NZDCHF Descending triangle pattern has formed, and the price has broken down (Bearish bias). The moving averages (MAS) are in the order of 7<21<200 (Bear). The RSI is below 50, indicating a bearish bias, Target is set at 0,50381 .
NZD-CHF is trading in a Downtrend and the pair broke Out of the bearish triangle Thus reinforcing our bearish bias And I think that after some Consolidation we will see A further move down Towards the 0.53107 level !
NZDCHF has confirmed the breakout on Daily time Frame towards downside and we will enter our short position with Take Profit Targets in place.
price currently broke an important level at 0.54420...after creating a possible LH which resisted at 0.55027...with all that there is a higher chance that price might drop all the way to 0.53798
looking for price to reverse from the 5500 54800 area for a good RR
FX:NZDCHF Trading Forex and other financial products with leverage is highly risky and can result in substantial losses. Trading in the market may not be suitable for everyone. You need to be aware of all the risks and seek the help of independent financial advisors if you have any questions or doubt
every sunday i breakdown the market for the week and put some pairs on my watchlist to follow them for the rest of the week. this is my watchlist for this week
On the hourly chart the trend started on July 12 (linear regression channel). There is a high probability of profit taking. Possible take profit level is 0.5527 But we should not forget about SL = 0.5415 . Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, ...
NZDCHF OUTLOOK - NEXT MOVE POSSIBLE Price trading inside bullish channel and is approaching one of the key levels for a long entry. There might be a potential opportunity for a long with targets reaching the previous high. We had already marked the Key Levels for both TP & SL. Long entries can be taken when it reaches that level when we identify bullish price...
I'm a trend trader and you will only see me in a pair when it's trending. as we can see NZDCHF is bearish and me as a trader is meant to spot my entry so as to partake in the bearish move. right now I'm waiting for some pullback down to my zone so as to short it down to the low.
Our pivot point stands at 0.5463. Our preference: as long as 0.5463 is support look for 0.5514. and above 0.5590 Alternative scenario: below 0.5463, expect 0.5445 and 0.5435. Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
The forex world is shifting, Aussie and Kiwi are coming back, US Dollar still sucks and Canadian Dollar is being dumped like dirty water, good job North America :S. Look at chart, this massive wedge, is very early to tell if is going to break out but I'm taking the shot here. I just opened a moderate position, not too ambitious. I'm going to start building my...
From around the beginning of March 2021 NZDCHF continues to drift lower. From around the beginning of May 2023 the pair is forming a descending triangle pattern, which according to the TA rules, tends to be a bearish indication. However, in order to consider the next short-term directional move, a break through one of the sides of that triangle is needed. A drop...