from my point of view i see that we have reached the s/d zone and price is forming a support zone with several penetration and break attempts. I will wait for this support to break before entering a short position. Alternative for this short is a break through the "2015drop zone" and a long trade after a close above. Epic chart with simple view ;-)
Pair keeps showing strength, moving on up to resistance of 1.2 when Swiss Franc previously had their currency pegged
EUR/CHF had been trading in a medium-term ascending wedge since late January prior to breaching this pattern to the upside last week. However, the pair has failed to accelerate from this pattern and thus has been moving sideways with a slight upward trend ever since. This breakout could guide the Euro higher during the following weeks towards a long-term...
Echf looks like it will probably chop down to test and then do one more up. See if you can catch the buy set up. It looks to me like it needs to at least make a larger ending diagonal, but can go up a lot more if it wants to.
The EUR/CHF pair remains inside a daily upwards channel, but it reaching a major resistance as shown on the chart. Breaking this resistance would send the pair to the highest price since January 2015, when the Swiss National Bank unpegged the 1.20 EUR/CHF peg. I expect the pair to retest the lower channel line again before reattempting to break the price level of...
ENTRY: 1.1811// SL: 1.18262// TP: 1.17741
ENTRY: 1.1763// SL: 1.1790// TP: 1.1686
ENTRY SETUP: 1.17317// SL: 1.17087// 1.1769
Midterm forecast: .While the price is below the resistance 1.18350, beginning of downtrend is expected. .If the resistance at 1.18350 is broken, the short-term forecast -beginning of downtrend- will be invalid. Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (1.1800 to 1.1833), if so , we would set orders based on...
EURCHF has bounced off its major resistance at 1.1567 (61.8%, Fibonacci extension , horizontal swing high resistance). A strong reaction could occur at this level, pushing price down to the next support level at 1.1483 (76.4% Fibonacci retracement , horizontal swing low support, 100% Fibonacci extension ). Stochastic (55,5,3) is approaching major resistance at...
Echflooks like it will continue to make further correction upward. It has a bearish classic bat pattern on 4 hr right now. Be nice to catch it off a flag or a pull back. It is in a downtrend, but we look to be in correction of a 5 wave which I would expect a larger move up.
EURCHF is approaching major resistance at 1.1560 (Fibonacci retracement, horizontal pullback resistance, descending resistance) and a strong reaction could occur at this level to push price down towards 1.1455 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 96% where a corresponding reaction could...
EURCHF is approaching strong support at 1.1521 (Elliott wave structure, Fibonacci extension) and what could happen is that it takes out the stop losses below our wave 3 with a wave 5 movement. This would then lead to a potential bounce up to 1.1639 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support...
EURCHF LONG UP The EURCHF goes up to 1.20000 This is Mr. Ahmadi's analysis
Speculations from last year December went in favour if shorting this pair. As a swing trader, I support this. Though this pair doesn't boast "strong sell" as early Jan, you can still hit the 1st TP. As you can see, it is almost done with the first mark of a corrective wave. Swingers will want to hold this for about 6 hours if you're not too confident about the...