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Even though the NZD/CHF is in a directionless consolidation, we can see that the price is gravitating heavily to the downside. It has repeatedly found support at the 0.6740, yet after every bounce it tends to return to this area, creating a pronounced bearish bias.
if the pair closes beneath the last support level of 0.6945 this will be an indication of a negative momentum and a fast exit from a buy position.
will waiting for retracement around fibo 38.2% and 50% (as the re-test confirmation of support break).
fibo 38.2% = 0.6625 area
fibo 50% = 0.67 area
cheers
NZD/CHF is in a directionless consolidation, we can see that the price is gravitating heavily to the downside. It has repeatedly found support at the 0.6740, yet after every bounce it tends to return to this area, creating a pronounced bearish bias.
t is important to stress that a clean breach, in the shape of a daily close under it, of the strong support level at 0.6890, will signal for a continuation of the pair's downward movement, towards the next low support level located around 0.6280 Swiss francs for one New Zealand dollar.
the strong support level at 0.6890, will signal for a continuation of the pair's downward movement, towards the next low support level located around 0.6280 Swiss francs for one New Zealand dollar.
NZD/CHF pair identifies a descending wedge formation as recent risk aversion flows continue to see traders moving from the higher-yielding, growth-linked currencies, into the safety of the swissie
the pair trading in the middle of a slight descending channel that it has carved out since late March, there is an opportunity to trade the pair back towards its Range Bottom, provided that the Reserve Bank of New Zealand holds a dovish tone after today’s rate decision.
NZD/CHF sold off from 0.7500 to 0.6380 in a matter of weeks. That was followed by a rally of almost 800 pips just as fast. By a comparison, during the last three weeks, the price range has been about 200 pips – a non-event.
Both currencies have appreciated for varying reasons, however: the Kiwi offers a safer asset than the Australian Dollar, which has a higher overnight interest rate, and thus serves as a modest exposure to risk for market participants seeking such; on the other hand, the Franc has appreciated sharply across the other majors as investors have sought safe haven amid the crumbling of the world’s two economic pillars,
the pair trading in the middle of a slight descending channel that it has carved out since late March, there is an opportunity to trade the pair back towards its Range Bottom, provided that the Reserve Bank of New Zealand holds a dovish tone after today’s rate decision.
we can notice from the chart that the pair has closed under 0.6100 , that's mean the down trend is expected and the pair might head to 0.6000 then 0.5950 , however the pair made a hourly correction
the pair has closed it's daily candle under the level of 0.5700 , and that's mean that the down trend is still standing and the pair might reach 0.5600 and then 0.5550
as we can see from the chart , the pair has succeeded in breaking 0.6100 and reached 0.6200 , so that's mean the up trend is still standing and the pair might head to 0.6250 and the 0.6300
the pair trading in the middle of a slight descending channel that it has carved out since late March, there is an opportunity to trade the pair back towards its Range Bottom, provided that the Reserve Bank of New Zealand holds a dovish tone after today’s rate decision.
we can notice from the chart that the pair has closed under 0.6300 , that's mean the down trend is expected and the pair might head to 0.6250 then 0.6200 , however the pair made a hourly correction
the pair trading in the middle of a slight descending channel that it has carved out since late March, there is an opportunity to trade the pair back towards its Range Bottom, provided that the Reserve Bank of New Zealand holds a dovish tone after today’s rate decision.
NZD/CHF seems to hold the most potential for a future widening of rate differentials. Inflation expectations have moved above the RBNZ's target range
the pair and as we can see from the chart is trading under level 0.6400 , so , that's mean the down trend is still standing and the pair might head to 0.6350 and then 0.6300 how ever the pair made any hourly correction
the pair trading in the middle of a slight descending channel that it has carved out since late March, there is an opportunity to trade the pair back towards its Range Bottom, provided that the Reserve Bank of New Zealand holds a dovish tone after today’s rate decision.
he chart is showing that the pair has succeeded in closing it's daily candle above level 0.6400 , and that's mean the up trend is still standing and the pair might head to 0.6500 and then 0.6550
The Kiwi-Franc pair has traded in a tight range over the past few weeks, as both the New Zealand Dollar and the Swiss Franc have been particularly resilient in the face of global panic. Both currencies have appreciated for varying reasons
the pair trading in the middle of a slight descending channel that it has carved out since late March, there is an opportunity to trade the pair back towards its Range Bottom, provided that the Reserve Bank of New Zealand holds a dovish tone after today’s rate decision.
the Franc has appreciated sharply across the other majors as investors have sought safe haven amid the crumbling of the world’s two economic pillars, the Euro-zone and the United States.
The Kiwi-Franc pair has traded in a tight range over the past few weeks, as both the New Zealand Dollar and the Swiss Franc have been particularly resilient in the face of global panic. Both currencies have appreciated for varying reasons
the pair trading in the middle of a slight descending channel that it has carved out since late March, there is an opportunity to trade the pair back towards its Range Bottom, provided that the Reserve Bank of New Zealand holds a dovish tone after today’s rate decision.
NZD/CHF pair identifies a descending wedge formation as recent risk aversion flows continue to see traders moving from the higher-yielding, growth-linked currencies, into the safety of the swissie
the pair has stated it's trading week above the level of 0.6500 and that's mean that the up trend is expected this week and the pair might head to 0.6600 and then 0.6650 ,
the Franc has appreciated sharply across the other majors as investors have sought safe haven amid the crumbling of the world’s two economic pillars, the Euro-zone and the United States.
the pair and as we can see from the chart is trading now above the level of 0.6500 , so if the pair succeeded in breaking 0.6500 , that's mean the down trend will be assured and the pair might head to 0.6470 and then 0.6440
the pair trading in the middle of a slight descending channel that it has carved out since late March, there is an opportunity to trade the pair back towards its Range Bottom, provided that the Reserve Bank of New Zealand holds a dovish tone after today’s rate decision.
The strong Breakout (measured at 8-bars), coupled with a high Clarity reading (also 8-bars), as well as the sharp Initial Trend reading (rated at 7-bars) helped attract prolonged selling of the pair on the break of the lower support line of the Triangle.
the Swiss Franc have been particularly resilient in the face of global panic. Both currencies have appreciated for varying reasons, however: the Kiwi offers a safer asset than the Australian Dollar
the chart is showing that the pair has succeeded in closing it's daily candle above level 0.6500 , and that's mean the up trend is still standing and the pair might head to 0.6570 and then 0.6600
the NZD/CHF sold off from 0.7500 to 0.6380 in a matter of weeks. That was followed by a rally of almost 800 pips just as fast. By a comparison, during the last three weeks, the price range has been about 200 pips – a non-event.
the Franc has appreciated sharply across the other majors as investors have sought safe haven amid the crumbling of the world’s two economic pillars, the Euro-zone and the United States
the chart is showing that he pair has succeeded in breaking the level of 0.6600 , so that's mean the uptrend is still standing and the pair might continue it's up movements heading to 0.6650 and then 0.6700
selling this pair would be the best thing to do rite after the nzd market open in 2 hours time from now........correction swing down same like the others chf cross
the chart is showing that the pair has succeeded in closing it's daily candle above level 0.6600 , and that's mean the up trend is still standing and the pair might head to 0.6650 and then 0.6680
the chart is showing that the pair has succeeded in closing it's daily candle above level 0.6500 , and that's mean the up trend is still standing and the pair might head to 0.6570 and then 0.6600