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NZD/CHF

Daytrader21 Publié 14 mai comme Analyse sur NZD/CHF, Cible: 0.6727, Date: 1 de juillet, 12:00 GMT  dans #Technical analysis #NZD/CHF #Elliot Wave #Psychological Number #Abc Correction #Range Box
On an intraday level we can count the Elliott Wave cycle which suggest that there is more room to the downside. Currently we have developed only 3 wave and we're in the stage of developing wave IV before another leg lower which can take shape of another 5 wave cycle of lower degree. Right now wave number IV should end at 0.7000 big psychological number and round number. In this regard we should expect one more push higher towards the 0.7000 big round number to complete the ABC p…
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3 Commentaires
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Daytrader21 14 mai

The title of this prediction should have been: NZD/CHF Elliott Wave Count

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Daytrader21 16 mai

Update 1: NZD/CHF is playing inside a tight range between 0.6800 support level and 0.7000 big round number and resistance level. We still need another new low for the Elliott Wave sequence to be completed.

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Daytrader21 22 mai

Update 2: Right now the market is still inside the same trading range box that was last week within the following limits: 0.6770 support and bottom of the range and 0.6930 resistance and top of the range. This looks like an accumulation range from where price can break away and retrace all the way back towards the 50% fib retracement from previous swing wave, before a return and a retest of the range.

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Daytrader21 14 juin

Update 3: Even though we broke below the key big figure 0.6500, we broke right into a big pivot point and we should see this pair moving back up inside the range. We should see some more consolidation between current support at 0.6460 and resistance level at 0.6600

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NZD/CHF Trading Box Effect

Daytrader21 Publié 30 nov comme Analyse sur NZD/CHF, Cible: 0.7485, Date: 2 de janvier, 12:00 GMT  dans #Technical analysis #Support #Resistance #NZD/CHF #Liquidity #Range #Boxes
Nothing much has happened with NZD/CHF in last few years as we are moving in an never ending ranging zones. On the weekly chart (see Figure 1) you can notice this trading range boxes on top of each other which are characteristic in this range environment and which clears further current price structure. Usually the top/bottom of previous range box provides support or resistance for the next trading box as old resistance has become new support and vice versa. But there are times when price do…
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3 Commentaires
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Daytrader21 8 déc

Update 1:  We're still in the consolidation phase and we should expect during this time of the year with low level of liquidity the market to move in narrow ranges. Next support level remains at 0.7400 before any reaction

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Daytrader21 22 déc

Update 2: We're still trading within this big range boxes and we're going to continue to do so especially during this period of the year when liquidity is very low and the market stays within some even more narrow ranges.

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Daytrader21 27 déc

Update 3: The fact that we haven't succeeded to break above previous swing high 0.7685 suggest that we are headed back within the range box and the only way we could hit our target on time is for the market to close below 0.7585 during the Monday session this way the momentum can gain speed to the downside.

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NZD/CHF Trading Box Effect

Daytrader21 Publié 14 sep comme Analyse sur NZD/CHF, Cible: 0.7438, Date: 3 de novembre, 12:00 GMT  dans #Technical analysis #Support #Resistance #NZD/CHF #Elliott Wave #Range #Abc Correction #Box Effect
Nothing much has happened with NZD/CHF in last few years as we are moving in an never ending ranging zones. On the weekly chart (see Figure 1) you can notice this trading range boxes on top of each other which are characteristic in this range environment and which clears further current price structure. Usually the top/bottom of previous range box provides support or resistance for the next trading box as old resistance has become new support and vice versa. But there are times when price do…
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Daytrader21 19 oct

Update 2: Since my last update the market has stayed in a tight congestion between 0.7550-0.7450. based on Elliott wave this is a very common price action as usually during this stage of wave 4 we are moving in an consolidation. However we should complete an abc correction here so we can expect a false break out in either direction of this congestion zone than a move back inside the range before the resumption of the bearish trend

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Daytrader21 25 oct

Update 3: We're only 30 pips away from our target and as expected we where trading inside this range  between 0.7550-0.7450 and we should continue trading inside this range in coming week as well. Key support for next week remains 0.7400 which needs to hold the market in order for our forecast to remain valid.

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Daytrader21 29 oct

Update 4: As expected the market found support at o.7400 as it was unable to break below and we already have some sort of reaction from this level. We have strong supply level at 0.7550 which should provide a good resistance and I'm hoping it will be a level good enough to give a strong momentum for another push down towards 0.7400

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Daytrader21 1 nov

Update 5: Although we broke above 0.7550 supply level it proved to be a false breakout as we're back down. For next week I'm expecting the next resistance level to be at  at 0.7500 big round number as we have a weekly close below this level it suggest further downside. We're now roughly 50 pips away from our target but Monday morning i'm expecting current sell off to resume and get closer to our forecast price.

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Daytrader21 3 nov

Update 6: AT 12:00PM we where only 30 pips away from our target but few hours later our target was hit and  the market found some temporary support right at our target of 0.7438. Overall I'm satisfied by how I've managed to predict the movements in this pair

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NZD/CHF Trading Box Effect

Daytrader21 Publié 31 juillet comme Analyse sur NZD/CHF, Cible: 0.7620, Date: 1 de septembre, 12:00 GMT  dans #Technical analysis #Support #Resistance #NZD/CHF #Price Action #Range #Box Effect
Nothing much has happened with NZD/CHF in last few years as we are moving in an never ending ranging zones. On the weekly chart (see Figure 1) you can notice this trading range boxes on top of each other which are characteristic in this range environment and which clears further current price structure. Usually the top/bottom of previous range box provides support or resistance for the next trading box as old resistance has become new support and vice versa. But there are times when price do…
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5 Commentaires
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Daytrader21 3 aou

Update 1: Nothing much has happened and the sellers are still in control we need to test the 0.7600 level before going back up again. if we manage to stay below 0.7750 the sellers will be still in control only a break and a close above that resistance level will suggest otherwise/

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Daytrader21 9 aou

Update 2: As expected the momentum keep pressing down and we're now only 30 pips away from our target. We' still have to touch 0.7600 the middle of the 0.7750-0.7500 box. Right now 0.7700 remain key resistance level so we may see a retest of that level before a final spike down

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Daytrader21 16 aou

Update 3: Nothing much has happened since my last update except the fact that new we have 2 small boxes (congestion zones) on top of each other and as previously said 0.7700 has indeed stopped the upside momentum. We still need a final spike lower before to take in consideration any significant upside movement

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Daytrader21 24 aou

Update 4: although we already hit our target and had a rebound from there, we're still in a tight congestion one between 0.7700 resistance one and 0.7620 support one and until either of this 2 levels gives up we should expect further consolidation. as I said in my last update we still need a final spike lower to make  "v" shape type bottom.

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Daytrader21 30 aou

Update 4: As expected from preview update nothing much has happened and we further consolidated as per my projection. The structure of current wave suggest further downside movement and a break below previous Friday low is in the cards for Monday. Be aware of a break below 0.7648 as Elliot Wave suggest this move should develop 3 waves to the downside but so far we only managed to develop wave A from 0.7875 high and wave B as form of consolidation between 0.7700 and 0.7600 support level

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NZD/CHF Can't Escape from Current Range

Daytrader21 Publié 13 avr comme Analyse sur NZD/CHF, Cible: 0.7750, Date: 2 de juin, 12:00 GMT  dans #Technical analysis #NZD #CHF #NZD/CHF #Price Action #Elliot Wave #Range #Momentum #Round Number
NZD/CHF is still stuck in a trading range and as recent price action suggest we can't see an escape from current consolidation not unless we brake lower. However the momentum suggest that we should see a break above current trading range. In Figure 1 is the weekly chart of NZD/CHF which shows 2 clear trading range boxes and based on my own experience usually price is going to retest the resistance of first range box before going lower. Also in the last few weeks we can see how each low of the w…
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4 Commentaires
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Daytrader21 21 avr

Update 1:So far as my prediction said the 0.7500 level has been keeping the market from falling even further. The move towards our 0.7500 level was in a 3 wave move which is corrective and we should see this level hold. We don't have much resistance to the upside not until 0.7700 level so we should see momentum start accelerating. 

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Daytrader21 7 mai

Update 2: So far it seems that the upside momentum is fading away and we need the 0.7500 round number support level to hold for our trade to be still valid. If this is wave 2 than 0.7500 level should hold and we should se momentum to start picking up and develop wave 3.

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Daytrader21 17 mai

Update 3: The momentum has already start picking up as per my last update and although we fade away after we made a new swing high above 0.7730 and we even hit our target at 0.7750 which was actually the high. But this is a good thing as we need for now to establish another base with support at around 0.7600 before another attempt to break higher.

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Daytrader21 24 mai

Update 4:AS expected we're now consolidating around 0.7600 level making the base for another attempt to push higher. The momentum is still in our favor so we should see in coming days another attempt to hit our target at 0.7750

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