A test of all time lows for NZD/CHF seems imminent. Looking for a move down to .50 over the next 6 months to test the bottom of this long term descending wedge pattern (see pic below in link). Once it tests .50 it might be prudent to start thinking about a long term bullish breakout of the descending wedge pattern. In the meantime i suspect this move down to .50...
Dear traders, Bears have failed to break through the recent lows, indicating the change of the character to occur in coming days or weeks. Firstly, we need to wait and see how price behave in the coming week. If we see strong bullish price action, we can see a strong ‘bullish impulse’. If price fails and bears keep the selling momentum as it is then we will see...
✅The retest of the strong support level of 0.544 by NZD_CHF Has happened after the pair has been trading In a local downtrend for some time Which makes price growth a likely scenario With the target being a local resistance above at 0.5475 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
As we mentioned in the previous days, the New Zealand dollar is decreasing its value against most currency pairs, but now this currency has reached important points against other currencies, where we predict the possibility of a short-term reversal. In the chart Above, the price is in the area of 0.5450, and based on technical analysis, if the support shown in the...
Short Formed M pattern has formed where the second rounding top has a lower high than the previous. This confirms the sellers are in control. Now that the price has broken below the neckline, means we can expect the price to make the next down leg. A conservative entry will be for one more leg up, test and break down. 200>21>7 RSI<50 Target 1 will be at 0.52711
Please, check our technical outlook for NZDCHF. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.545. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.547 level. P.S The term oversold refers...
price is in a weekly low monthly too so if i get my reason and a strong candle strick candle then i will take buy
My dear friends , My technical analysis for NZD/CHF is below: The market is trading on 0.54541 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.54777 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall...
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the NZDCHF pair which is likely to be pushed up by the bulls so we will buy! ❤️ Please, support our work with like & comment! ❤️
Hello,Traders! NZD-CHF fell down sharply And the pair seem to be Locally oversold so as the Price is about to hit the Horizontal support level Of 0.5436 I think we will See a nice bullish correction Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
NZDCHF has been trading in a well-defined downtrend, characterized by lower highs and lower lows. Currently, it is consolidating within a triangle pattern, indicating a potential continuation of the bearish trend. Target Levels: Target 1: 0.5517 Target2 : 0.5481
Can see a sideways accumulation on price, took an entry with 15m + 1m confirmation.
Looking to buy at Monthly/Yearly Cluster Support around .5500. Pair currently pays about $5.61 positive carry per 100,000 lot position for USD based account. Initial Target .6000. will hold half position for long term yearly swing trade.
Hello Traders, I did an analysis on this pair some days ago (inserted below). My bias hasn't still changed. I still speculate that NZDCHF will make it to TP. Not to be rigid or dogmatic in my approach, but the market structure as of today supports the bearish move. Also, NZDSGD which is a correlated pair is having same bearish structure. You may want to keep...
weekly BEARISH daily BEARISH waiting 4hr or 1 hr BEARISH confirmation
NZDCHF flag is testing day zone we need to see zone rejection + break of the flag
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
We going short on the NZDCHF pair as there is potential downtrend. Analysis on the 4HR Timeframe shows that 50% Fibb retracement within the sell zone, and might hit all TP's as per analysis.