NZDCHF
💡Don't miss the great buy opportunity in NZDCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6419).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 0.6503
TP2= @ 0.6534
TP3= @ 0.6569
TP4= @ 0.6632
TP5= @ 0.6701
SL= Break below S2
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💡Don't miss the great buy opportunity in NZDCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6406).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 66.
Take Profits:
TP1= @ 0.6476
TP2= @ 0.6504
TP3= @ 0.6542
TP4= @ 0.6575
TP5= @ 0.6620
SL= Break below S2
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GBPUSD and NZDCHF and EURUSD Technical Analysis
Here on GBPUSD we have been in a Bullish channel and inside this channel it has formed a Bullish Flag. As we see on the chart the price has got rejection from two support lines of the Bullish channel and the Flag and also a very strong Support area.
Buy now or Buy at 1.40767
SL @ 1.39890
TP1 @ 1.41820
TP2 @ 1.42430
TP3 @ 1.43389
here on NZDCHF on the bigger picture we see a Bullish Flag and it seems that if we get a break above the short term Resistance within the Flag the price will move higher to touch the upper band of the Flag.
Here on EURUSD we also see a Bullish Flag, The price is near the Support area and the Support line of the Flag. It seems that the price can't get a way from it. If we see a good long entry in the lower time frame we can go long, however if the price ranges at this area the probability of the breaking below the Support increases.
💡Don't miss the great sell opportunity in NZDCHFTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.635).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Take Profits:
TP1= @ 0.6300
TP2= @ 0.6265
TP3= @ 0.6235
TP4= @ 0.6185
TP5= @ 0.6110
SL: Break Above R2
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💡 Don't miss the great sell opportunity in NZDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6367). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 25.
Take Profits:
TP1= @ 0.6286
TP2= @ 0.6255
TP3= @ 0.6227
TP4= @ 0.6173
TP5= @ 0.6118
SL: Break Above 0.639
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💡Don't miss the great sell opportunity in NZDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.612). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 0.6090
TP2= @ 0.6068
TP3= @ 0.6040
TP4= @ 0.6025
TP5= @ 0.6005
SL: Break Above 0.614
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NZDCHF Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of NZDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 44 - 26 Oct
M > Market is moving in a downward channel with few breakouts. Price moved up to test previous support now turned monthly resistance and faced rejection.
W > We can notice that price is facing rejection from supply zones that turn into resistance. Price moved up to face rejection in 1st week of June and supply zone created in last week of June that turned into resistance for price in August and September.
D > After creating double top at daily resistance level price is dropping in a downward channel. Price has completed W formation as expected and it dropped last week to test weekly demand zone, faced rejection and moved upward till resistance of channel. We expect price to drop to test weekly demand zone again.
As per COT NZD saw closure of both Long and Short positions further improving net positions, whereas ZXY was weak during the said week but it gained strength last week. ZXY has been gaining strength slowly since June 2020. CHF saw addition of more Long than Short positions, improving net positions whereas Commercials also added few Long and more Short positions increasing net open positions. However SXY was weak during the said week but it gained strength last week.
4H > Price has faced rejection at resistance of channel and is currently testing 4H supply zone. We expect price move to the downside.
Pair Correlation > NZDCHF has positive correlation with NZDCAD and NZDUSD and negative correlation with EURNZD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions.
Thank You
AP17FX
Don't miss the great buy opportunity in NZDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6036). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 65.
Take Profits:
TP1= @ 0.6070
TP2= @ 0.6095
TP3= @ 0.6123
TP4= @ 0.6166
TP5= @ 0.6215
SL= Break below S2
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Don't miss the great sell opportunity in NZDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.618). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
Take Profits:
TP1= @ 0.6125
TP2= @ 0.6070
TP3= @ 0.6040
TP4= @ 0.5970
TP5= @ 0.5910
SL: Break Above R2
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Don't miss the great sell opportunity in NZDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6125). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 55.
Take Profits:
TP1= @ 0.6070
TP2= @ 0.6040
TP3= @ 0.6005
TP4= @ 0.5965
TP5= @ 0.5935
SL: Break Above R3
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. . . . . Please show your support back,
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Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great sell opportunity in NZDCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.624). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 46.
Take Profits:
TP1= @ 0.6145
TP2= @ 0.6042
TP3= @ 0.5975
TP4= @ 0.5902
TP5= @ 0.5755
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
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💎 Want us to help you become a better Forex trader?
Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in NZDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6302). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 0.6343
TP2= @ 0.6425
TP3= @ 0.6524
SL= Break below S2
There is a trading opportunity to buy in NZDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6593). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 0.6638
TP2= @ 0.6715
TP3= @ 0.6810
SL= @ 0.6505