EURCHF Strong sell opportunityEURCHF got rejected this week not just at the top of the 2023 Channel Down but also on the MA200 (1d).
A candle closing under the MA50 (1d) can be a confirmation for a long term sell opportunity.
Trading Plan:
1. Sell after the price closes a (1d) candle under the MA50.
Targets:
1. 2.000 (Rising Support).
2. 3.000 (Resistance 2).
Tips:
1. The RSI (1d) broke under the MA line and is on a similar Double Top rejection pattern as the March 23rd top.
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Eur-chf
EURCHF to find buyers at current range?EURCHF - 24h expiry
Bespoke support is located at 0.9755.
Previous resistance at 0.9755 now becomes support.
0.9750 continues to hold back the bears.
We look to buy dips.
Daily signals are mildly bullish.
We look to Buy at 0.9753 (stop at 0.9729)
Our profit targets will be 0.9813 and 0.9823
Resistance: 0.9795 / 0.9815 / 0.9830
Support: 0.9778 / 0.9765 / 0.9750
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 to find support at previous resistance?EURCHF - 24h expiry
Bespoke support is located at 0.9755.
Previous resistance at 0.9755 now becomes support.
0.9750 continues to hold back the bears.
We look to buy dips.
Daily signals are mildly bullish.
We look to Buy at 0.9754 (stop at 0.9730)
Our profit targets will be 0.9814 and 0.9824
Resistance: 0.9780 / 0.9795 / 0.9815
Support: 0.9765 / 0.9750 / 0.9730
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.
🔥 NEW: EURCHF 🔥 BIG PICTURE (1M) 🔥-SL @ 1.2066 🚫
SLO2 @ 1.1850 ⏳
SLO1 @ 1.1600 ⏳
TP4 @ 1.1475 (closing ALL Buy Orders)
TP3 @ 1.1033 (shaving 25%)
TP2 @ 1.0755 (shaving 25%)
TP1 @ 1.0333 (shaving 25%)
BLO1 @ 0.9920 ⏳
BLO2 @ 0.9666 ⏳
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EURCHF Selling Opportunity for Next Wave DownThe EURCHF downtrend remains firmly intact, with the support zone successfully transitioning into a robust resistance area. The price action consistently adheres to the downtrend trendline, and today we observe EURCHF retesting this trendline. This presents a compelling opportunity for sellers to enter the market and anticipate the next downward wave.
In the event that the resistance area proves formidable, EURCHF is likely to target the 161.8% Fibonacci support level. However, it is important to note that achieving this target may require several weeks, if not months, to materialize. Patience and careful monitoring of the price action will be key in navigating the ongoing trend in EURCHF.
EURCHF to find support at previous resistance?EURCHF - 24h expiry
Our short term bias remains positive.
Previous resistance, now becomes support at 0.9785.
We look to buy dips.
20 4hour EMA is at 0.9776.
There is no clear indication that the upward move is coming to an end.
We look to Buy at 0.9783 (stop at 0.9763)
Our profit targets will be 0.9833 and 0.9843
Resistance: 0.9800 / 0.9820 / 0.9835
Support: 0.9785 / 0.9765 / 0.9755
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 Potential DownsidesHey Traders, Next week, our focus will be on observing EURCHF for a potential selling opportunity within the range of 0.98500. EURCHF is currently experiencing a downward trend and is presently undergoing a corrective phase. During this phase, it is nearing the significant support and resistance zone located at 0.98500, which serves as a key reference point in the overall trend.
Trade safe, Joe.
EURCHF Sell opportunity inside the Channel DownEURCHF is on its 1day MA50, trading inside a Channel Down pattern.
That is a Lower High with a maximum extension going as high as the 1day MA200.
Sell now and target 0.95500. If you take the additional sell on the 1day MA200, target Support A at 0.964500.
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EURCHF to find buyers at market?EURCHF - 24h expiry
Our bespoke resistance of 0.9750 has been clearly broken.
Previous resistance at 0.9750 now becomes support.
A lower correction is expected.
We look to buy dips.
Short term bias has turned positive.
We look to Buy at 0.9745 (stop at 0.9725)
Our profit targets will be 0.9795 and 0.9805
Resistance: 0.9770 / 0.9780 / 0.9787
Support: 0.9760 / 0.9750 / 0.9730
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 potential bullsih expansionPrice fell rapidly leaving behind a huge imbalance where it preceded to tap into an established demand zone. It then broke structure to the upside on a lt. Thisower timeframe, which could be the start of the move up to fill in the imbalance above. Price also formed liquidity at the to of the main structure which it could potentially target. This has now presented an opportunity to join in on the ride to the upside.
EURCHF to stem dip at swing lows?EURCHF - 24h expiry
We are trading at oversold extremes.
0.9680 continues to hold back the bears.
Bespoke support is located at 0.9680.
0.9677 has been pivotal.
Support is located at 0.9680 and should stem dips to this area.
We look to Buy at 0.9681 (stop at 0.9661)
Our profit targets will be 0.9731 and 0.9741
Resistance: 0.9700 / 0.9710 / 0.9725
Support: 0.9690 / 0.9680 / 0.9672
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 Bearish signal targeting 0.9555.The EURCHF pair is trading within a Channel Up since the March 23 High, below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), which formed a Death Cross a few days ago, the first such bearish pattern since August 02 2021.
The emerging MACD Bearish Cross will be the final confirmation signal ahead of the next downside target, as every Bearish Cross delivered considerable downside after its formation. You can set an immediate target at 0.964500 (Support 1). Our medium-term target is Support 2 at 0.955500.
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EURCHF Potential DownsidesHey Traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.97400 zone, EURCHF is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.97400 support and resistance zone.
Trade safe, Joe.
EURCHF to breakdown at 32-week lows?EURCHF - 24h expiry
Trades at the lowest level in 32 weeks.
There is no clear indication that the downward move is coming to an end.
The previous swing low is located at 0.9677.
A break of the recent low at 0.9674 should result in a further move lower.
We look for losses to be extended today.
We look to Sell a break of 0.9673 (stop at 0.9693
Our profit targets will be 0.9623 and 0.9613
Resistance: 0.9688 / 0.9700 / 0.9720
Support: 0.9674 / 0.9660 / 0.9640
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: Support and Channel Down Bottom. Ideal Buy opportunity.EURCHF is approaching the bottom of the January Channel Down and S1 (0.964500), followng a Death Cross on Friday. The 1D timeframe is technically red heavily (RSI = 33.995, MACD = -0.004, ADX = 37.194) and as the RSI is on a Falling Wedge, an upward break-out is very likely. Consistent with the previous two rebounds inside the Channel Down, we are aiming at a +1.94% rise, towards the Channel's top and the 1D MA200 (TP = 0.982500).
Prior idea:
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EUR/CHF - LONG - ANALYSIS + EXPLANATIONThe "EUR/CHF" has been in a downtrend since March – 2021, and it is obvious that we can expect a trend reversal if necessary.
> The EUR is the base currency of the pair and has suffered greatly from the USD (DXY) appreciation.
> The CHF is generally seen as a security, which is why the EUR is losing out to them.
--> Once the USD (DXY) shows signs of corrective behavior, I personally expect a significant upswing.
= What this upswing might look like, I'll let you know in the following lines.
Table of contents
- 1st part = CURRENT STATE
- 2nd part = TARGET ZONE PROPERTIES
- 3rd part = CONCLUSION
PART ONE
Since the end of July until today, a formation has formed, which is also known as the "Head&Shoulders - pattern".
--> This is formed in the EUR/CHF "OVERCOME", which is usually ended with a "Bullish" breakout.
--> The neckline (breakout line) of the pattern, is located at the resistance line (gold-spiked), which has formed since March / 2020.
Thus, it can be concluded that if the pattern breaks out "successfully", we will also break the resistance line.
After the break of this resistance line, the following sequence of events would be possible:
1. SHORT-TERM TARGET = 1.618 FIB -> 0.98977
2. TEST = of the broken resistance -> conversion into support
3. TARGET = TARGET ZONE 1
SECOND PART
"TARGET ZONES" are drawn on the chart, all of which have "concentrated" resistance characteristics.
1. | TARGET ZONE | 0.99718 - 1.00000 | points
RESISTANCE - CHARACTERISTICS
- "MSB" (Market Structure Break) | March/2022 LL.
- "FIB" (Fibonacci) = 0.328s | Created March/2021 - September/2022
- "POI" (Point of interest) = 1.00000 | Psychologically important resistance level
- "MA" (Simple Moving Average) = 8-long | Monthly chart
- "ICHIMOKU CLOUD" = Conversion line | Weekly chart + Baseline | Monthly chart
- "VP" (Volume Profile) = GAP in the zone | Not much volume traded = little resistance.
2. | TARGET ZONE | 1.00879 - 1.01526 | points
RESISTANCE - CHARACTERISTICS
- "MSB" (market structure break) | HL of April/2022
- "FIB" (Fibonacci) = 0.618s + 0.65s | Created = May/2022 - September/2022
- "FIB" (Fibonacci) = 1.618s | Originated = 02/09/2022 - 26/09/2022
- "POI" (Point of interest) = 1.01000 | Psychologically important resistance
- "MA" (Simple Moving Average) = 50-length | weekly chart + 200-length | daily chart
- "ICHIMOKU CLOUD" = no resistance in the HTF (Higher time frame) time levels T / W / M
- "VP" (Volume Profile) = small volume | not much past traded volume = little resistance to the upside .
3. | TARGET ZONE | 1.02391 - 1.02791 | points
RESISTANCE - CHARACTERISTICS
- "RESISTANCE LINE" | Created September/2021 (4x touches).
- "FIB" (Fibonacci) = 0.75s + 0.786s | Created = May/2022 - September/2022
- "POI" (Point of interest) = 1.02500 | Psychologically important resistance level
- "SUPPLY ZONE" = | Monthly chart
- "ICHIMOKU CLOUD" = Cloud resistance | Weekly chart + Conversion line | Monthly chart
- "VP" (Volume Profile) = Strong Volume | Much Past Traded Volume = Major Resistance.
X. | POI ZONE | 1.03736 - 1.03936 | Points
RESISTANCE - CHARACTERISTICS
- "FIB" (Fibonacci) = 0.88s | Originated = May/2022 - September/2022
- "POI" (Point of interest) = 1,04000 | Psychologically important resistance
- "SUPPLY ZONES" = | Daily + Weekly chart
- "VP" (Volume Profile) = Strongest volume | Highest past traded volume concentration = Very large resistance.
- "MA" (Simple Moving Average) = 50-length | monthly chart.
- "ICHIMOKU CLOUD" = no resistance in HTF (Higher time frame) time levels T / W / M
4th | TARGET ZONE | 1.04839 - 1.05398 | points
RESISTANCE PROPERTIES
- "FIB" (Fibonacci) = 0.618s + 0.65s | Created March/2021 - September/2022
- "POI" (Point of interest) = 1.05000 | Psychologically important resistance level
- "MA" (Simple Moving Average) = 100-length | weekly chart + 50-length | monthly chart
- SUPPLY ZONES" = daily + weekly + monthly chart
- "VP" (Volume Profile) = GAP in the zone | Not much past traded volume = little resistance to the upside.
CONCLUSION
You now know what the scenario for "EUR/CHF" could look like.
The following conditions must be met:
- DXY (USD) starts to CORRECT = pressure way fall for the EUR -> EUR more dominant than CHF
- BREAKOUT of the H&S pattern
-> OVERCOME the resistance line + successful back-test
= transformation into a support line.
- DEVELOPMENT of the individual ZONES and their relevant resistance properties.
PS:
+ I have once taken the liberty to draw a possible "course", so you can see how it could run.
+ Many of the indicators described are not visible in the chart, so that a clear view remains.
-> Feel free to discuss it in the comments and share our perspectives, I'd be "burning" to hear your take on the whole thing.
If this idea and explanation has added value to you, I would be very happy to receive a review of it.
Thank you and happy trading!
For anyone who would still enjoy the other HTF and want to hide all the "noise" - following the weekly and monthly chart.
EURCHF Downside PotentialHey Traders! 👋
For Day 13/100 of our challenge, we will look at EURCHF potential downsides.
- Recently broken 0.972 support
- Made a low at 0.968
- Now retesting 0.972 as resistance
We're looking to:
- Take sell on H4 bearish signals
- To target support at 0.967
That's it for today! See you guys tomorrow 🥂
EURCHF to find resistance at daily EMA?EURCHF - 24h expiry
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
Preferred trade is to sell into rallies.
20 1day EMA is at 0.9788.
We are trading at oversold extremes.
We look to Sell at 0.9788 (stop at 0.9808)
Our profit targets will be 0.9738 and 0.9728
Resistance: 0.9740 / 0.9760 / 0.9775
Support: 0.9725 / 0.9710 / 0.9700
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 - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), we were looking for sell setups as EURCHF has been sitting around the upper brown trendline.
Now EURCHF is approaching the lower bound trendline.
Moreover, the blue zone is a strong support.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. (acting as non-horizontal support)
As per my trading style:
As EURCHF is sitting around the lower the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURCHF Potential DownsidesHey Traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.97500 zone, EURCHF is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.97500 support and resistance zone.
Trade safe, Joe.