CHFNZD trade ideas
NZDCHF Strong buy opportunity within the Channel Up.The NZDCHF pair delivered a fast-profit buy signal last time (May 09, see chart below), with the price even breaking above the established Channel Up:
A new Channel Up prevailed as seen on the current chart and since it held the Support of the 1D MA200 (orange trend-line), it broke again above the 1D MA50 (blue trend-line) and gave a bullish confirmation.
We expect the extension of the uptrend in the form of the new Bullish Leg of the Channel Up (1D RSI also rebounded on a bottom formation similar to all previous buy opportunities). Our Target is 0.56750 (Resistance 2).
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NZDCHF Rising wedge fakeout A fakeout has formed, making it seem like the price broke above the pattern but then failed, leaving a significant shadow as a sign of rejection at the trendline. Additionally, there is a 0.786 Fibonacci area around that region.
Typically, the target for a rising wedge pattern is a downward movement, which increases our optimism for short selling.
SL: 0.55152 (13 pips)
TP: 0.54697 (+2.5)
NZDCHF: Bullish Reversal Confirmed?! 🇳🇿🇨🇭
NZDCHF leaves multiple bullish clues on a daily:
I see a bullish flag pattern and a cup & handle formation.
Both the trend line and a neck line of the patterns are broken.
We can expect more growth now.
Next resistance - 0.553
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ICT Long setup NZDCHF H1 chart👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in
NZDCHF for session trade (a couple of hours)
Please refer to the details Stop loss, FVG(Buy Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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NZDCHF Short Term DowntrendSeveral factors pointing to a drop on NZDCHF from current levels:
- RSI divergence on the recent high
- NO RSI divergence on the recent low
- Blue resistance zone
- Mid-channel resistance zone
Expecting first a test of the bottom trendline, and possibly a breakout to the downside.
NZD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
NZD/CHF pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.540 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NZDCHFPrice Action Trading
Daily Bias Bullish
Price consolidation at Daily support level for a few days. Finally broken through the consolidation area and pushed higher.
With Fundamental NZD getting stronger and CHF reduce interest rate which weaken CHF.
Long setup ideal at broken resistance at consolidation level, targeting Daily Swing High R:R 1:3.25 with SL below the Consolidation Support Level.
Capture 80 Pips on NZDCHF + Tips for Small vs. Big GainsIn this video, I'm diving into a quick trading opportunity on NZDCHF, aiming to capture a swift 80 pips! I'll also share valuable tips on how to determine when to go for small gains and when to aim for larger ones.
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NZDCHF - Entering in Bearish TrendThis pair has shown interesting characteristics and the connection this chart has shown between time frames of 1H, 30m and 15m. I noticed prominent divergence on a 15m time frame which faded away on 30m and 1H time frame. At 1H time frame I managed to plot an ABCD Bearish Reversal Harmonic Pattern and the beauty of harmonic became prominent when the PRZ (Point D) was at the exactly same point where the divergence at a smaller time frame (15m) emerged. Moreover, the chart also made a Double Top reversal pattern which indicated a downward trend. So, on the basis of pure technical analysis and doing it on different time frames to justify the chart behaviour, I placed a pending order of Sell Stop.
The Signal is:
EP: 0.54751
SL: 0.54878
TP: 0.54620
RR: 2%
Lots: 1.44
NZDCHF - In Bearish TrendNZDCHF was in bullish trend earlier (1H Time-Frame) and made a Reversal Pattern of Rising Wedge. The chart had a breakout in the reverse direction making it in a bearish trend. At the moment with 5m time-frame, the chart is making a Continuous Pattern of a Rectangle and probability of bearish breakout is possible. No divergence is observed. Pending order of Sell Stop is placed.
The Signal is:
EP: 0.54492
SL: 0.54607
TP: 0.54380
RR: 1%
Lots: 0.80
NZDCHF: Confirmed Descending channel (bearish)
OANDA:NZDCHF is currently testing a 4 hr resistance of a descending channel
also retesting previously broken of an inner immediate/short term trend support level, which is now likely acting as resistance following the breakout.
price rejecting the golden fib level
I anticipate that the price will soon decline
NZDCHF Will Move Lower! Short!
Take a look at our analysis for NZDCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.546.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.544 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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DeGRAM | NZDCHF reversal from supportNZDCHF is moving under the descending channel between the trend lines.
The chart is above the support level, which has already become a reversal point twice.
We expect a rebound after the support is retested.
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