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Eurchfanalysis

Wait for a buy signal with EURCHFH4 time frame. Structure: The downtrend ended when the price broke the Key Level at 1.04600. Currently, the price is moving to retest and there is a possibility of forming a bullish pattern here. Wait for the bullish pattern to appear, then you can look for buying opportunities. Profit target is 1.05600 price zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Long
by tradafx
1
A glance into CHF crosses (The ultimate safe heaven)Hi traders, in this post let's take a look into the CHF crosses which not only I think presents good trading opportunities, but also will give us a " feeling" about the risk in the markets at this moment. EurChf: As you can see in the main chart (weekly) EurChf is in a clear downtrend since the beginning of the 2007-2008 financial crisis and in the past 7 years, the pair has formed a pattern that resembles an H&S. More importantly though is that the pair is trading at this moment exactly in a strong support above 1 very important figure(We don't care about 3% difference looking at a longer TF) Going to daily Here we can see that since March's top above 1.1, the pair has started to drop, and since September, this drop is accelerating, but more importantly, in the past 2 months, EurChf has broken under 3 important daily support levels. The month of December is marked by consolidation with the pair trading in a tight range. However, last week can give us a clue, with the strong selling and reversal before the 1.05 figure. In conclusion, I expect EurChf to continue its descent at the beginning of 2022 and to reach at least parity figure. GbpChf: Similar to EurChf, here also we have a multi-year downtrend, and going to the daily chart, we can see that the pair is accelerating down since late October also here. December, in GbpChf's case, is marked by a flag, which can lead to continuation, and, very important in my opinion, the BoE rate rise did nothing but a spike up, strongly reversed, leaving a Pin Bar on our chart. 1..2150-1.22 is the support zone, and a break here could accelerate losses to the next important support under 1.17. Such a trade would have a 1:3 risk: reward ratio and, in my opinion, GbpChf needs to be on our watch list in the next weeks. AudChf: We can see something similar in AudChf, a pair very sensitive to risk... The pair is accelerating its loss in late October and we have a break under very important 0.67 support, with this break confirmed as genuine last week. The next support for this pair is 0.64 zone, but once this is cleared, AudChf can spiral down to at least 0.6
Short
by Mihai_Iacob
13
EUR/CHF Looking For Longing Opportunity EURCHFEURCHF reached a weekly and monthly major support level and retested the trendline after a strong impulse to the downside without any correction. We can expect growth from here before continuing the move to the downside or break of the bearish movement. The EUR is very weak at the moment as the covid-19 spread over Europe which weakening the euro, but since the new variant arrived the other currencies will be affected by it and it can cause a downtrend of these currencies as well which will cause a short term longing opportunity the EURCHF and other EUR pairs as the EUR is currently overextended to the downside. This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by NCTrading
eurchfEURCHF - Long Why are we entering? - Expecting EUR strength and CHF weakness = EURCHF LONG - Approaching local double bottom - If we dont bounce from here, watch bigger double bottom at 1.05 What is our confirmation? - Bounce off the structure level (either one) Entry No Safe Entry. Risk Entry: Bounce off either double bottom Once entered, where will our Stoploss be? - below the whichever structure level price bounces from Where do we take profits? First TP: 1.07 Second TP: 1.093 Third TP: 1.3
Long
by Elrouby
1
eurchfWhy are we entering? - Approaching major structure level - Anticipating EUR strength and possible CHF weakness = EURCHF LONG What is our confirmation? - Bounce off the structure level - 2H trendline hack (2H EMA is respecting price - will be using that for confirmation) = WFB break Entry SAFE Entry: Bounce off structure and then WFB Risk Entry 1: break of WFB without the bounce Once entered, where will our Stoploss be? - below the major structure level Where do we take profits? First TP: 1.07 Second TP: 1.093 Third TP: 1.3
Long
by Elrouby
2
eurchfWhy are we entering? - Approaching major structure level - Anticipating EUR strength and possible CHF weakness = EURCHF LONG What is our confirmation? - Bounce off the structure level - 2H trendline hack (2H EMA is respecting price - will be using that for confirmation) = WFB break Entry SAFE Entry: Bounce off structure and then WFB Risk Entry 1: break of WFB without the bounce Once entered, where will our Stoploss be? - below the major structure level Where do we take profits? First TP: 1.07 Second TP: 1.093 Third TP: 1.3
Long
by Elrouby