As I posted in the comments section of my monthly chart, this pair is in a potentially very strong downtrend.
We're looking at a complete 5 wave decline, with an apparent 3 part correction, which looks like a zigzag and could be complete.
I suggest watching price action at the open and waiting for confirming price action before taking a new short position.
Good...
Informational chart only.
If we cross the level price sits at confidently, we might retest lower areas, around the 0.63043 mark.
I'll update with a shorter timeframe short entry.
Currently in the middle of a very strong decline with no pause.
Looks to be impulsive behavior after a long term consolidation.
The triangle in CCI is wild speculation, but makes me think...
In this pair we see a clear uptrend, and a pullback to support.
The price is over the weekly pivot, I drew two Tom Demark trendlines showing where I expect it to break.
A safer bet long would be on the breach of the daily pivot with a stop below even handle support at 0.7700.
Daily currency relative strength shows USD and NZD on top, with JPY closely following...
The challenge might be getting filled on this one, and what I'm wondering is whether price will come back to fill the order -- or whether a more aggressive order entry be warranted. Of course, I prefer to let price come to me, and so I'm sticking with 7520 as my entry point, as it is a resistance level that is also close to a 61.8% Fibonacci retracement level from...
English : Still trap on consilidation area, but we can see there is new downchannel perform. If this channel continue this week, bearish target will be at 0.7370
Indonesian : Masih terperangkap pada sidewaysnya, namun bisa dilihat adanya pembentukan channel down baru. Apabila channel ini berhasil terbentuk sempurna, maka bearish target pada 0.7370 untuk minggu...
Bullish alrady perform after this pair failed to break fibonacci support. Maximum target bullish at 0.7628.
If full candle success enter bearish area, bearish target level at 0.7370
What's the only thing better than a doji? A DOUBLE DOJI! And that is exactly what we might be seeing today on NZDCHF. Traders may recall NZD plunged last week when the RBNZ raised rates on NZD. Now, after price plummeted to a major support level, we are seeing what looks like a double doji. I'll take this as a sign that the bears may be exhausted, and that the...
Likely shape of the head and shoulders and with divergence RSI and Momentum.
But has not yet confirmed the continuation bearish .
i need close another daily close below 7775. and prefered to sell at this level .
target will be 7670 then faces Daily trend line break target will be 7525/55.
break 7775 target will be 7850 break and hold open target to 7890 and 7935...
The 78 level proved to be a significant one for NZDCHF, and for quiet some time the PA ranged in this slightly ascending wedge, providing opportunities for short-term scalping in both directions.
The break of lower TL was not a surprise but the U-turn @7746 and break of higher TL certainly was. Unfortunately, NZDCHF didn't have strength to stay above the higher...
