Eur-chf
Intraday rallies continue to attract sellers in EURCHFEURCHF - Intraday - We look to Sell at 0.9882 (stop at 0.9903)
Bespoke resistance is located at 0.9880. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Preferred trade is to sell into rallies. Our short term bias remains negative.
Our profit targets will be 0.9828 and 0.9818
Resistance: 0.9860 / 0.9880 / 0.9910
Support: 0.9850 / 0.9830 / 0.9800
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Our short term bias remains negative on EURCHFEURCHF - Intraday - We look to Sell at 0.9943 (stop at 0.9964)
Our short term bias remains negative. There is no clear indication that the downward move is coming to an end. 0.9945 has been pivotal. Previous support at 0.9945 now becomes resistance.
Our profit targets will be 0.9888 and 0.9878
Resistance: 0.9900 / 0.9920 / 0.9945
Support: 0.9870 / 0.9850 / 0.9830
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
EURCHF - Channel Bounce! 🚀Having revisited EURCHF, we can see that there's a really clear channel at play. We can take advantage of this by trading within the channel parameters.
There's EUR news tomorrow that may help move EURCHF back up to the highs of the channel.
Trade Idea:
- Watch for break of the descending red trendline for confirmation
- Once entered, SL below the lows (below channel)
- Targets: 1.02 (300pips), 1.045 (580pips)
Goodluck and as always, trade safe!
EURCHF Buy opportunity on an RSI Double BottomThe EURCHF pair has been on a strong sell sequence since the June 09 High, which in fact was a Double Top with the May 10 High. The strength of the sell-off is similar to the Feb 07 - March 07 sequence. Interestingly enough, today's low makes an ideal Lower Low if the pattern in the making is a Channel Down.
With the 1D RSI making a short-term Double Bottom, this is technically the ideal spot for a medium-term buy targeting the 1D MA50 (blue trend-line). If we close below the Lower Lows, be ready to limit the loss and gain exposure again on the dashed trend-line.
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EURCHF Sell the previous support.EURCHF - Intraday - We look to Sell at 1.0049 (stop at 1.0072)
The weaker Euro has boosted performance.
There is no clear indication that the downward move is coming to an end.
20 4hour EMA is at 1.0043.
Previous support at 1.0050 now becomes resistance.
Our profit targets will be 0.9992 and 0.9982
Resistance: 0.9980 / 1.0000 / 1.0050
Support: 0.9960 / 0.9930 / 0.9900
EURCHF Sell a break setup.EURCHF - Intraday - We look to Sell a break of 1.0397 (stop at 1.0421)
We are trading at overbought levels.
The medium term bias remains bearish.
A higher correction is expected.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 1.0342 and 1.0332
Resistance: 1.0420 / 1.0440 / 1.0460
Support: 1.0400 / 1.0380 / 1.0360
EURCHF: Key Levels to Watch This Week 🇪🇺🇨🇭
Hey traders,
Here is my latest structure analysis for EURCHF pair.
Resistance 1: 1.0188 - 1.026 area
Resistance 2: 1.0477 - 1.0515 area
Support 1: 1.0088 - 1.01 area
Support 2: 0.997 - 1.003 area
Consider these structure for pullback/breakout trading.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
EURCHF - Catch Wave 3! 🚀EURCHF is currently in wave 2, which is an ABC wave.
Waves A and B were simple enough but wave C was a different story! A really complex flat correction. We have however come to the completion zone for the correction which is the structure level at 1.0088. We're anticipating wave 3 soon, which is often the biggest wave!
Trade Idea:
- Watch for price to come down to the structure level
- Watch for a bounce before entering
- Stops below the structure level
- Targets: 1.05 (400pips), 1.07 (615pips), 1.085 (750pips)
As always, goodluck and trade safe!
EURCHF a turn at the 0.5 Fib 🦐EURCHF on the 4h chart after the test of the 1.05 level retraced at the 0.5 Fibonacci level.
The market, after a few tests of the support area can start a new impulse and is now trading above a weekly resistance.
How can I approach this scenario?
I will wait for the EU market open and check for a possible break above to set a nice long order according to the Plancton's academy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURCHF, H4 Potential bullish continuationOn the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise to our take profit at 1.04915 where the swing high resistance is from our buy entry at 1.03358 where the overlap support, 61.8% fibonacci retracement and 61.8% fibonacci projection are. Alternatively, price may break entry structure and head to our stop loss at 1.02431 where the swing low support and 100% fibonacci projection are.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURCHF a turn at the 0.618 Fib 🦐EURCHF on the daily chart after the test of the 1.05 level retraced at the 0.618 Fibonacci level.
The market, after a few tests of the level started a new impulse and is now trading below a weekly resistance.
How can I approach this scenario?
I will wait for the EU market open and check for a possible break above.
After that, I will move to the 4h chart to set a nice long order according to the Plancton's academy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURCHF Sell a range resistance.EURCHF - Intraday - We look to Sell at 1.0327 (stop at 1.0351)
Daily signals are mildly bearish.
Price action continued to range between key support & resistance (1.0250 - 1.0330) although we expect a break of this range soon.
The bias is to break to the downside.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.0330, resulting in improved risk/reward.
Our profit targets will be 1.0271 and 1.0261
Resistance: 1.0280 / 1.0300 / 1.0330
Support: 1.0260 / 1.0250 / 1.0230
EURCHF Medium-term Channel Up.The EURCHF pair has been following the pattern published 2 months ago and has entered into a medium-term Channel Up, while still trading within a multi-year Channel Down:
Right now the price is near the Higher Lows (bottom) trend-line of the Channel Up, rendering it an automatic buy on low risk towards the 1D MA200 (orange trend-line) and if a candle closes above, then extension to the long-term Lower Highs trend-line (around 1.0600).
If the price breaks below the Channel Up but as long as the 1.00920 Support holds, we should turn neutral until the 1D MA50 (blue trend-line) and the 1D MA200 break. A candle closing below the Support, will more likely restore the long-term Bearish sentiment.
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EURCHF Sell the rising wedge.EURCHF - Intraday - We look to Sell a break of 1.0269 (stop at 1.0291)
Short term momentum is bearish.
Daily signals are bearish.
Price action has formed a bearish ending wedge formation.
The bias is to break to the downside.
Our profit targets will be 1.0215 and 1.0205
Resistance: 1.0310 / 1.0330 / 1.0350
Support: 1.0290 / 1.0270 / 1.0250
⁉️ EURCHF Weekly Analysis From my point of view I think EURCHF made a reversal and started to form higher highs and lower highs, so I expect the price to go lower a little bit to take liquidity brlow PWL (previous weekly low) and to reject from bullish orderblock around price level 1.02000 to start new expansion.
❗We can see how the price made an aggressive retracement this is due to the fact that Thomas Jordan, Swiss National Bank Chairman said that SNB is ready to intervene in the currency market and act if inflation strengthens, this is a hawkish affirmation, it means bullish CHF.
EURCHF BEARISH PATTERNHawkish commentaries from ECB continue to devalue the European common currency, which provides a little support for the EUR.
On the opposite attitude is SNB, which would prefer more stable and stronger CHF.
EURCHF broke the support of the bearish flag formation, which might indicate a continuation of the bearish movement for the instrument. If this scenario plays out the CHF might attack a parity with EUR. If opposite scenario plays out, the pair might try to test the resistance of the flag pattern at 1.057
Both MACD and RSI indicators are confirming the bearish trend.
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