Hello,
Welcome to this analysis about CHFNZD, we are looking at the 45-minute timeframe perspectives. As I discovered in the last times CHFNZD has formed this main descending-channel-formation in which it has a coherent wave-count with the waves A to C almost already completed and now with the wave C testing the lower accumulation-channel marked in green in my...
Take a look at our analysis for NZDCHF.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.529.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.525 level.
P.S
We determine...
Bullish indications:
Major support respected.
Trend line break out.
Morning star candle from the support.
HHHL.
Fib level 0.382 retracement.
Bearish indication:
Resistance ahead.
Trade plan bias long @ 0.52939
SL:0.52826
TP1:0.53052
TP2:0.53108
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Downtrend channel was broken up. Price is testing the new support. Good time to open a long position. SL below the previous green candle, triggers if a red daily candle closes under it.
On the other hand we have a rounding bottom, not a big one but was enough to break out the channel.
The currency pair is trending in a bull trend. An upward channel has been formed indicating bullish continuation. There is no any divergence hence no weakness is seen so far. Also, bullish ABCD pattern is also seen indicating strength of bulls till PRZ is achieved.
this is my bullish technical idea and price action analyse . now wait for come previews support and resistance zone after trend continue to uptrend you can entry .because overall uptrend .you can see it .however this is my opinion only no more signal
First thing we are doing is longing it to its PRZ area. We have set the 1:1 risk ratio and after that at PRZ we will look for a divergence as per the Harmonics and if it forms the divergence then we will short it on reversal pattern or on simple Dow theory on LH and LL.
We are trading Harmonics in this and other information is on the chart. You can see the chart...
Price has tapped into our extreme POI and I would consider having a short position
I will take partials along the way and let the rest run risk free.
Let me know what you guys this down bellow .
Hy team we are here to discuss about NZDCHF. NZDCHF is getting good volume from this support level. Here it has Maximum chances we can see price around 0.54 soon .
Keep in touch we will update further soon.
Based on the H4 chart analysis, we can see that the price is falling toward our buy entry at 0.5255, which is a pullback support level.
Our take profit will be at 0.5286, a multi-swing high resistance level. The stop loss will be placed at 0.5214, a multi-swing low level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk...
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
