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NZDCHF has experienced a reversal at a support level formed on the hourly timeframe. Additionally, an expanding channel has been identified as another significant structure. The current market price has confirmed a bullish breakout from this expanding channel, indicating the potential for a rally towards the swing high around 0.56500.
Potential after pullback to resistance zone, the price been rejected on Fibbo 50 and big bear bar before closing market last week.
Low risk and acceptable RR on this scenario, with weakness of NZD and strong CHF.
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🚀
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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...
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!
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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!
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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
