EUR/CHF - short Hi everyone, We have recently crossed below MA 20 on the weekly time frame, which is usually indicative of a bearish influence, and we are currently moving towards the downside below MA's on the monthly TF. A recently formed daily bearish engulfing candlestick closure and the price has made a new 1-hour low. On the 4-hour time frame, there is a possibility of a pullback to re-test the MA 20 level before it continues to trend downward. Keep in mind that tomorrow's Gross Domestic Product report for the EURO will also have a significant impact on the trade as the release of this important economic data could cause significant price movement and volatility.
EURCHF
Take Advantage of Swiss Franc Strength: Sell EUR/CHF NowHey Traders!
EURCHF I believe has a good chance to fall down, the analysis was based on multiple timeframe price actions and the main moving averages.
Example Trade You Can Take:
👉EURCHF @0.9861~ SELL
📍 SL - 0.9941
💰 TP1 - 0.9841
💰 TP2 - 0.9801
💰 TP3 - 0.9701
✅TS ❕ EURCHF: consolidation zone✅✅ EUR CHF has returned to the consolidation zone.
Volatility has decreased.
I expect a rebound after reaching the lower limit of the current zone. ✅
🚀 BUY scenario: long to 0.9884. 🚀
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EURCHF Support Break? 07.02.2023EURCHF price move has formed a rather interesting shape.
There is an important support level as indicated by the blue line that the pair
is trying to break for days.
The arrows show the potential moves and the next support levels that I have identified based
on previous resistance and support levels.
Eurchf shd be still on the downside...
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EURCHF: Falling Megaphone rejected on the 1W MA50. Strong sell.The EURCHF pair is being heavily rejected on the 1W MA50, the 1D time frame has turned bearish (RSI = 42.235, MACD = -0.001, ADX = 20.466) and the target is now the S1 (0.97300). Only crossing above the R1 (1.009500) justifies a buy, in which case the target will be R2 (1.051500).
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EURCHF: Weak Market & Bearish Forecast
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the EURCHF pair price action which suggests a high likelihood of a coming move down.
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EURCAD I Buy from support 100 pips!Welcome back! Let me know your thoughts in the comments!
**EURCAD Analysis - Listen to video!
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EUR/CHF : Volume Profile 📊 and Price Action Analysis 📋On EUR/CHF is nice to see strong sell-off from the price 0.99350 , there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + Strong volume area + Strong S/R zone from the past is my mainly reason for this short trade....
Happy trading
Dale