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Eurchfshort

EURCHF to stall at EURCHF - Intraday There is no clear indication that the downward move is coming to an end. Broken out of the channel formation to the downside. Rallies should be capped by yesterday's high. 50 4-hour EMA is at 0.9661. Preferred trade is to sell into rallies. We look to Sell at 0.9659 (stop at 0.9685) Our profit targets will be 0.9599 and 0.9589 Resistance: 0.9625 / 0.9650 / 0.9670 Support: 0.9603 / 0.9580 / 0.9560 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.
Short
by OANDA
EURCHF - EUR Losing It's Strength?Analysis: As we can see from price action we're in a longer term downwards trend, as shown by the downwards trendline and in recent times we've also been trending to the downside so only shorts look good to us as we want to be going with the trend rather then fighting against it. At this area we've got a major level which has held as both support and resistance in the past and we expect that it will hold again now. To add more confluence to this setup at our area we also have both the 50% fib retracement level and the 61.8% fib retracement level which both could act as levels of resistance as we expect that sellers will be sat at both of these levels. We're also in what's often called the "golden zone" which is the area between the 50% and 61.8% so this is looking like a nice place to enter from. Another confluence we have to enter at this level is the longer term downwards trendline which is clearly visible. Its been respected multiple times in the past and every time this trendline has been touched we've seen a big drop in price so we expect that this will happen again if we get a touch of the trendline, so this goes in our favour. Now fundamentally the EUR is the strongest major currency compared to the CHF which is the 5th strongest major currency. Whilst this doesn't go in our favour this isn't the full picture. As of the most recent report we saw an increase of about the same for long and short positions on the CHF. This isn't a positive but this also isn't a negative, it's just neutral whereas for the EUR we saw a big decrease in long positions and an increase in short positions so this isn't looking good for the EUR and this could be early signs that the EUR is starting to lose some of its strength. This is why currently when comparing the EUR to the CHF fundamentally we actually prefer being bullish on the CHF, giving us our bearish bias for this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Short
by jpeacockfx
14
EURCHF to breakdown at 32-week lows?EURCHF - 24h expiry Trades at the lowest level in 32 weeks. There is no clear indication that the downward move is coming to an end. The previous swing low is located at 0.9677. A break of the recent low at 0.9674 should result in a further move lower. We look for losses to be extended today. We look to Sell a break of 0.9673 (stop at 0.9693 Our profit targets will be 0.9623 and 0.9613 Resistance: 0.9688 / 0.9700 / 0.9720 Support: 0.9674 / 0.9660 / 0.9640 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.
Short
by OANDA
My EURCHF short setup - 100 pips profitHow I took this trade I found this setup while strolling on the EURCHF chart. I saw it was consolidating between 0.97600 (resistance) and 0.97230 (support). Based on this, I drew a consolidation zone and waited for a fakeout, which happened before the market closed on Friday. It had a little fakeout of around 1-2 candlesticks on the 1H chart. From this little fakeout, it moved back to the zone, touched it, and then a bearish trend continued, as the fakeout suggested. When I entered and exited my position I entered my position when I saw that the bearish trend continued after it retraced to the zone. From there on, I held it till 0.97099, sold 50% of my position, and then sold the other 50% at 0.97074. Question for the readers: how can I hold this trade longer (see where it went), and where do I take my profit? Jasper
Short
by JBod03
EURCHF to find resistance at daily EMA?EURCHF - 24h expiry Daily signals are bearish. There is no clear indication that the downward move is coming to an end. Preferred trade is to sell into rallies. 20 1day EMA is at 0.9788. We are trading at oversold extremes. We look to Sell at 0.9788 (stop at 0.9808) Our profit targets will be 0.9738 and 0.9728 Resistance: 0.9740 / 0.9760 / 0.9775 Support: 0.9725 / 0.9710 / 0.9700 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.
Short
by OANDA
EURCHF - Bearish Trend - Short Based on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. I recommend taking a short trade with a risk/reward ratio of 1:1. Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Short
by mansooryousafzai
EURCHF bias remains negative.EURCHF - 24h expiry - We look to Sell at 0.9833 (stop at 0.9863) Our short-term bias remains negative. Intraday rallies continue to attract sellers and there is no clear indication that this trading sequence is ending. 50 4-hour EMA is at 0.9834. The preferred trade is to sell into rallies. We look for a temporary move higher. Our profit targets will be 0.9763 and 0.9753 Resistance: 0.9795 / 0.9820 / 0.9840 Support: 0.9790 / 0.9775 / 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.
Short
by OANDA
EURCHF Technical Analysis and Trade IdeaThis video offers a comprehensive analysis of the EURCHF, concentrating on its recent trading patterns. It's worth noting that a significant resistance level has been reached, and a price gap exists below it. Bigger players may look to attack sell-side liquidity resting under in the form of stop losses. The video delves into various topics such as trend analysis, price action, market structure, and price gaps. Furthermore, it briefly mentions a potential trade opportunity.
Short
by fxtraderanthony
EURCHF bias remains negative.EURCHF - 24h expiry - We look to Sell at 0.9856 (stop at 0.9886) Broken out of the channel formation to the downside. Previous support at 0.9860 now becomes resistance. Our short term bias remains negative. Daily signals are mildly bearish. Preferred trade is to sell into rallies. Our profit targets will be 0.9786 and 0.9776 Resistance: 0.9830 / 0.9845 / 0.9860 Support: 0.9820 / 0.9800 / 0.9780 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.
Short
by OANDA
20 Reasons for sell EURCHF🔆 MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW ☀️ ✨ Eagle Eye: Looking at the 50-year historical trend, we observe a continuously low and extremely bearish pattern. 📆 Monthly: Price has recently tapped the monthly FVG and has started a new bearish move. 📅 Weekly: The weekly internal structure BOS suggests another strong bearish impulsive move. 🕛 Daily: A clean bearish formation has formed, and we need to seek short sell entries to participate in a long bearish run. 😇 7 Dimension Analysis 🟢 Analysis Time Frame: Daily 1 Price Structure: Bearish 2 Pattern Candle Chart: Double top with internal BOS 3 Volume: The volume behavior is unusual. We need to wait for the breakout to confirm the market sentiment. 4 Momentum UNCONVENTIONAL RSI: Sideways momentum is observed at this point. 5 Volatility measure Bollinger bands: Double top formation is evident. 6 Strength ADX: The bearish DMI is currently in strength. 7 Sentiment ROC: CHF is stronger than EUR currently. ✔️ Entry Time Frame: H4 12. Entry TF Structure: Bearish Entry Move: Impulsive Support Resistance Base: Support breakout is necessary for entry. FIB: Support breakout is required. ☑️ Final Comments: We should sell at the breakout. Once the price gives a closing signal below the support level, we can enter a short sell position. 16. 💡Decision: Sell 🚀 Entry: 0.9845 ✋ Stop Loss: 0.9892 🎯 Take Profit: 0.9760 😊 Risk to Reward Ratio: 1:2 🕛 Expected Duration: 5 days
Short
by Optimum369