EURCHF intraday dips continue to attract buyers.EURCHF - 24h expiry
Setbacks should be limited to yesterday's low.
Our short term bias remains positive.
The bullish engulfing candle on the 4 hour chart the positive for sentiment.
The dip was bought into but, the rally has also stalled.
We look to buy dips.
50 4hour EMA is at 0.9583.
We look to Buy at 0.9583 (stop at 0.9561)
Our profit targets will be 0.9638 and 0.9648
Resistance: 0.9600 / 0.9620 / 0.9632
Support: 0.9575 / 0.9560 / 0.9545
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
EURCHF - Bearish price action ✅Hello traders!
‼️ This is my perspective on EURCHF.
Technical analysis: Here we are in a bearish market structure from daily perspective, so I look for a short. I expect bearish price action from here as price filled the imbalance and mitigated bearish order block. My target is the imbalance lower around 0.94500.
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EUR/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
EUR-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.947 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/CHF pair.
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EURCHF intraday dips continue to attract buyers.EURCHF - 24h expiry
Our short term bias remains positive.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
20 4hour EMA is at 0.9588.
The sequence for trading is higher highs and lows.
Risk/Reward would be poor to call a buy from current levels.
We look to Buy at 0.9589 (stop at 0.9567)
Our profit targets will be 0.9644 and 0.9654
Resistance: 0.9622 / 0.9635 / 0.9650
Support: 0.9579 / 0.9565 / 0.9550
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 Move From Key Level 🇪🇺🇨🇭
EURCHF reached a key daily horizontal resistance.
The pair looks overbought and as a confirmation of that I spotted
a double top formation on an hourly time frame.
I shorted the pair on a retest of a broken neckline.
Target - 0.958
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EURCHF - 4hrs ( Buy Trade Target Range 120 PIP ) 💵Pair Name EUR/CHF
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Long ) Mid Term
Type : Mid Term Swing
——————————
Bullish Break
0.95000 Area
Reasons
- Major Turn level / M
- FIxed Range Poc Area
- inner Pattern Break
- inner Choch Break
- De - Value Break Out
Bearish Reversal
0.96300 Area
Reasons
- Major Turn level / D
- Pattern Target
- FiBo Golden
- Poc Area
- Quarter's Zone
Swiss Franc Weakens after Inflation NewsSwiss Franc Weakens after Inflation News
Inflation in the country fell in February to its lowest level in nearly two-and-a-half years, data from Switzerland's Federal Statistical Office showed on Monday. Although consumer prices rose 1.2% compared to a year earlier, there is reason to believe that inflation is slowing down compared to the 1.3% recorded a month earlier.
Reuters writes that the Swiss National Bank has kept inflation rates within the target range since May 2023, despite rising rents, sales taxes and energy prices. And the latest news makes it more likely that the SNB will cut rates at its next meeting, scheduled for March 21.
Thus, market participants can expect a looser policy and an affordable franc — which is why the CHF has weakened against a number of currencies. For example, the EUR/CHF rate has reached its highest level since November 2023.
Wherein:
→ the price has broken through the downward channel (shown in red), which has been in effect since last summer — it seems that it is already losing relevance;
→ since the beginning of the year, the rate has already increased by more than 3.5%, which allows us to outline trend lines (shown in blue);
→ levels 0.94730 and 0.95580 changed their behaviour from resistance to support;
→ daily RSI indicates that after strong growth, the market is in the overbought zone, which creates the preconditions for the formation of a correction.
If the growth continues, an important test of the seriousness of the bulls’ intentions may be the level of 0.96800 – near which important reversals in the EUR/CHF price were previously formed.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
EURCHF Will Go Lower! Short!
Please, check our technical outlook for EURCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.953.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.950 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EURCHF,🔴Sell opportunity🔴(Details on caption)Well, as you can see the price grabbed the liquidity above the previous day's high and shifted the market structure.
We can enter the sell position only with the LTF confirmation in the supply zone.
If you have questions, feel free to ask.
💡Wait for the update!
🗓️28/02/2024
🔎 DYOR
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EUR/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are now examining the EUR/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.947 level.
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EURCHF: Bearish Forecast & Bearish Scenario
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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EURCHF Will Go Lower! Sell!
Take a look at our analysis for EURCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.952.
The above observations make me that the market will inevitably achieve 0.950 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURCHF Analysis (➡️RR=2.05)🏃♂️ EURCHF is moving in the 🔴 Resistance zone(0.970 CHF_0.940 CHF) 🔴, 🟡 Potential Reversal Zone(PRZ) 🟡, 🟡 Time Reversal Zone(TRZ) 🟡and near the Resistance line and Upper line of Ascending Channel .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect EURCHF to start going down at least to the 🎯 Target 🎯 I have marked on the chart.
Euro/Swiss Franc Analyze (EURCHF), 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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EURCHF, Buy opportunity...As you can see the price grabbed the previous day's low liquidity and had a bullish reaction.
So we can expect the price to go for a higher target.
Please pay attention: we need LTF confirmation for entry.
💡Wait for the update!
🗓️21/02/2024
🔎 DYOR
💌It is my honor to share your comments with me💌