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Eurchfanalysis

Eur-Chf AnalysisIn the last weeks, CHF (Swiss Franc) has been very weak against all the major currencies. Most likely there is more than one reason about it, including the SNB (Swiss National Bank) that has sold Swiss Francs and bought Euros (as it has often done in the last four and a half years). Today I analyse Eur-Chf because it has reached an interesting level. Two aspects are shown in the chart. The first, the price has reached an important area of resistance (1.14700/1.15000) that will hardly break easily. The second, the 1.13600 level (approximately), the price of Eur-Chf on March 7, the day Draghi announced a new TLTRO for September during the ECB meeting. The TLTRO (Targeted Longer-Term Refinancing Operations) that is the loan of money by the ECB to the credit sector (banks) at particularly favourable conditions, lasting four years to alleviate the problems of collection of European banks and support loans to families and businesses. In other words, different names (Quantitative Easing and TLTRO) but the same type of operation (loans non-repayable to banks). Yes, because I strongly doubt that at the end of the four years, the banks will repay the loan. All this translates into greater liquidity on the markets and, therefore, depreciation of the Euro. And if in the short term it is the speculation that moves a currency pair, in the medium-long term they are the fundamentals that decide the right exchange rate. For this, in the coming weeks, we will see a return of Eur-Chf, as the first target, in the 1.12000 area. Then there would be to do a speech about CHF as a safe haven currency in times of crisis, but given the trend of Wall Street and the new highs reached (Nasdaq) or about to be reached (S&P 500), it is still a premature speech. However, selling Eur-Chf to cover the upward investment in equities, balancing the portfolio, could be a wise idea.
Short
by TradingwDavid
2
The #EURCHF is in an excellent potential areaStrong support in the 1.1185 area has already supported the eurchf price twice. It can be seen that every touch of the eurchf in the above support has led to an average price increase of 250 pips. We can see that we have the exact same model in the Stochastic indicator that strengthens us the buying signal. (In the case of breaking the support, of course, the signal will change from a buy signal to a sell signal) Buy EURCHF: Entry Price:1.1245 Stop loss: 1.1170 Take Profit: 1.1370
Long
by xosignals
EUR CHF Analysis: 4 hour Timeframe Bullish Move Not Yet Over..September 10, 2018 to current date presents a sideways market action in the EURCHF, with November 27,2018 to January 24, 2019 forming a bottom reversal pattern known as the inverted Head and shoulders pattern or head and shoulders bottom. Confirmation of the pattern occurred on January 29, 2019 at ~1.13435 and projection of the minimum target for the EURCHF is the distance from the head to neckline projected on top of the 1.13435 price level. Retracement of price action after hitting a price high of 1.14438 on February 05, 2019 is not anticipated to terminate the current trend from January 03, 2019. Potential support level or region for the EURCHF is 1.13435 prior to the resumption of the bullish trend.
Long
by Coin_Analyst
EURCHF (1D): EUR Event PlayEURCHF Timeframe: 1D Direction: Short Confluences for Trade: - Bearish candles formation - Price rejected Resistance Trendline (since May 18) - Horizontal Resistance Trendline (38% Fibo level) strong - Price broke the Short Term Trendline (since Sept 18) - Stochastic Overbought momentum - Fundamentally, Italy supposed to provide EU with a revised budget this coming Tuesday but from the likes of it, unlikely there would be any revision. The continuation of this budget issue will only make Italy's budget deficit worse with the Italian bond yields spiking higher. Suggested Trade: Entry @ Area of Interest 1.1370 - 1.1430 SL: 1.1497 TP: 1.1191 RR: Approx. 2.00 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst