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SWISS FRANC / EURO

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CHFEUR trade ideas

Trading Signal: EURCHF MovementAttention Traders, We have identified a new trading opportunity for the EURCHF currency pair. Based on our latest analysis using the EASY Quantum Ai strategy, you should consider the following trade setup: Direction: Sell Enter Price: 0.93315 Take Profit: 0.93114333 Stop Loss: 0.93640333 This recommendation is grounded in several key factors: 1. Technical Indicators: Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) both indicate overbought conditions, suggesting a potential downward correction. 2. Economic Data: Recent economic indicators from the Eurozone, such as weaker-than-expected GDP growth and high inflation rates, negatively impact the euro's strength against the Swiss franc. 3. Market Sentiment: Sentiment analysis tools reveal a bearish outlook among major market participants, reinforcing our sell recommendation. 4. Geopolitical Tensions: Current geopolitical uncertainties in Europe are likely to contribute to increased volatility, favoring the Swiss franc as a safe-haven asset. Ensure to manage your risk appropriately by setting the Stop Loss at 0.93640333 to protect against any unexpected market movements. Happy Trading! Your Quantum Ai Analysis Team
Short
by ForexRobotEasy
0.92 In Focus: Imminent Reversal or New Lows Ahead?Are we about to see a double bottom reversal, or will price break down again? Going back to my idea posted in December 2023 (see related post), we had a great buying opportunity on the dip below 0.94, followed by a strong rally towards parity, falling just 80 pips short. That upward move ended in May, and since then, the price has broken down again, with last month taking out last year's low, hitting a new all-time low at 0.921. So, what’s next? Will the price continue to break down, or are we seeing signs of a double bottom reversal on the weekly charts? Let’s break it down. On the weekly charts, after hitting the new low last month, we saw a strong reaction with a nearly 360-pip rally before the price broke down again. Zooming into the daily charts (image below), it looks like we could see a move back down under 0.93 into the marked buy zone. Looking more closely at the daily chart with the MACD indicator, there are signs of a double bottom pattern forming, along with bullish divergence, signaling a potential buying opportunity on dips below 0.93. Supporting this further, divergence signals are also forming on the 4-hour charts (see image below), with the price slowly grinding down while the MACD moves higher. This is clear evidence that momentum is slowing as we approach a key higher-timeframe area of interest. Given these signals, I expect one final breakdown under 0.93, followed by a strong rally. However, I won’t be blindly entering buy trades here. Instead, I’ll wait for the final push down and look for BUY signals on my TRFX indicator from the 4-hour to daily timeframes, with the strongest signal likely appearing on the daily. If this setup plays out, I fully expect a move back up to test parity, with my first target being last month’s high at 0.958, where we could encounter some resistance. The second target will be the 2024 high at 0.992. For this setup to be invalidated, we would need to see a clear weekly break and close below 0.925. Let me know your thoughts below! :)
Long
by TheFxAce
6
EURCHF Buy Signal For 300 pips profitIn terms of investment considerations, UBS has Changed its stance from its previous guidance of a 0.95-1.0 range for EUR/CHF. The firm now sees the currency pair grinding lower, with resistance expected in the 0.96-0.97 range and support near 0.92. However, if growth in Switzerland weakens more than anticipated, or if the SNB signals its discontent with CHF strength and takes action to weaken it, the EUR/CHF could potentially remain around 0.94-0.97... In the bigger picture, medium term corrective pattern from 0.9407 (2022 low) might have completed with three waves to 0.9928. Decisive break of 0.9252 (2023 low) will confirm long term down trend resumption. On the upside, however, break of 0.9497 minor resistance will turn bias back to the upside for 0.9579, 0.9720 resistance instead. Buying on dip within a range of 100 pips is advised for the target of 0.97 and 0.99....Good Luck
Long
by FOREX-MASTER1
3
EURCHF Will Move Higher! Buy! Please, check our technical outlook for EURCHF. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.936. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.941 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
EURCHF Sell signal on the 1D MA200 rejection.The EURCHF pair gave us a great buy-low-sell-high double trading opportunity last time we gave a call on it (June 28, see chart below) as not only did it initially rise to the 1.236 Fibonacci extension, but straight after it dropped to the 0.618, reaching our 0.95500 Target: The sell-off was in fact that aggressive that it reached as low as the bottom of the 2-year Channel Down, making a new Lower Low. The instant rise and rejection on the 1D MA200 (orange trend-line) confirms bearish extension bias similar to the June 22 2023 rejection. We remain bearish on this pair, targeting 0.926500 and then after a new bounce, make a final sell for a new Lower Low. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1