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Nzdchflong

NZDCHF approaching resistance, potential drop! NZDCHF is approaching our first resistance at 0.6735 (Horizontal pullback resistance , 100% fiboancci extension, 23.6% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.6618 (horizontal pullback support, 100% fiboancci extension, 50% fiboancci retracement). RSI (89) 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
POTENTIAL LONG SETUP ON NZDCHFPrice completed an impulsive wave 1-5 and about to complete the corrective ABC wave. . The ABC correction which is likely to reverse from a confluence of ascending trend line, support level, and 38.2 Fib of the previous impulse. . Considering that price is in an area of value, we will wait for the break of the blue Counter Trend Line for a buy entry. . Price has the potential to move towards -27.0 Fib extension once it breaks our CTL, but we have to put the weekly resistance level that lined up with descending trendline in consideration. . I hope you have a good start to the week. Go and win!
Long
by Veejahbee
FxWirePro: NZD/CHF Trade Idea- Price action above cloud and major moving averages - The pair has bounced off strong support at 0.6730 (nearly converged 21-EMA and 200-DMA) - Momentum studies are bullish, RSI is at 71 with strong upside bias - MACD is on verge of bullish crossover on signal line - 5-DMA is immediate support at is sharply higher Support levels - 0.6841 (5-DMA), 0.6817 (61.8% Fib), 0.6743 (200-DMA) Resistance levels - 0.6952 (78.6% Fib), 0.6978 (June 14 high), 0.7032 (88.6% Fib) Good to go long on dips around 0.6890, SL: 0.6830, TP: 0.6950/ 0.6980/ 0.7030
Long
by FxWirePro
NZDCHF BULLISH CONTINUATION SETUP WITH WAVES ANALYSISPrice reversed from weekly support and broke out of midterm descending trendline and resistance zone. Price has the potential to retest the broken resistance level that is lined up with 50.0 Fib ratio and moving averages as support to make an upside continuation move to the weekly descending trendline & resistance zone. Considering that the correction has started, we will wait for it to complete and reach our confluence zone which is also a possible completion of the 4th wave of Elliot Waves pattern then look for the breakout of CTL for a long entry. Safe trading!
Long
by Veejahbee
NZDCHF approaching support, potential bounce! NZDCHF is approaching our first support at 0.6501 (Horizontal overlap support, 38.2% fibonacci retracement, 61.8% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 0.6610 Horizontal swing high resistance, 38.2% fibonacci retracement). Stochastic (21,5,3) is also approaching support and we might see a corresponding bounce 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 also approaching our first support at 0.644 (horizontal overlap support, 38.2% Fibonacci retracement, ascending channel support) and a strong bounce might occur above this level pushing price up to our major resistance at 0.6514 (horizontal swing high resistance, 61.8% Fibonacci extension). Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce 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 resistance, potential drop! Price is approaching our first resistance at 0.6722 (horizontal pullback resistance, 23.6% Fibonacci retracement , Elliot wave structure) and a strong reaction might occur below this level pushing price down to our major support at 0.6667 (horizontal swing low support, 100% Fibonacci extension ). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. Stochastic (21,5,3) is also approaching resistance and a reaction below this level might see a corresponding 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
NZDCHF approaching resistance, potential drop! NZDCHF is approaching our first resistance at 0.6722 (horizontal pullback resistance, 23.6% Fibonacci retracement, Elliot wave structure) and a strong reaction might occur below this level pushing price down to our major support at 0.6667 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. Stochastic (21,5,3) is also approaching resistance and a reaction below this level might see a corresponding 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 easyMarkets
NZDCHF Approaching Resistance, Potential Drop! NZDCHF is approaching our first resistance at 0.6720 (horizontal pullback resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 0.6667 (horizontal swing low support, 100% Fibonacci extension, Elliot wave structure). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (89) is also approaching our resistance where a reaction below this level might see a corresponding drop in price.
Short
by FXTM_ForexTime