{"id":12147,"date":"2022-06-20T17:50:24","date_gmt":"2022-06-20T17:50:24","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12147"},"modified":"2023-05-10T17:52:43","modified_gmt":"2023-05-10T17:52:43","slug":"nzdchf-bullish-above-0-6400-but-act-quickly-if-support-breaks","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/06\/20\/nzdchf-bullish-above-0-6400-but-act-quickly-if-support-breaks\/","title":{"rendered":"NZDCHF Bullish above 0.6400 but act quickly if Support breaks"},"content":{"rendered":"

 <\/p>\n

The NZDCHF pair has hit our first macro target as illustrated on the long-term (1W time-frame) analysis posted in May:<\/p>\n

\"NZDCHF<\/a><\/div>\n

Now that the Support has been tested, we see (current chart on the 1D time-frame) a bullish reaction as the price is rebounding today. As long as the correlation with the 2017 fractal continue to hold, we should see a prolonged rebound towards at least the 0.618 Fibonacci retracement level (which is now a little over 0.64000). The 1D RSI is approaching the 30.00 oversold barrier, further enhancing that perspective.<\/p>\n

On the other hand, be quick to cut losses and open a counter sell if a candle closes below the 0.60700 Support, as that would most likely be the start of a long-term selling sequence towards the -0.618 Fibonacci extension (a little over 0.57000).<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/NZDCHF\/n8Pqo8Qm-NZDCHF-Bullish-above-0-6400-but-act-quickly-if-Support-breaks<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  The NZDCHF pair has hit our first macro target as illustrated on the long-term (1W time-frame) analysis posted in May: Now that the Support has been tested, we see (current chart on the 1D time-frame) a bullish reaction as the price is rebounding today. As long as the correlation with the 2017 fractal continue<\/p>\n","protected":false},"author":611,"featured_media":12148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12147"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12147\/revisions"}],"predecessor-version":[{"id":12150,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12147\/revisions\/12150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12148"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}