CHFNZD trade ideas
NZDCHF - Rising Wedge 1 Hr Time FrameIn 1 hour time frame NZDCHF is making rising wedge and in RSI divergence is formed.
NZD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
Bearish trend on NZD/CHF, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.537.
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NZDCHF SHORT M15 setupH4, Price formed a lower low and lower high confirmation a bearish bias.
H1, Price have retraced into a resistance level after weekend swing, As price did not breakthrough the resistance level.
In M15 Price took a lower low & lower high, forming a downtrend consolidation. Taking short trade at the night line with a tight SL of 15pips only. Targeting H4 swing low
NZDCHFWe are looking for major downsides going into the next week. Bearish bias and heavy downside has been presented. Looking for serious sell pressure to continue higher timeframe wick fill. This setup is not common which is why I am focused on trying to get the most optimum entry that I can get.
CHF/NZD - Bullish Opportunity Identified at Key Support Zone------------------- Technical Analysis: CHF/NZD ---------------------------
XABCD Harmonic Pattern Formation:
The CHF/NZD currency pair has recently exhibited the formation of an XABCD harmonic pattern, suggesting a potential reversal in price action. This pattern, characterized by specific Fibonacci ratios between consecutive price swings, has reached completion near the key support area.
Confluence with Daily Trendline:
Furthermore, the current price level coincides with a significant daily trendline, adding further weight to the bullish bias. The confluence of the harmonic pattern and the trendline strengthens the validity of the anticipated bullish move.
Trade Setup:
- Entry: The entry point for this trade is recommended near 1.8380, aligning with the completion of the harmonic pattern and the intersection with the daily trendline.
- Stop Loss: A prudent stop loss order is advised to be placed near 1.8230 to mitigate potential losses in case of adverse price movements.
- Take Profit Levels:
- TP-1: 1.8535
- TP-2: 1.8690
- TP-3: 1.8840
Rationale for Trade:
The decision to initiate a bullish position on CHF/NZD is based on the confluence of the XABCD harmonic pattern completion and the alignment with the daily trendline. This technical setup suggests a favorable risk-to-reward ratio, with potential upside targets identified.
Risk Management:
It is crucial to adhere to strict risk management principles, including proper position sizing and adherence to stop loss levels, to safeguard against unexpected market volatility.
Conclusion:
In conclusion, the technical analysis indicates a bullish bias for CHF/NZD, with the formation of an XABCD harmonic pattern and alignment with the daily trendline. Traders are advised to consider initiating long positions near 1.8380 with defined risk parameters and profit targets as outlined above. As always, prudent risk management practices should be followed to ensure optimal trading outcomes.
NZD/CHF BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
Previous week’s green candle means that for us the NZD/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.535.
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NZDCHF Will Go Down! Sell!
Here is our detailed technical review for NZDCHF.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.538.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.534 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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NZDCHFContinuation of the downwards trend with a rejection from the trend line, bearish FVG and FIB level for a sell down to the two hour demand.
nzdchfFirst Video First trade lets see how we do we in a down trend and we are trading tell we see a reversal OANDA:NZDCHF
NZD/CHF Day Trading Analysis With Volume Profile 📊On NZD/CHF , it's nice to see a strong sell-off from the price of 0.54060. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the strong volume area along with the strong S/R area from the past are my main reasons for this short trade.
Happy trading,
Dale
Potential bearish reversalPrice is rising towards a resistance level which is an overlap resistance which aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.54037
Why do we like it:
There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.54366
Why we like it:
There is a pullback resistance level
Take profit: 0.53443
Why we like it:
There is an overlap support level
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✅NZD_CHF BEARISH BREAKOUT|SHORT🔥
✅NZD_CHF is going down
And the pair broke the
Rising support and the
Breakout is confirmed
So after a local bullish
Correction we will be
Expecting a further
Move down
SHORT🔥
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fvg AND oRDER BLOCK PLUS currency strengthfvg AND oRDER BLOCK PLUS currency strength WAITING FOR nzd INDEX TO GO UP
NZDCHF - 1H - Long PositionIn this chart we have observed a Bearish Continuation pattern making LH & LL . But there is Bullish Divergence spotted which give us the signal of potential reversal towards bullish trend. So we have placed entry point above the LH level as it breaks we take an entry and we put SL & TP accordingly.
NZD/CHF 4H Quick Take: Bearish Divergence AheadThe NZD/CHF pair is signaling a cautionary tale on its 4-hour chart. Despite posting higher highs, a bearish divergence with the RSI, which has been making lower highs, suggests weakening momentum. Notably, the RSI's recent peaks above 70 highlight overbought conditions, with the latest peak lower than its predecessor, hinting at diminishing buyer strength.
The pair's interaction with the weekly pivot point at 0.54257 early this week hints at a possible retest of this level soon. Traders should brace for potential shifts, as these indicators collectively suggest a looming correction.
NZDCHF - Already Over-Bought ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NZDCHF has been overall bullish , trading within the rising channel in blue.
However, it is currently approaching the upper bound of the channel again acting as a non-horizontal resistance.
Moreover, it is retesting a strong resistance zone at 0.55 - 0.552 marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline.
📚 As per my trading style:
As #NZDCHF approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDCHF Is Going Down! Sell!
Here is our detailed technical review for NZDCHF.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.546.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.543 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NZD/CHF Order Activated Lets GONZDCHF hit 71% fib level and activated my buy limit order. If u used a limit order as i mentioned in my previous ur order should be activated too and in 35 pips profits . So congratulations if u are in this trade please make sure to book some profits and i will keep u guys updated.
Here i share my trade with full details if u didn’t put a limit order u can enter now directly and good luck all.
No Trade Today for FXThere are too many long candles and sudden changes in trend today. I won't be trading for now, although I'm keeping an eye on SGDJPY. If I spot a trade signal there, then I'll consider trading. However, I'm also staying alert for signals in other currencies, there might be a change later on.
Disclaimer: I'm still on a demo account. Once I reach my target amount of money, then I'll open a live account.
Dark Clouds above the Swiss Alps ... and the economy.Quick question:
Which Swiss export sector is the only one that has so far kept its head above water relatively well and did not have to report a decline in sales in the second quarter of 2023?
Write your answer in the comments!
(No cheating please!;)
That the Swiss economy runs like a (Swiss) clockwork was once upon a time.
As predicted in my CADCHF trade idea, dark clouds are gathering over the skies of the alps and also over the Swiss economy.
- Manufacturing PMIs have now fallen to their lowest level (38.5!) since the 2008 financial crisis.
The Swiss economy is thus following its big neighbour to the north -> good old Germany.
-> One of the main reasons for this is the too strong Swiss franc, which is hurting Swiss exporters and even the otherwise so crisis-proof pharma industry.
-> There is exactly one institution that could change this in no time:
Which is still propping up the CHF with billions.
Which is the only G10 central bank that has already managed to push inflation below the 2% mark (as I already predicted in February).
This institution with the 3 letters could weaken the CHF to give the Swiss export economy at least a little breathing space.
Could.
Will it do so?
I am sure we will be smarter by September ;)
Until then, it will rain regular updates here... with the reliability of a Swiss clockwork.
