Tag: NZDCHF Analysis

I’m looking for short opportunities on the NZDCHF, and here is why

When the market breaks an important level, what is it likely to do?

I’d say it will continue in the breakout direction, until it reaches the next important level… do you agree with me?

Ok, so here is what the NZDCHF is doing on the long term charts:

From the way I see it, it is likely to continue its way down until it reaches 0.7172

Just wanted your opinion about this… What’s your take?

Cheers,

Raul Lopez
Forex Course

forex, NZDCHF Analysis

NZD Interest rate announcement & Trades update

We need to be careful with our NZDCHF & AUDJPY trades because later today, we have the interest rate announcement from the NZD. Although no change is expected, it still could have some impact on our open trades.

I had a trade open in the AUDJPY and closed it around the break even level.

My NZDCHF trade, I’m going to monitor it closely, I’d like to see it trading below 0.6960 before the announcement, otherwise I will close it.

Trade Safe!

Raul Lopez
Forex Training

AUDJPY Analysis, interest rate, NZDCHF Analysis, trade update

NZDCHF – Short signal, in a clear bearish condition

The NZDCHF is trading in a very clear bearish market condition, it was rejected from an important ST resistance level and formed a significant pattern with downward pressure:

The market just triggered my short entry. Here are the details of my trade:

Entry: 0.6986
SL: 0.7027
TP: 0.6793

It has a pretty good risk-reward ratio.

Trade Safe!

Raul Lopez
Forex Training

NZDCHF Analysis

NZDCHF – Looking for short opportunities

GBPJPY Trade update: Closed it yesterday before the GBP Inflation report

The NZDCHF is trading in a very clear bearish market condition, I’m currently looking for short opportunities around the ST important levels…

What I like about the NZDCHF is that the next LT support level is at 0.6447, more than 400 pips away from where it is currently trading at.

Trade Safe!

Raul Lopez
Forex Training

NZDCHF Analysis

NZDCHF – Very clear bearish condition

The NZDCHF is trading in a very clear bearish condition, might be the clearest of them all! It traded in a range for a while, but yesterday it broke through the ST support level triggering a bearish market condition:

The next LT support level is around +370 pips away from where it is currently trading.

Trade Safe!

Raul Lopez
Forex Training

NZDCHF Analysis