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NZDCHF

NZDCHF LONG/ BUY🔰 Pair Name : NZD/CHF 🔰 Time Frame : 4H/ DAILY 🔰 Scale Type : MID Scale 🔰 Direction : LONG/BUY NZD/CHF Forecast: Bullish Momentum Expected as Price Reaches Key Support Zone Hey traders! 📈🚀 NZD/CHF has reached a critical juncture on the charts, arriving at a significant Monthly demand zone around the 0.53 area. This zone not only marks the historical low for the pair but also aligns with the bottom of a well-defined downtrend channel. 📊 Given this confluence of support levels, we are keeping a close eye on the price action, as a potential bullish reversal is in the works. 🧐💹 Our analysis suggests that the price could experience a noteworthy upward movement from this strong support area, with an initial target at the 0.55 area. This level coincides with a key daily supply zone and represents an excellent opportunity for the market to collect liquidity and balance out the demand-supply dynamics. 🎯📉 Traders should remain vigilant and look for bullish confirmation signals in the form of candlestick patterns or trendline breakouts before entering any positions. Remember, successful trading requires proper risk management and adherence to your trading strategy. 🛡️📈 Stay tuned for updates throughout the week as we monitor the price action closely. Let's capitalize on potential market opportunities and make some profitable trades together! Happy trading! 🤝😄
Long
by Moon_SmartMoney
NZDCHF Short =Swiss National Bank+Gold up+DXY DOWNSwiss National Bank’s Took on Credit Suisse Crisis The SNB carried out its monetary policy assessment just 4 times per year, half the number of policy meetings that the Fed has scheduled for 2023. For the upcoming SNB meeting, markets had expected another hike of 50-basis points (bps), following the central bank’s hikes last year totalling 175bps. Yet, the Credit Suisse saga that’s unfolding in the SNB’s own backyard, noting the irony of Switzerland’s long-held stature as a banking haven, adds a dramatic dimension to the press conference by SNB President Thomas Jordan next week. Also May inflation figures from China will impact market risk sentiment and the pairings. Wholesale inflation numbers for April signaled weak demand, with the producer price index falling by 3.6% year-over-year. Economists forecast the producer price index to decline by 2.8% in May, which would support a pickup in demand. However, a more marked fall in the producer price index would weigh on riskier assets and the AUD/USD and NZD/USD pairings. Eying the US session, there are no US economic indicators to shift the mood following the jobless claims on Thursday. However, the Kiwi would need the inflation numbers from China to support a breakout.
Short
by DaveBrascoFX