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Nzdchflong

NZDCHF approaching resistance, potential drop!NZDCHF is approaching our first resistance at 0.6947 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur to our major support at 0.6779 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
1
NZDCHF approaching resistance, potential drop! NZDCHF is approaching our first resistance at 0.6945 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.9278 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
1
Long NZD/CHF on dipsNZD/CHF retraces above 20-DMA, intraday bias bullish. Technical studies have turned bullish. Scope for test of trendline resistance at 0.69. Breakout at 0.69 will accentuate upside. Next major resistance lies at 0.6939 (Dec 4 high). On the flipside, the pair finds immediate support at 20-DMA at 0.6843. Break below 55-EMA negates bullish bias. Support levels - 0.6844 (20-DMA), 0.6790 (55-EMA), 0.6749 (110-EMA) Resistance levels - 0.69 (trendline), 0.6915 (Feb 18 high), 0.6939 (Dec 4 high) Good to go long on dips, SL: 0.6840, TP: 0.69/ 0.6915/ 0.6940
Long
by FxWirePro
1
NZDCHF Starting To Fall Soon Enough1. The volume divergence has been formed, so that the price pressure will be more likely to go down -------------------------------------------------- -------------------------------------------------- ---- 2. Reversing the Fibonacci level of 0.618, the price has reversed and has retested the first wave of the elliot wave -------------------------------------------------- -------------------------------------------------- ---- 3. The consolidation phase, this stage has ended and will change the direction of the next stage. -------------------------------------------------- -------------------------------------------------- ---- 4. Stop Zone, determine the stop level at the level of -0.236 which is at the price of 0.71 -------------------------------------------------- -------------------------------------------------- ---- 5. Target Zone, the price will move far towards fibonnachi level 1.618 which is the level of 0.61 -------------------------------------------------- -------------------------------------------------- ---- ############################## Recommendation: Signal Strength >>> $$$$$ ############################## ----- This writing is purely for education and does not imply buying or selling ----
Long
by VolumeWaveFX
NZDCHF approaching support, potential bounce! NZDCHF is approaching our first support at 0.6714 (horizontal overlap support, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6789 (38.2% fiboancci retracement). Stochastic (89,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
NZDCHF approaching support, potential bounce! NZDCHF is approaching our first support level at 0.6714 (horizontal overlap support, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6789 (38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
NZDCHF approaching resistance, potential drop!NZDCHF is approaching our first resistance at 0.6819 (61.8% Fibonacci extension, 61.8% Fibonacci retracement) where we might see a drop in price to our first support at 0.6532 (61.8% Fibonacci extension, Horizontal swing low support). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Short
by Klimex
NZD/CHF - 100 Pips+ OpportunityNZDCHF has broken above the 50 and 200 EMA and has been in a consolidation for quite a while. As it finds its support and confirms it, we can expect a move higher up. This is a very probable continuation pattern. To be entered within the next 8-16 hours if everything goes as expected. *I'd personally let this short term push up happen and wait for the low test after it, which will confirm that it can't go down, to enter in the long term up move. *Keep in mind that if the low test fails, then we would love for either a complete reversal back down or simply a dip down for a push back up. The more data we get, the more confirmation we'll have as to what will happen. Trade safe.
Long
by MoolahMaker
NZDCHF approaching resistance, potential drop! NZDCHF is approaching our first resistance at 0.6742 (Horizontal pullback resistance, 50% Fibonacci retracement, 100% Fiboancci extension) and a strong drop might occur pushing price down to our major support at 0.6591 (Horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill