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NZD/CHF Potential Bullish Reversal Setup NZD/CHF Potential Bullish Reversal Setup 🔄📈 📊 Chart Analysis: The chart shows a potential bullish reversal for NZD/CHF, supported by technical patterns and key levels: 🧠 Key Technical Highlights: 🔹 Double Bottom Formation (🟠 Circles) A clear double bottom pattern can be seen around the 0.48300 support zone, signaling potential reversal from the downtrend. 🔹 Strong Support Zone 📉 Price bounced from a historically respected support zone (~0.48200–0.48400), which held several times in the past (marked with green arrows). 🔹 Downtrend Breakout 🔺 A short-term bearish channel has been broken to the upside, indicating potential bullish pressure. 🔹 Target Zone 🎯 Immediate bullish target is around 0.49265, aligning with previous resistance. 🔹 Resistance Area (🔵 Boxes) Next significant resistance lies at 0.49400–0.49800, which may act as the next hurdle if price breaks the 0.49265 level. ✅ Conclusion: As long as price holds above 0.48400, bulls may aim for the 0.49265 🎯 target. A breakout above that level can open the path to higher resistances. 📌 Bullish Bias maintained above support zone — monitor for volume confirmation and retest strength.
Long
by MrStellanSight
NZDUSD - APPROACHING KEY LIQUIDITY & RESISTANCE ZONESymbol - NZDUSD CMP - 0.6017 NZDUSD rebounds from the ascending support line, initiating a distribution phase toward the liquidity zone situated above 0.6030 A significant resistance zone is observed between 0.6020 and 0.6030, corresponding to a liquidity pool. Should the current distribution pattern persist, the market may reach a state of exhaustion, potentially resulting in a false breakout. The market currently lacks a clear trend and remains range-bound, indicating that prevailing bearish pressure could impede further upward movement. Resistance levels: 0.6030 Support levels: 0.5969, 0.5932 In the context of a weakening US dollar, the currency pair may sustain its upward trajectory and test the 0.6030 level in the near term. However, considering the structural nature of the current price action, a downward correction appears probable thereafter.
Short
by akshit_official
2
NZD/USD 4H Chart Breakdown – Trendline Breach & Bearish Setup📉 NZD/USD 4H Chart Analysis 1. Trendline Break 🚨 * Price was following a strong uptrend line (↗️) * Broke below it sharply ➡️ Bearish sign * Momentum shifted from bullish to bearish 2. Retest Resistance Zone 🔄 * After the drop, price bounced back into a blue resistance box (🧱) * This was previous support → now resistance * Classic "break → retest → drop?" setup forming * Expecting a possible rejection here (✋) 3. Target Point 🎯 * Bearish continuation may push price to 0.55166 zone * This is your target point (📍) * Previous key support — might attract buyers again 4. Scenarios to Watch: ✅ Bearish Confirmation: Price gets rejected at resistance (🧱) Forms bearish candle (📉) Continues down to target (🔽🎯) ❌ Bullish Invalidator: Price closes above resistance zone (🔼) Breaks back inside trend = Bullish comeback (🟢) Current Bias: 🔴 Bearish unless price reclaims resistance above 0.5700 👀 Watch that zone closely for a potential entry signal
Short
by Jameshead007