/CHF: Unraveling the Impact of Economic Data and Central Bank Actions In the vast world of forex trading, where the global economy is dissected into pairs of currencies, the NZD/CHF pair has recently captured the attention of market observers due to its intriguing and somewhat perplexing trajectory. The pair, which involves the New Zealand Dollar (NZD) and the Swiss Franc (CHF), has been on a downward spiral, defying conventional expectations and leaving traders scratching their heads. A central piece of this enigmatic puzzle lies in New Zealand's steadfast commitment to maintaining its monetary status quo. In the last week, the island nation decided to buck the trend of monetary policy adjustments that have become a norm across various economies. The Reserve Bank of New Zealand (RBNZ) chose to keep its interest rates static at 5.5%, a decision that was echoed by the anticipations of the market. This alignment of expectations, rather than offering stability, triggered a subtle weakening of the NZD/CHF pair. But there's more to this story. The Producer Price Index (PPI) - Output data threw an unexpected curveball, revealing a mere 0.2% growth in the economy during the second quarter. This figure fell drastically short of the optimistic 0.7% projection. This unexpected hiccup proved detrimental to the Kiwi, as its value against the resilient Swiss Franc dwindled further. This disparity between projections and reality underscored the complexity of economic forecasting and the vulnerability of currency pairs to unforeseen shifts. Yet, the narrative doesn't solely revolve around New Zealand's internal dynamics. Market observers are turning their gaze across the ocean, as the United States prepares to release crucial economic indicators. Home Sales figures and the preliminary S&P Global PMI surveys for August are set to take the stage. These releases have the potential to send ripples across the forex landscape, including the NZD/CHF pair. Perhaps the most anticipated event is the speech by Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium. Powell's words hold the power to reshape market sentiment and provide fresh insights into the overarching economic outlook of the United States. Investors are keen to decipher his words and discern any hints of future monetary policy adjustments. The impact of Powell's speech on the NZD/CHF pair is poised to be significant, as it could sway traders to reevaluate their positions and strategies. As the NZD/CHF pair continues its downward trajectory, it serves as a reminder of the intricate interplay between economic indicators, market sentiment, and central bank decisions. The market's response to New Zealand's unchanging interest rates, the surprise of the PPI data, and the upcoming US data releases underscores the volatility inherent in forex trading. Traders, analysts, and investors are left with the task of deciphering these multifaceted signals, striving to uncover hidden opportunities within the ever-fluctuating world of currency pairs. TurnAround Point : 0.52400 Our preference The downside prevails as long as 0.52400 is resistance.Shortby FOREXN1336
ABC Correction Waiting to ride the ABC correction. This should be in the next coming week however if wave 5 is longer than 3 it'll invalidate my mark up completely.Longby Waves-Fib446
NZDCHF BUYThis market has been slow for reversal since this week and could this be the first sign of BULL?, let's see how this will play out today Longby WiLLProsperForex0
Potential short positionConfluences: - Overall trend is bearish, 4h sl raid creating a supply zone - Asian markets still on the hotspot due to china's economy. Goodluck and keep fighting! your almost there :)Shortby lancedacase05890
NZDCHFNZDCHF is trading in descending channel and perfectly following technical setup of break and retest of structure. Currently the pair is retesting the previous broken support as a resistance. Will the NZDCHF follow this pattern and head lower again?by JustTradeSignals0
Potential Long Setup (SWING)Confluences: - Market overall structure is Bearish, but 4h is starting a pullback phase - 1h Structure shift Goodluck and God Bless!Longby lancedacase05894
2023/08/16 USDCHF 2H Chart!I hope everything is clear from my picture. Risk to reward look nice Type: Day trade Risk 1% The analysis is provided for educational purposes only and does not constitute financial advice. Please be aware of the potential risk of loss before making your own trading decision.Longby NMN_14331
NZDCHF BUYThe market seems to have formed a base, we could see some bullish movement. Longby WiLLProsperForex1
NZD/CHF for bearishsell now or wait for break current support level and retest it and take any target have fun :)Shortby maxbayne4
NZDCHF-BEARISHA bearish Flag pattern, taking instant entry at bottom of Flag pool, SL at last LH, EP:0.5223 SL: 0.5258 RISK 1% LOT:0.25 TP01:0.5188 TP02:0.5153Shortby khizar62abbas2
NZDCHF FALLING Im waiting for more confirmations before diving buy trades.maybe this week could be a massive changes. or we might see a good change of character with higher volume being followed. Follow for more. I will be update this SOon or later.. by keno19892
Nzdchf buysFrom a technical pov... The pair will buy it has created double buttom pattern on ltf which indicates a reversal.by AsmanFX5
NZDCHF BUY ACTIVATED NZDCHF also showing same scenario as market has approached a key area of interest, it seems the market is finally forming a base for a reversal, let's see how the market plays outLongby WiLLProsperForexUpdated 221
NZDCHF LONG IDEAEasiest trades ever are these models, Wait for a reclame of the level or a Choch on the 1-4h chart and long SL below the low it should be a swing trade so sit tight :)Longby Mtaby7
NZDCHF may soon start Bullish RallySince it was in bearish movement for long time, now has reached to its major support zone from where we can expect strong buy volumes in it. Bullish divergence have already been reflecting on RSI. Lets wait until the break of trendline then we can enter in it for long.Longby MuneebUddin2
NZDCHF - shortAn important level has been broken. And the price is pulling back. If a pattern is seen, it is a good opportunity to enter a sell position.Shortby ChavoshZ1
NZDCHF LONGTake Profit 1 - 0.5351 Take Profit 2 - 0.5401 Take Profit 3 - 0.5451 Stop loss - 0.5171 The NZDCHF pair has been in a bullish trend for the past few weeks, and it is currently trading near the top of its range. The current spot rate is 0.5271, and a buy entry point of 0.5271 is just below the recent high of 0.5291. There are a few reasons why NZDCHF could continue to rise in the near term. First, the NZD is generally seen as a commodity currency, and it has been strengthening against the CHF in recent weeks as commodity prices have risen. Second, the Reserve Bank of New Zealand is expected to raise interest rates more quickly than the Swiss National Bank, which could put upward pressure on the NZD against the CHF. Finally, the New Zealand economy is expected to grow more quickly than the Swiss economy in the near term. This is due to a number of factors, including the strength of the New Zealand dairy sector and the country's exports of milk powder and other commodities. Technical analysis: From a technical perspective, the NZDCHF pair is trading above its 200-day moving average, which is a bullish signal. The pair is also forming a bullish ascending triangle pattern, which is a continuation pattern that typically leads to a breakout to the upside. Fundamental analysis: The New Zealand economy is expected to grow more quickly than the Swiss economy in the near term. This is due to a number of factors, including the strength of the New Zealand dairy sector and the country's exports of milk powder and other commodities. However, the Reserve Bank of New Zealand is expected to raise interest rates more quickly than the Swiss National Bank, which could put upward pressure on the NZD against the CHF. Risks: There are a few risks to consider before entering a trade on NZDCHF. First, the global economy is facing some headwinds, such as the war in Ukraine. These headwinds could weigh on risk appetite and lead to a decline in the NZDCHF pair. Second, the Swiss National Bank is expected to continue to pursue an ultra-loose monetary policy, which could put downward pressure on the CHF. Finally, the New Zealand economy is facing some headwinds, such as the war in Ukraine and the ongoing trade tensions with China. These headwinds could weigh on the NZD and lead to a decline in the NZDCHF pair. Overall: I think NZDCHF is a good pair to trade for those who are looking for a long-term bullish trend. However, it is important to remember that the forex market is volatile, and there is always the risk of a reversal. You should always do your own research before entering any trades. Here are some additional factors that you may want to consider before entering a trade on NZDCHF: The economic outlook for New Zealand and Switzerland. The level of volatility in the forex market. The price of commodities, such as milk powder and crude oil.Longby SMARTRISKMINDSET6
NZDCHF BearishFormed Bearish Flag, confirmed the entry and is in the entry zone . Looks like a continuation pattern and is going down. Let it play, It should go down according to the analysisShortby aarishpasha8343
NZDCHF TradeAfter taken liqudity of the buyside and change of character and break of structure we will see a drop of the price to taken liquidity of the sellside we consider FVG an entry point - Trading is probability control your risk management Good luckShortby RedaSD111