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Eur-chf

ridethepig | EURCHF Market Commentary 2020.15.01CHF a clear winner in the G10 space has been a finding strong bid via smart money smelling the markets strength of conviction in the SNB ability to intervene decreasing. Positioning is far from stretched, meaning there is plenty of room left on the boat. For those tracking the USDCHF flows 0.970x remains the key level to track: The technical picture is clearer in EURCHF in my books, a clean breakdown in play with eyes on the C leg completing at 1.06xx. I have switched to the sell side after the recent breakdown and actively adding shorts in the 1.08xx handle. The 1.06xx handle will become very attractive for longs next month... good luck all trading the selloff into end of Jan.
Short
by ridethepig
EURCHF: A solid buy setup is about to be valid!The chart pretty much explains exactly what we are preparing to do on EURCHF, go long! But... yeap, we focus on being professional and "following" the markets without making crazy price predictions as we are no guru's or wizards and we surely have no crystal ball to predict the moves. It is our duty and ongoing responsibility to be proactive and reactive at the same time to our charts and follow our basic analysis process of Past, Present, Future. In short... we decide on Monday what we will do, but so far indications are we could be buying this one!
Long
by PrimedGroup
EURCHF 12/21/19 Daily AnalysisEURCHF Short Idea Higher time-frame analysis shows that price action has been very bearish and seems to be continuing the bearish trend on the daily Here we have seen a confirmed rejection of the 38.2% fib level and now lower highs are forming consistently. We are now looking to enter short on this pair as it has dropped out of the pattern and looks to be heading south Ideally a retracement to broken structure and a key lower time frame fib level would make for a great short opportunity
Short
by ForexLeague
EURCHF Daily 12/15/19EURCHF Short Idea This pair is still very bearish on higher time-frames. Price action rejected the daily 38.2% fib level and has been forming lower highs. Last week we saw a surge in volume from the bulls after news followed by quick rejection leaving a giant daily wick, this clearly shows huge bearish volume is present Ideally we would like to see a break and retest of this pattern and the lower trendline before we can target lower Upon a break and retest we will look to target toward the 0% daily fib level which is around 100-110 pips lower If price action continues to push down we are looking to target our major weekly support level around 1.06750 which is about 240-250 pips lower
Short
by ForexLeague
EURCHF 4hour 12/8/18EURCHF Short idea Higher timeframe analysis shows strong bearish movement in this pair as well as good structure formation as price action has rejected the daily 38.2% fib level Taking a closer look on the 4 hour timeframe we have seen higher lowers being broken and lower highs forming which suggests more bearish volume is coming Based on 4hour fibs we’re looking for price action to keep pushing lower from the current level and/or retest the 4hour 38.2% fib level around 1.09640 From this area we’re looking for bearish setups to then target toward the -27.2% fib level around 1.09000 and potentially even lower toward our next major support levels
Short
by ForexLeague
EURCHF DAILY 11/30/19EURCHF LONG IDEA Higher time-frame analysis shows the EURCHF has been majorly bearish but is quite over extended. On the daily timeframe we have seen a bit of a bullish trend and we expect price action to reach the daily 38.2% fib level at least If the 38.2% is broken we’re going to continue with this daily trend and target the monthly resistance, broken structure & 50% fib level around 1.11500 which is about 120+ pips from current price action If we see significant rejection from the 38.2% fib level with strong bearish setups we could see price action push toward the bottom of the current range around 1.08500
Long
by ForexLeague