Hey Traders!
Here's an exciting update: We're looking at a promising bearish opportunity, with a target of at least 5283, and potentially even more. The market trend seems firmly bearish, and we've got an engulfing candlestick pattern confirming our entry point. The recent daily rebound off the 50-day moving average indicates that sellers are still active. Plus,...
✅NZD_CHF went down and
Up sharply and is now retesting
A horizontal resistance level
Of 0.535 from where I think
We will see a local move down
SHORT🔥
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Take a look at our analysis for NZDCHF.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.528.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.533 level soon.
P.S
Please, note that an oversold/overbought...
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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hello traders.we had daily supply area before and in 4h choch happened.now in pullback we looking for confirmation in smaller time for open our sell position.
R:R 3.57
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Please, check our technical outlook for NZDCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.541.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.538 level.
P.S
We...
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NZDCHF chart which, if analyzed properly, clearly points in the downward direction.
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Hey Traders, In preparation for tomorrow's trading session, our focus centers on NZDCHF, where we are carefully monitoring a potential buying opportunity around the 0.53300 zone. Currently entrenched in an uptrend, NZDCHF showcases a sustained upward trajectory. Concurrently, the currency pair is navigating a correction phase, gradually converging towards the...
Hello,Traders!
NZD-CHF retested a horizontal
Resistance level of 0.5419
Then went down and broke
The rising support line so
We are now bearish biased
And I think that we will see
A further move down
Sell!
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Hey Traders, in today's trading session we are monitoring NZDCHF for a buying opportunity around 0.53500 zone, NZDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.53500 support and resistance area.
Trade safe, Joe.
Welcome back! Let me know your thoughts in the comments!
** NZDCHF Analysis - Listen to video!
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I am expecting a continuous upward movement for NZDCHF, there has been series of confluence to make me believe NZDCHF will make a new higher high. Now we wait and see.
Price could fall to our buy entry at 0.8327, which is an overlap support level, aligning with the a61.8% fibo retracement. Our stop loss is at 0.8269, which is below a swing low support level. Take profit is at 0.8395, which is a multi-swing high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may...
Price is falling to our buy entry at 0.5371, which is an overlap support level, aligning with the 61.8% fibo retracement. Our stop loss is at 0.5345, which is below a swing low support level. Take profit is at 0.5411, which is a swing high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be...
Please, check our technical outlook for NZDCHF.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.540.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.545 level.
P.S
We determine oversold/overbought...
