Trend is your friend follow it , eur chf a good trade if you are trend following person
Technical Analysis: Bias Bearish - The pair has broken below 110-EMA at 1.1741 - Momentum studies bearish, Stochs in oversold territory - MACD supports bias lower - -ve DMI dominance, ADX at 44 and rising - price action has dipped into daily cloud Support levels - 1.17, 1.1678 (23.6% Fib), 1.1643 (200-DMA) Resistance levels - 1.1741 (110-EMA), 1.1788 (5-DMA),...
Pair keeps on breaking down south. Potential to keep on going lower to 1.15. Big boys are approaching this is a risk off safe haven trade. Dump the Euro, Swiss is on the rise
EURCHF is approaching resistance where we can expect a strong drop. Sell below 1.1653. Stop loss 1.1685. Take profit at 1.1583. Reason for the trading strategy (technically): EURCHF is approaching its resistance at 1.1653 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement) and we expect price to drop to its major support at 1.1583 (horizontal...
Starting from mid-April, the common European currency remained stable against the Swiss Franc for several weeks. This lack of direction change swiftly on May 14 when bears pushed the rate 3.07% lower down to the 1.60 mark which was tested at the time of this analysis. This price decline has been bounded in a steep descending channel within a larger-scale pattern....
The MACD settings are 6, 13, closed, 9. The Stochastic RSI settings: LengthRSI 9, LengthStoch 9, SmoothK 6, and SmoothD 6. As we can see, the settings are pinpoint accurate with StochRSI oscillator leading they way and the MACD confirming the trade once the crossover has taken place on the StochRSI. Based on my analysis, it would be a good idea to continue to go...
EURCHF broke out of our short term ascending support line and is approaching our first resistance at 1.1941 (horizontal overlap resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1.1867 (horizontal swing low support, 100% Fibonacci extension). A breakout...
Alright, if you bought this pair from prior lows congrats, as of now, we could see prices shoot down to lows of 1.18600. Of course prices could reverse half way, and take out our current high, but let's just wait and see. We could see prices shoot down lows of 1.18800/1.18600/1.18400. TP: 1.18800/1.18600/1.18400
EURCHF is approaching our first resistance at 1.1955 (horizontal swing high resistance, 78.6% Fibonacci retracement) which coincides with our short term descending resistance line. A strong reaction might occur below this level, pushing price down to our major support at 1.1898 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension)....
Buying low to continue this trend higher Sellers could not beat this price lower than previous support
EURCHF is approaching our first support at 1.1950 (horizontal swing low support, short term ascending support line). A strong bounce might occur above this level, pushing price up to our major resistance at 1.1979 (horizontal swing high resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic is also approaching our major resistance and we...
EURCHF is testing our short term ascending support line and facing bearish pressure from our short term descending resistance line. A breakout below our ascending support line and our first support at 1.1937 (horizontal swing low support, 23.6% Fibonacci retracement) might provide the bearish acceleration to our major support at 1.1889 (horizontal swing pullback...
Price broke the red wedge but needs to escape from the blue triangle to confirm the entry.
EURCHF is approaching our first resistance at 1.1955 (horizontal pullback resistance, 38.2% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1.1925 (horizontal swing low support, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure, in line with our bearish bias....
The Euro has been appreciating against the Swiss Franc in a two-month ascending channel. This has allowed the pair to accelerate from the senior channel near 1.1450 and reach the 1.20 mark - its highest positioning since the peg was lifted in January, 2015. This mark was reached mid-April and the Euro has been since floating slightly below this level. It is...
This pair has finally broken its uptrend. It dropped significantly early in the week but bounced from the 200MAV on H1 and bulls were able to recover. But with poor data from the Eurozone and the ECB staying pat on future monetary policy, the Euro has been sold off across the board. We've now had multiple closes below 200MAV on H1 so it is now safe to short this...
There's a triple top on the 4h candle. On the daily this pair is extremely overbought
There's a double formation on the 4 hour chart. On the daily chart this pair is oversold. Expecting a further down movement. Risk Reward 1.89