Price Alert Nearing Key Buy Zone, Upward Surge To 1 Potentially?We're approaching a pivotal zone on the charts. The price is trending downward, nearing the 0.95 mark. This level marks the beginning of a Weekly BUY/DEMAND zone established in September of last year when prices plummeted to an all-time low of 0.94.
The Daily chart, linked below, shows the price steadily descending towards this key level.
he most likely path now is to look for buying opportunities as price goes down under the 0.95 and towards the all time low @ 0.94.
Ideally, I'd like to see the price decline below 0.95 and then enter an accumulation phase on shorter timeframes. In essence, we want to see sideways price movement during the intraday or daily period, as shown in the chart above.
Should this specific price behavior emerge, it indicates that the most likely direction next is up. In that scenario, I'll initiate a trade based on signals from the TRFX indicator in the 8-hour, 12-hour, or daily timeframe.
A primary target for this position would be around the monthly low from May at 0.968. From there, we might see a reversal pushing the price down towards 0.95, possibly positioning it for a climb to or beyond parity (1). My stop loss is set firmly below the all-time low.
Thanks for reading my analysis. Always happy to share my insights. Happy trading!
Eurchflong
EURCHF - SH + BOS + RTO Pattern ✅Hello traders!
‼️ This is my perspective on EURCHF.
Technical analysis: Here we can see the confirmation of the SH + BOS + RTO Pattern, so I expect bearish price action. Price first stop hunted the liquidity, broke the structure and then returned to bearish order block.
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EURCHF Possible breakoutEUR/CHF has formed an inverse head and shoulders pattern on the 4-hour chart, indicating a potential bullish reversal. The breakout above the pattern's neckline confirms the trend change. Traders should monitor the price closely for sustained upward movement and consider entering long positions with appropriate risk management strategies.
EURCHF Long BullishThe EURCHF long bullish idea is supported by two key technical indicators: DOW breakout and bullish divergence.
DOW Breakout: The EURCHF currency pair has experienced a breakout based on the DOW theory, which suggests that price movements in one market can influence price movements in another market. A breakout in the DOW can potentially impact the EURCHF pair, indicating a shift in momentum in favor of the bulls.
Bullish Divergence: In addition to the DOW breakout, there is a presence of bullish divergence in the price action. This occurs when the price makes lower lows, but the corresponding indicator (such as RSI or MACD) makes higher lows. It indicates that the selling pressure is weakening, and a bullish reversal might be on the horizon.
Combining these two technical signals, traders might consider taking a long position on the EURCHF currency pair, anticipating further upward movement in the exchange rate. However, it is essential to perform further analysis and risk management before executing any trades. Traders should also be aware of potential risks, such as unforeseen market events or changes in economic fundamentals that could impact the currency pair's direction. As with any trading idea, it is crucial to consider your own trading strategy and risk tolerance before making any decisions.
Eur Chf LongA Potential Reversal in a Bearish Trend
Introduction:
The EUR/CHF forex pair has been entrenched in a prolonged bearish trend, with a consistent series of lower highs and lower lows. However, recent price action and technical indicators suggest the possibility of a potential reversal to the upside. This analysis aims to explore the factors that indicate a short-term bullish opportunity within the context of the overall bearish trend.
Reversal Candlestick Patterns:
On the daily chart, we observe the emergence of bullish reversal candlestick patterns, such as a hammer or a morning star, near critical support levels. These patterns indicate that buyers are stepping in to push the price higher, potentially signaling a shift in market sentiment and the beginning of a bullish reversal.
Divergence on Oscillators:
Key technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are displaying bullish divergences. Despite the downward movement of the price, these indicators are forming higher lows, suggesting that the bearish momentum is weakening. This divergence often precedes a potential trend reversal, making it an important signal to watch.
Supportive Price Zones:
EUR/CHF has reached significant support levels that have historically prompted bullish bounces. As the pair nears these levels, traders are likely to show increased interest in buying, creating a temporary demand zone. These support levels add weight to the possibility of a bullish reversal.
Market Sentiment Shift:
Fundamental factors, such as changes in economic conditions or geopolitical developments, can lead to shifts in market sentiment. If recent positive developments have occurred in the Eurozone or uncertainties in Switzerland, it could prompt traders to reconsider their bearish positions on EUR/CHF, leading to a potential shift in favor of the Euro.
Oversold Conditions:
The prolonged bearish trend may have led to oversold conditions on various technical indicators. When a market is oversold, it indicates that selling pressure may have reached an extreme and could pave the way for a bullish reversal.
Conclusion:
Considering the emergence of reversal candlestick patterns, bullish divergences on oscillators, supportive price zones, potential shifts in market sentiment, and oversold conditions, the EUR/CHF forex pair presents a short-term bullish opportunity within the context of the existing bearish trend.
As with any trading opportunity, it is crucial to implement strict risk management strategies, including setting appropriate stop-loss levels. Trading against the dominant trend carries inherent risks, and traders must remain vigilant and ready to adjust their positions if the bearish trend reasserts itself.
EURCHF to find buyers at current range?EURCHF - 24h expiry
Bespoke support is located at 0.9755.
Previous resistance at 0.9755 now becomes support.
0.9750 continues to hold back the bears.
We look to buy dips.
Daily signals are mildly bullish.
We look to Buy at 0.9753 (stop at 0.9729)
Our profit targets will be 0.9813 and 0.9823
Resistance: 0.9795 / 0.9815 / 0.9830
Support: 0.9778 / 0.9765 / 0.9750
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURCHF to find support at previous resistance?EURCHF - 24h expiry
Bespoke support is located at 0.9755.
Previous resistance at 0.9755 now becomes support.
0.9750 continues to hold back the bears.
We look to buy dips.
Daily signals are mildly bullish.
We look to Buy at 0.9754 (stop at 0.9730)
Our profit targets will be 0.9814 and 0.9824
Resistance: 0.9780 / 0.9795 / 0.9815
Support: 0.9765 / 0.9750 / 0.9730
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURCHF to find support at previous resistance?EURCHF - 24h expiry
Our short term bias remains positive.
Previous resistance, now becomes support at 0.9785.
We look to buy dips.
20 4hour EMA is at 0.9776.
There is no clear indication that the upward move is coming to an end.
We look to Buy at 0.9783 (stop at 0.9763)
Our profit targets will be 0.9833 and 0.9843
Resistance: 0.9800 / 0.9820 / 0.9835
Support: 0.9785 / 0.9765 / 0.9755
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURCHFHello guys, it's Rayhan
as you guys can see price made a Tripple bottom last week and broke the Neckline.
currently, price is accumulating around 0.97500 to 0.97800 and it's preparing for another ride.
also 50EMA and 200EMA are crossing each other. they've alreade crossed on H3
Daily Pivot level broked.
So my point of view is Bullish.
EURCHF to find buyers at market?EURCHF - 24h expiry
Our bespoke resistance of 0.9750 has been clearly broken.
Previous resistance at 0.9750 now becomes support.
A lower correction is expected.
We look to buy dips.
Short term bias has turned positive.
We look to Buy at 0.9745 (stop at 0.9725)
Our profit targets will be 0.9795 and 0.9805
Resistance: 0.9770 / 0.9780 / 0.9787
Support: 0.9760 / 0.9750 / 0.9730
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EUR/CHF Finally Closed Above Strong Res, Is It The Time To Buy ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURCHF to stem dip at swing lows?EURCHF - 24h expiry
We are trading at oversold extremes.
0.9680 continues to hold back the bears.
Bespoke support is located at 0.9680.
0.9677 has been pivotal.
Support is located at 0.9680 and should stem dips to this area.
We look to Buy at 0.9681 (stop at 0.9661)
Our profit targets will be 0.9731 and 0.9741
Resistance: 0.9700 / 0.9710 / 0.9725
Support: 0.9690 / 0.9680 / 0.9672
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURCHF Trading Plan - 03/May/2023Hello Traders,
Hope you all are doing good!!
I expect EURCHF to go Up after finishing the correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.