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Nzdchfshort

NZDCHF 4H CHART ANALYSIS, SHORT POSITION. A possible new short position on NZDCHF can be opened considering that the pair didn't managed to continue with the bullish channel. The stop loss at 0.65515, while the first TP at 0.63975 and the second TP at 0.62620. The break of the support at 0.64580 equals a continuation of the bearish momentum. An important fact to consider is the stronger demand for the safe haven currencies (US dollar, Japanese Yen, Swiss franc) due to the raise of COVID 19 cases.
Short
by Luke220600
Wait for the opportunity to sell with NZDCHFH2 time frame. Structure: Downtrend. The price formed a retracement wave and retested the 0.64500 resistance. After forming a new high, the price immediately down sharply with the upward momentum also weakening. Waiting for a candlestick pattern to appear, NZDCHF can be sold. The profit target is the 0.63600 zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short
by tradafx
Opportunity to sell with NZDCHFH1 time frame. Structure: Downtrend. After a strong move down to create a new bottom forming a downtrend, the price of NZDCHF is showing signs of retesting the previous support at 0.64500. Wait for another retest to this price, then you can look for selling opportunities. The profit target is the 0.63700 and 0.62400 zones. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short
by tradafx
Wait for a sell signal with NZDCHFH1 time frame. Structure: The bullish structure is broken. Price breaks Key level at 0.65000. Currently, the price is forming a small accumulation area retest Key level has just been broken. If the price breaks out of this consolidation area, confirming the downtrend, selling with targets at 0.63500 and 0.62600 is possible. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short
by tradafx