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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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...
Hello,Friends!
It makes sense for us to go short on NZD/CHF right now from the resistance line above with the target of 0.540 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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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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Hello,Traders!
NZD-CHF will soon hit
A falling resistance lone
And as the pair is trading
In a downtrend I think that
We will see a bearish pullback
Towards the 0.5566 level
Sell!
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Hello,Friends!
NZDCHF is bearish right now and I think that market conditions
Are right for the move down
Therefore, I think it is sensible to go short!
Like and subscribe and comment my ideas if you enjoy them!
My Dear Friends ,
NZD/CHF looks like it will make a good move,
and here are the details:
BIAS: Bearish
ENTRY: 0.57847
TARGET: 0.57437
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WISH YOU ALL LUCK
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**NZDCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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**AUDNZD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Hello,Traders!
NZD-CHF is trading in a local downtrend
Below a falling resistance line
And the pair will soon retesting the resistance
From where the price is expected to make a pullback
And go down towards the target below
Sell!
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My Dear Friends ,
The demand is clearly higher than supply here, therefore:
BIAS: Bearish
ENTRY: 0.60136
TARGET: 0.59660
STOP LOSS: 0.60410
———————————
WISH YOU ALL LUCK
hello everyone x)
looking at the higher time frames, nzd/chf is looking pretty bearish, broke past a 4-hour uptrend as well as also crossed 20/50/100 moving averages suggesting selling power. 1-hour bearish engulfing candlestick closure to confirm the entry. Both currencies are being slightly bought by the hedge funds but I believe this trade has a good potential...
M15, M30, and H1 are overbought
M15, M30, and H1 all have double tops with divergence
Counter trend but patterns on H1 and M30
Stop loss should be 40 pips
1st target is 0.60274
Hello,Friends!
Based on the technical analysis
And the recent minor fundamental news
NZDCHF looks bearish to me overall.
I think that market-makers will be pushing the pair down
That is why we are going short!
Like and subscribe and comment my ideas if you enjoy them!
Hey traders,
Here is our forecast on NZDCHF.
The level where the price is trading right now is peculiar
and the price will most likely bounce from that.
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