Eurchfanalysis
EURCHF - BEARISH BIASEUR - BEARISH
1️⃣ ECB President Christine Lagarde told the WSJ that the central bank was ready to unleash further stimulus to support the Eurozone economic recovery, including slashing interest rates deeper into negative territory.
2️⃣ Lagarde also warned that output would not return to pre-pandemic levels until the end of 2022.
CHF - BULLISH
1️⃣ The selling pressure surrounding the greenback at the start of the week seems to be causing CHF to stay in bullish zone.
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TECHNICAL
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- We're looking to short EURCHF on SBR level + SMA100 area + fibo retracement 61.8% level on H1 chart.
- EURCHF in bearish zone.
EURCHF Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of EURCHF (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 41 - 05 Oct
M > Price is at monthly support level with last month closing in a Doji.
W > Price is in consolidation at this level since July 2020.
D > Consolidation of over 100 pips is ideal for intraday trading with two support trend lines.
As per COT EUR saw closure of more Long than Short, reducing net positions; EUR was very weak for the said week. EXY was positive last week though it reached resistance level and dropped. CHF saw closure of Long and addition of few Short positions reducing net positions. SXY was very weak for the said week. SXY was strong last week.
4H > For past 4 weeks price has not been able to reach resistance level and we can see LH with support respected. Enter only for intraday at this moment.
Pair Correlation > EURCHF has positive correlation with AUDCHF and negative correlation with USDCAD on weekly chart.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions.
Thank You
AP17FX
EURCHF SWING LONGEURCHF Finally has broken out of a 2 year descending trend line, which gives us a shift from a selling to buying BIAS, extra confluence is that it has just bounced off a demand zone and has successfully retested it on a 78.6 fib level. I'm already holding BUY Positions and I expect price to rally to my final TP around 1.1000
EURCHF | PERSPECTIVE FOR THE NEW WEEKThe Euro appears to be gaining momentum after such a long time lingering in the background of a Bullish Franc as it begins to find her way a major Demand level. A bullish engulfing candle breaking out of Major Support/Resistance level last week is a sign that supports a Bullish perspective in the coming week(s).
Tendency: Uptrend ( Bullish )
Structure: Breakout | Reversal Structure
Observation: i. Looking forward to an engulfing spring from CHF1.08000 level in the coming week to confirm bias.
Trading plan: BUY confirmation with a minimum potential profit of 100 pips.
Risk/Reward: 1:4
Potential Duration: 1 to 5 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
NirvanaForex
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURCHF NEW ANALYSIS! Hit that like and follow Hello Dear Traders, here is the full UPDATED Analysis / Breakdown for EURCHF.
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EURCHF long trade ideacurrently, we are seeing price respected the trendline resistance, we need to wait for the price to breakout resistance level 1 before placing any buy order. use resistance level 2 or resistance level 3 as the target price.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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GWBFX
EURCHF signal (LONG)Hello friends.
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Everything on the chart.
open pos: market or on pull back,if my markup is right we are start formed wave of 3
targets: 1.0865 - 1.0915 - 1.0970
after first target reached move ur stop to breakeven
stop: 1.0766 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3.5+
Good luck
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EURCHF Inverted Head & Shoulder For long TradeEURCHF has formed an Inverted Head & shoulder Pattern , as shown in chart. The pattern Indicate the possible of upside move in EURCHF. According to chart pattern analysis, we might see upside move in EURCHF towards the resistance 2 . it has already test the support level consider it as strong support, there is higher change of price move for resistance 2 . One can initiate the long side trade with risk management system and stop loss
Thank You
EUR/CHF - ready for another break to the downside?EUR/CHF has been interacting with the descending weekly trend zone for the past six weeks. We have seen no break to the upside from the descending weekly zone which may mean there is a lack in bullish momentum to break through. Since 2018, every ascending or ranging market that has then met the descending weekly trend zone has broken to the downside. We will continue to expect this precedent until we get a clear indication of a break to the upside.
Although last week was relatively bullish, as price did not close above 1.0845 we are still anticipating a bearish turn in the Euro and therefore a break to the downside, however we will be looking for further confirmation of bearish rejection before entering. Once we have a clear sign we will complete a second analysis on this currency pair.
EURCHF, daily timeframe, buy above the kumo cloudHello my friends,
I just got this fresh from the oven of my tradingview forex screener.
This pair has been in consolidation for 6 weeks and yesterday candle finally showing some strength in bulls.
We got all the confirmation needed to take a long position.
1st confirmation is price above the kumo cloud so we only looks to buy.
2nd confirmation is Parabolic SAR finally switched from above the price to below it, indicating buying pressure
Buy EURCHF at 1.0800
Stop loss at 1.0745
Take profit 1 @1.0855
Take profit 2 @1.0910
Use only 1-2% risk
Good Luck
Disclaimer : I am buying this pair from 1.0800
EUR/CHF BUY SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation for you. As always we need to wait for a confirmation!
EUR/CHF: Daytrade-Preparation
Note: Aggressive management as market is still choppy!
Market-Buy: 1,07900
Stop-Loss: 1,07675
Target 1: 1,08135
Target 2: 1,08220
Target 3: 1,08400
Stop-Loss: 22,5 pips
Risk: 0,5% - 1%
Risk-Reward: 2,31
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Peace and good trades
Irasor
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EURCHF - BULLISH BIASEUR - BULLISH
1️⃣ Euro was supported by a stronger-than-expected Eurozone's business survey in August, as well as broad dollar weakness in the aftermath of Federal Reserve Chairman Jerome Powell's speech at Jackson Hole.
2️⃣ The US Fed chief also warned about increasing downward risks to employment and inflation due to the pandemic.
CHF - BEARISH
1️⃣ The global risk sentiment remained well supported by hopes of a potential vaccine and treatment for the COVID-19 virus. This coupled with a positive trade-related development further boosted investors' confidence.
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TECHNICAL
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- We are looking to long EURCHF on SMA100 area + RBS level on H1 chart.
- EURCHF in bullish zone.
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RISK TO THIS TRADE
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- This trade will hit stop loss if USD make a comeback or markets sentiment turns to risk-off mode that will boost CHF performance.
EUR/CHF Technical Analysis
The strength of Swiss Franc bewilders us as it was able to contain the hottest currency like Euro.
Despite EUR/USD & EUR/JPY moving to great heights, it is still in bearish territory and the counter has absorbed intense buying pressure.
Technically, the formation resembles a round top and so a sell-off is on the cards when the Euro corrects against erstwhile currencies.
EURCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX