{"id":136323,"date":"2018-10-30T11:34:05","date_gmt":"2018-10-30T15:34:05","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=136323"},"modified":"2018-10-30T06:38:17","modified_gmt":"2018-10-30T10:38:17","slug":"nzdchf-long-term-buy-signal","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/nzdchf-long-term-buy-signal\/","title":{"rendered":"NZDCHF: long-term buy signal"},"content":{"rendered":"<div id=\"inves-39892740\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 30, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"https:\/\/alpari.com\/en\/analytics\/analysts\/wisniewski\/\">Tomasz Wisniewski, Alpari<\/a><\/strong><\/p>\n<p><strong>L<\/strong>ast week, we did an analysis of the <a href=\"https:\/\/alpari.com\/en\/analytics\/reviews\/market_sessions\/28760_22102018\/\">AUDCHF<\/a> pair. Now it\u2019s time for its little brother: NZDCHF. The setup we have here is great for long-term investors as it is present on both the H4 and D1 charts. Our outlook on this instrument is positive.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/alpari.com\/data\/media\/cms\/images\/NZDCHFH4.29.10.18_5bd7081c57960.png\" width=\"1916\" height=\"847\" \/><\/p>\n<p>Between August and the middle of October, the pair formed an inverse Head &amp; Shoulders pattern. On the 15<sup>th<\/sup> of October, we got a breakout of the neckline (black), which gave us a buy signal. The NZDCHF pair listened and went higher. The beginning of last week brought us a bearish correction (red lines), which aimed at the neckline to test it as a closest support. The test was positive for buyers and the pair went higher. The correction formed a wedge and the new week has brought us a breakout of the upper line of this pattern, which is a legitimate signal to go long. That is the beauty of price action!<\/p>\n<p>Positive sentiment here remains as long as we are above the yellow horizontal support. That gives us a lot of space for a bearish correction, but in my opinion, after today&#8217;s breakout, the price should mostly aim higher.<\/p>\n<p>Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\">NZDCHF: long-term buy signal<\/a>&#8221;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Tomasz Wisniewski, Alpari Last week, we did an analysis of the AUDCHF pair. Now it\u2019s time for its little brother: NZDCHF. The setup we have here is great for long-term investors as it is present on both the H4 and D1 charts. Our outlook on this instrument is positive. Between August and the middle [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-136323","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=136323"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136323\/revisions"}],"predecessor-version":[{"id":136324,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136323\/revisions\/136324"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=136323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=136323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=136323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}