Get started

Eurchfforecast

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.
Short
by rafi_trader21
1
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.
Long
by darcsherry
2
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.
by TheForexFellows
2
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
Long
by HayatoDragonFX
1
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. ===== TECHNICAL ===== - We are looking to long EURCHF on SMA100 area + RBS level on H1 chart. - EURCHF in bullish zone. ===== RISK TO THIS TRADE ===== - This trade will hit stop loss if USD make a comeback or markets sentiment turns to risk-off mode that will boost CHF performance.
Long
by MonsunAsia
2
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!
Long
by Wevesting
1
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 -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
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. -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
EURCHF H1 SHORT PRICE ACTION FORECAST With the EUR under a bearish tone, this pair is currently showing a nice setup for a short entry. With the exponential moving average sloping and moving below the 200 MA for an evident downward pressure. we can expect a small pullback to the previous support level to enter the market with the following setup The order: Type: sell-limit S/L: 10 pips - R:R | 1:2.5 - T/P: support level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EURCHF GREAT potential tradeWelcome to the EURCHF LONG POTENTIAL TRADE . As we can see in the charts we have a strong support zone here which was previous daily resistance (green) below we have huge monthly support as above in red we have a weekly resistance which willbe our target. According to the impulse move upwards, the .786 fib lines up perfectly with bottom of support so it might hit that area first before going upwards. I will be entering this trade upon break of the falling triangle structure or test of .786 fib for a low risk LONG position, with targets along the way upto the red resisance zone. From a commitment of traders perspective, EUR has been getting stronger while CHF has been weakening hence a huge potential for upside and we see a slowening of the downward action. Hope you guys like the analysis! Your support is highly appreciated, and any feedback is more than welcome (positive or negative)
Long
by Leezz
EURCHF H4 LONG PRICE ACTION FORECAST -UPDATE-EURCHF was able to break the price compression in the descending wedge pattern formation. Breaking the resistance line with the further retest place the pair in a clear bullish bias. MACD under a clear divergence, and signaling a diminished bearish pressure for a long entry The order: Type: buy-limit. S/L: 23 pips - R:R | 1:2 - T/P: target next resistance level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER