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Nzdchfanalysis

NZDCHF Long OpportunityHey, if you like this idea be sure to support with a like and a follow. Here is my analysis for NZDCHF for the upcoming week, wait for price to pullback to retest support and take a long up to the next resistance area . What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based Trading 1. CHECK THE NEWS! 2. WHAT IS THE OVERALL TREND? 3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 6. CHECK FOR DIVERGENCE.
Long
by bluesignalfx
NZDCHF - Forex Supreme When deciding on a Forex pair one must clearly be thinking: - What is the best currency (economy) to buy -Which is a 'suffering', weak currency (economy) to short For the first part I find NZD (the New Zealand Dollar) to be in the first category for a variety of reasons (good relations with China, data has been strong, Central Bank) For the second part I choose CHF (soft performance, low interest rates, yet not so volatile) Traded in a pair, NZDCHF looks right but what does the chart say? Well take a look: 2 support levels seem like a prefect entry. Let's see if it works! the FXPROFESSOR
Long
by FX_Professor
NZDCHF potential short opportunityStrong weekly bearish closure Daily chart - we are (still) in a uptrend and just retraced to 100% fib level (last place it can retrace too before breaking the structure), however we did gap on Sunday and the gap has not been filled yet, so can this go further down at least to fill the gap. H4 -currently under a downtrend. 30m chart - downtrend, started retracing and came back to retest previous level of support as potential resistance testing also the 61.8% fib level. lets see if it holds
Short
by Inacio_1998