Have a look at the main chart where the monthly TF shows the price confined in a long term triangle pattern which has been respected on numerous occasions, especially the upside trendline of the triangle. The EMA 50 has been respected too in this case and shall the monthly candle close below the 0.67000 level, we have a very good chance that this price will likely...
Chart time frame - H4
Timeframe 1-2 Days
Actions on -
A – Activating Event
Market will meet resistance in zone @0.6805 - .... and fall to the 0.673. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 0.673
NZDCHF remains anchored in a downtrend as highlighted by the 55 SMA Slope.
The Kiwi sunk to a fresh yearly low last week, after the RBNZ cut interest rates. With risk sentiment deteriorating in the face of broken down trade talks between the US and China, Kiwi upside is likely to be limited.
We favour shorts on pullbacks towards short-term resistance levels.
NZDCHF BUY set up -
Market has reached a strong up trend line thats been going strong since Sept 2018.
I've posted a video on Freedom Traders telegram showing the analysis for this pair and multiple TP options on this trade.
Video topics -
Worst case scenario
My final verdict
Telegram link -...
Looking at the strength and weakness charts we could anticipate another push lower for this
currency pair. NZD remains weak and could continue lower until we see some significant
buying opportunities. The non-commercial contracts showed an increase of 42% in longs suggesting
we could see some strength re-appear for the Swiss Franc. Technically we can see that...
NZDCHF view as on D1
The triangle pattern marked is indicated by the MT4 indicator Markup Buddy. This indicator is excellent in drawing key support and resistance levels where chart patterns then come forward.
# For more information on Markup buddy please read here www.profitfxza.com
See my analysis below while using this tool:
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 2nd, 2019 and we will be taking a look at the New Zealand Dollar against the Swiss Franc. Looking at the overall structure on the 4 hour time frame, we may see a retracement back to a key support area near the .6720 region. This area has held as support many times in the past and we're...
Hello Traders, welcome to the Daily Forex technical analysis. Today is April 29th, 2019 and we will be taking a look at the New Zealand Dollar against the Swiss Franc. The overall structure we are currently seeing is a nice triple bottom off the .67203 region and price action heading back up towards a key resistance area near the .68165 zone. Looking at the 4 hour...