NZD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
It makes sense for us to go short on NZD/CHF right now from the resistance line above with the target of 0.533 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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CHFNZD trade ideas
NZDCHF ShortThe price has changed its bullish trend to bearish trend already. We can see a bullish divergence at this point. So the price is expected to take a pullback from here. We have defined two entry points for the short position here, and we will hold this trade and ride the downtrend of the price.
NZDCHF: Huge Demand Zone Ahead 🇳🇿🇨🇭
NZDCHF has recently broken and closed above a wide horizontal resistance area,
the broken structure turned into a demand zone.
The price is retesting that structure at the moment.
I think that a bullish wave my initiate from the underlined blue area.
Next resistance will be 0.547
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NZDCHF: Another Chance For The BullsNZDCHF: Another Chance For The Bulls
Once again NZDCHF proved to have a strong support area near 0.5280
Regardless of the speculations that we had during December,
NZDCHF managed to hold on to this area.
This is increasing the chances that it will rise again and test the resistance area where it was at the beginning of December near 0.6410 and probably even higher at 0.5460
You may find more details in the chart!
Thank you and Good Luck!
NZDCADNZDCAD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?
NZDCHF, is this a reversal?NZDCHF / 1D
Hello traders, welcome back to another market breakdown.
NZDCHF pair has been trading in a Bearish trend, However, the price is showing evidence of a reversal around Key Yearly Low. Which might lead to more higher prices to see. I'll look to get on lower prices after getting the LTF confirmation in the next Pull-back phase.
Trade safely,
Trader Leo
NZDCHF - Bearish Momentum DivergenceNZDCHF has recently broke through the Daily 200 EMA and will likely want to retest it after a recent bullish run.
It is experiencing indecision in the 1 and 5min timeframes which often precede a new energetic move.
The MACD is also painting a Bearish Divergence indicating a slowing down of momentum.
NZD/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
We are going short on the NZD/CHF with the target of 0.538 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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✅NZD_CHF SHORT FROM RESISTANCE🔥
✅NZD_CHF is about to retest a key structure level of 0.5440
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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NZDCHF: China Temporary Bottom and New ZealandFundamentals:
New Zealand and China: How China Will Influence New Zealand's Currency
Pessimism regarding China's economy has reached its highest point for the past year.
According to the Wall Street Journal, FDI in China grew in the smallest record since 2004 (two decades): www.wsj.com
I believe that there will be a temporary recovery this quarter and the second quarter.
This will affect Australia and New Zealand's economy in a positive way.
Technicals:
Monthly Extremes
Monthly Engulfing candle
RSI extreme
Daily Stage 3 buying pattern
broken trend line