NZDCHF My Opinion! SELL!
My dear friends,
NZDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.5449 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.5434
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
NZDCHF trade ideas
NZD/CHF SHORT FROM RESISTANCE
Hello,Friends!
NZD/CHF pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.541 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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Nzdchf sell trade- *Moving Averages*: The moving averages may suggest a bearish trend if the short-term averages are below the long-term averages. For instance, if the 10-period Exponential Moving Average (EMA) is below the 20-period EMA, it could indicate a bearish momentum.
- *Oscillators*: Oscillators like the Relative Strength Index (RSI) or the Stochastic %K might be trending towards overbought conditions, which can signal a potential reversal to the downside.
- *Pivot Points*: If the price is below the central pivot point and making lower highs and lower lows, it could be an indication of a bearish trend continuation.
- *Volume*: Lower volume on upswings and higher volume on downswings can confirm bearish sentiment.
- *Price Action*: A series of bearish candlestick patterns, such as bearish engulfing or three black crows, could be observed, reinforcing the bearish outlook.
- *Chart Patterns*: Bearish chart patterns like head and shoulders, double tops, or rising wedges might be forming, indicating potential downward movements.
NZDCHF - Bullish continuation ✅Hello traders!
‼️ This is my perspective on NZDCHF.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I expect bullish price action from here after price rejected from bullish order block + institutional big figure 0.54000.
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Falling towards 38.2% Fibonacci retracement support?NZD/CHF is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 0.53942
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.53448
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Take profit: 0.54482
Why we like it:
There is a pullback resistance level
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NZD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
The BB upper band is nearby so NZD-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.538.
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SELL NZDCHF 💲💀💲 №342 FX:NZDCHF
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NZDCHF in the first half of 2024A glimpse of the NZDCHF in the first half of 2024
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NZD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
Bearish trend on NZD/CHF, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.537.
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