Eurchfforecast
EURCHF | PERSPECTIVE FOR THE NEW WEEKRisks remain asymmetric longer term as the SNB holds the downside in check and a possible global recovery in 2021 may bring some relief to the EURCHF but in the meantime, it is evident that the Bullish momentum finally begins to make a statement in the market. I shall be looking out for a "quick" temporary counter-trend opportunity on this pair in the coming week in anticipation of a Bullish continuation. This bias is a result of the Bearish engulfing candle on Friday which broke down key level @ 1.07780 which also signifies a correction phase following the Bullish engulfing run on the 9th of Nov. 2020.
Tendency: Temporary Downtrend ( Bearish )
Structure: Breakdown | Pennant | Supply & Demand
Observation: i. Price moves upward with pivot highs and lows converging toward a single point giving the appearance of a Pennant pattern.
ii. Breakdown of this pattern suggests a possible Reversal which could be the correction phase of the Bullish Impulse leg on the 9th of Nov. 2020.
iii. Taking advantage of this setup might require patience for a correction/retest of Trendline or Key level @ 1.07780.
iv. I anticipate a target extension within a minimum of 50 - 61.8% retracement which might as well extend to a 78.6% depending on market condition(s).
Trading plan: SELL confirmation with a minimum potential profit of 60 pips.
Risk/Reward: 1:3.5
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.
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.
EUR/CHF Technical Analysis
The counter has formed a dragon pattern.
In a downtrend, it made a 38% retracement from the low and then rendered a false breakout.
Further, it is on the verge of breaking out the trendline (a break validates it).
Hence, we advise traders to be long in the counter once it crosses 1.730.
📢EUR/CHF Short 😎If you have followed my previous post of this pair I said we only want to short this pair on the larger timeframes. We have another opportunity to go short now, it looks like we have broken below the wedge so I'll be waiting for confirmation to go short. With Europe going into lockdown I'd say it will continue push hard towards target area 1.06100 - 1.0600. If you like the Analysis feel free to drop a like and leave comment and follow, we are grateful for all the love out there and we will share the love back 🤍
EUR/CHF BUY SIGNALHey tradomaniacs,
welcome to a new free trading-setup.
EUR/CHF: Daytrade-Execution
Market-Buy-Order: 1,07270
Stop-Loss: 1,07060
Target 1: 1,07485
Target 2: 1,07610
Target 3: 1,07790
Target for One-Target-Trader: 1,07610
Stop-Loss: 21 pips
Risk: 0,5% - 1%
Risk-Reward: 2,44
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EURCHF LONG in the short termEURCHF is position at price @ 1.0736 for a bull run . This is a short term analysis.
Overall, we should expect a pullback of price around @ 1.0742 and 1.0747 and if the price closes below @ 1.0747 then our move will be short to the downside with target price @ 1.0684 and @ 1.0676
I am bullish until the price reaches @ 1.0742
Good Luck Traders.
Eurchf short opportunity Eurchf was on a channel for a while. The market has recently broken the channel and we can expect a big move to the downside. Right now the market is extended to the downside so not a good opportunity for short. Waiting for the market to go test at least 0.38 or possibly 0.5 or maybe even 0.618 fibo retracements on daily chart and sell from there or the market can also continue to the downside without a retracement but a retracement will be best. look at 4H for an entry. Take profit will be 1.06300.
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.
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
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 / SHORT IDEAOn this chart we see price has retested a bearish trendline on the weekly chart several times
I see divergence on the daily chart and the 4H which indicates that price could reverse of of this level again and head lower
We will wait for support to be broken and the trendline to be retested before entry
We will be selling to the second support level which is marked on the chart
EURCHF CORRECTING FOR MORE UPSIDE?!**ENG**
- Price breaking and retesting our ex-resistance zone/38,6% FIB level, if price closes above this same level with a big candle leg, we could see the bullish move starting.
- Right now we are only looking, wait for a candle pattern to confirm the entry.
**PT**
- Preço a quebrar e a efetuar o retest na nossa ex zona de resistência / 38,6% nível do FIB, se o preço quebrar acima deste mesmo nível com uma perna longa, poderemos ver então a continuação do nosso movimento bullish.
- Neste momento estamos apenas à procura de longs, um padrão de candle (morning star, bullish engulfing, etc), será o suficiente para efetuar uma entrada!
EURCHF H4 LONG PRICE ACTION FORECAST After the breakout of the descending wedge pattern, an incredible rally has been experienced by this pair. With explicit overextended price action and the most recent candle under the H4 timeframe signaling some exhaustion, a healthy correction should come into play.
A correction to the FIB level for a new bullish impulse allows the following setup.
The order:
Type: buy-limit
S/L: 30 pips - R:R | 1:3 -
T/P: aiming towards the descending trendline from D1
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EURCHF H4 LONG PRICE ACTION FORECAST After the descending wedge pattern breakout, we could expect the retest of the descending trendline from the pattern for an uptrend continuation. The price structure allows the setup of a long entry with an excellent R:R.
The price action has got rejected from a strong support level from the weekly realm, allowing the confirmation of an uptrend momentum.
The order:
Type: sell-limit
S/L: 26 pips - R:R | 1:2 -
T/P: aiming towards a support trendline.
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