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Nzdchfforecast

NZD/CHF - bearish momentum pushing price lowerNZD/CHF price has been within a respected descending weekly trend channel since 2017. Price did break out of this channel back in March as a result of the coronavirus pandemic, however, re-entered forming an ascending daily trend channel. Price did not retest the upper boundary of the weekly channel as price ran into resistance before that at 0.62 (the lows from September 2019), at which point price formed a lower high on the weekly time frame. After running into resistance from September 2019 lows and also the 50 DAY EMA, the daily trend channel was broken to the downside in Late-July. As a result, price has been on a bearish spiral ever since. After breaking strong support at 0.59693 we are expecting price to continue further to the downside as a result of the bearish momentum in the market, with an initial price target of 0.5890. A longer term target would be a retest of the lower boundary of the weekly channel at possibly 0.5750.
Short
by TheForexFellows
2
NZDCHF CAN GO BOTH SIDES.**ENG** - Price just reached our reversal area, we had an initial bias of a bullish position from this area, however price is currently very impulsive and can easily break. - If price starts to consolidate around this area, we would look for a bullish signal and enter long. - If price breaks this level, we would wait for the retest of the zone, and then enter short. **PT** - Preço a atingir a nossa zona de reversão, inicialmente tínhamos uma opinião bullish, no entanto devido ao quão impulsivo o preço se encontra, há uma enorme possibilidade de quebra. - Se o preço consolidar por volta desta zona, o melhor será aguardar por um sinal de subida e entrar em compra. - Se o preço quebrar esta zona de suporte, o melhor será aguardar pelo retest e entrar em venda.
by Wevesting
NZD/CHF could go lower if resistance holds💡Hello traders, Hope you are having fantastic summer and also are finding time for trading as well :) I will really apricate any likes and follows, that would help grow this channel. Let's take a look at NZD/CHF on daily chart. We can see that price is at key resistance line. We believe NZD will have tough week and many pairs involving kiwi will see down movement. However, we will wait for confirmation before entering any trades. Let us know what you think about this idea. Trade safe !
Short
by UnknownUnicorn3249870
NZDCHF Daily could have a long run . We pay attention on price Having a look on my chart on Renko, Heikin-Ashi , PSAR , LWMA 200,50,40,7 on D,4H,1H I got a long entry signal . CHF Unemployment rate increased to 3.4% during the time . Jan was 2.6% GDP Growth rate decreased -2.6% GDP Annual Growth rate decreased to -1.3% Retail Sales decreased to -14.7% NZD Unemployment rate increased to 4.2% is below Jan 2020 4.3% last month 4.2% GDP Growth rate decreased to 0.5% is positive and is not minus GDP Annual Growth rate decreased to 1.8% is still positive Retail Sales desecrated to -0.7%
Long
by UnknownUnicorn4000729