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Swiss Franc/Euro

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CHFEUR trade ideas

EUR/CHF Leaning in Favour of BullsYear-to-Date (YTD) Outperformance The technical landscape of longer-term flow on the EUR/CHF paints an interesting picture at the moment, poised to end the week higher for an eighth successive weekly session. Interestingly, the currency pair is up +5.4% (YTD), following the record low printed in late 2023 at CHF0.9254. You will also note that price has reclaimed the majority of losses seen in 2023 (the pair has eked out losses for three straight years). Ultimately, thanks to the recent higher low and subsequent higher high, this pair is now in the early stages of an uptrend. Helping to reaffirm the bullish trend, February observed a breach of trendline resistance, a descending line extended from as far back as the CHF1.0938 September 2021 high. USD/CHF buyers also found extra reason to bid the currency pair higher last week after the Swiss National Bank (SNB) stepped up and surprised markets by cutting its overnight Policy Rate by 25bps, bringing the rate to 1.50%. Technicals Suggest Further Upside Ahead Limited resistance is seen overhead until a Fibonacci cluster positioned conveniently around parity (CHF1.0000), giving rise to further buying at current prices. While the near-eight-week advance has largely been one-sided, a correction is still likely to unfold before buyers attempt to find acceptance at higher price levels. This could lead to a rebound off nearby support at CHF0.9672. Overall, this is a market showing promise, with an early uptrend brewing and free of overhead resistance until the CHF1.0000 neighbourhood.
Long
by FPMarkets
EURCHF Wait for the perfect long-term Sell.The EURCHF pair is trading within a Channel Down pattern since the September 26 2023 Low. The current Bullish Leg is approaching the first 1D Golden Cross since February 06 2023, which was formed after the last Lower High on the 1.5 Fibonacci extension. That (Fib 1.5 ext) is the ideal sell entry, which is currently at 0.9900 but the Risk/ Reward Ratio is good enough for a long-term sell even on the current levels. Our Target is the Channel's median at 0.95650, a little over the 0.618 Fibonacci level. ------------------------------------------------------------------------------- ** 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
EUR/CHF LONG from .9724EUR/CHF has found support from the 100 EMA on H1 (at the open last night) and is heading north. The 25 and 50 EMA'son H1 are together and below the price and this will give strength to EUR/CHF BULLS. The 15M Pivot Point Supertrend is BULLISH and the Andean Oscillator has seen the green BUY signal line cross the red SELL earlier this morning and the green BUY and the signal are locked together and rising as the red SELL line flat lines. We have a STOP under the 100 EMA on H1 and a target of WR1 which is 62 pips above the currenct price. There's no scheduled news due until we have the US CB Consumer Confidence at 14:00 so there's nothing to on the horizon that may send the EURO south so I expect to see the price rise steadily on this pair over the next 24 hours.
Long
by forextraplaces
EURCHF DEMAND AND SUPPLY ANALYSIS M30 TIMEFRAMEI spotted a demand zone in EURCHF, suggesting there are potential buy orders yet to be filled. A strong engulfing candle has appeared, indicating a buildup of buy interest. I am now waiting for the price to dip back into this demand zone. Once it does, i will be looking for further confirmation, such as a break of the risk trendline, before i decide to enter a trade, it is important to have these confirmations to support my analysis. Trade safely and happy trading
Long
by Abdoul-Trading-system
EURCHF to reach par?EURCHF is experiencing a significant bullish movement, currently testing the resistance at around 0.9775 after surpassing a minor resistance at 0.97. This bullish move follows the pair's break above a falling trendline that dates back to January 2022 and its break back above the 200 Daily Moving Average, signaling a strong upward momentum. On the weekly chart, EURCHF has reached the 0.618 Fibonacci retracement level, indicating a potential area for a short-term correction before the likelihood of further upward movement. Should EURCHF close above the weekly Ichimoku Cloud (Shaeded area), it could set the stage for a rise to the 0.786 retracement at 0.9917, though a minor pullback might occur in the short term. Both daily and weekly RSIs are reflecting positive sentiment with no divergence, suggesting that higher levels for EUR/CHF could be on the horizon However, if the pair retreats below 0.97, it could negate this bullish outlook Share
Long
by Saxo
EURCHF - Serious Opportunity Setup - Daily Time Frame AnalysisTraders, EUR/CHF presents a compelling opportunity for a potential trend reversal, with recent price action signalling a shift from bearish to bullish sentiment. EUR/CHF has been confined within a bearish channel for the past 405 days, marked by consistent downward movement. However, recent developments suggest a significant shift in market dynamics. The pair has not only reclaimed the last low held 516 days ago but has also broken out of the bear channel, accompanied by bullish price action and the formation of a higher low. Breakout from Bear Channel: After 405 days of downward movement, EUR/CHF has broken out of its bearish channel. This breakout signals a potential reversal of the prevailing trend. Reclamation of Previous Low: The pair has successfully regained the last low recorded 516 days ago. This level, once a resistance, now serves as a critical support zone. Bullish Price Action: Following the breakout, EUR/CHF has exhibited bullish price behavior, indicating increasing buying pressure and potential accumulation by market participants. Formation of Higher Low: The recent pullback has resulted in the formation of a higher low, further supporting the bullish thesis. --------------------------------------------------------------------------------------------------------------------- Entry: Consider entering long positions if EUR/CHF decisively breaks above the resistance zone, signalling a continuation of the bullish momentum. Target: Initial target set at $1.00, with the potential for further upside as the bullish trend unfolds. Stop-Loss: Place a stop-loss just below the all-time low to manage risk effectively. --------------------------------------------------------------------------------------------------------------------- EUR/CHF's breakout from the bear channel, combined with bullish price action and the formation of higher lows, suggests a potential trend reversal. Traders eyeing long positions should wait for confirmation of the breakout and implement risk management measures accordingly. Thank you for reading.
Long
by RazaKhan07
USDCHF: View on daily timeframe, we are neutral. FX:USDCHF last few month price has been bearish all along as CHF remain strongest in the situations where war and other economical conflicts affects in global financial market. We are still not sure about future trend of this pair, as strong bullish price action yet to be seen. However, the big amount of volume was accumulated at lower low of thursday which suggest a possible correction can occur. We would advice you to use smaller timeframe to have a better and safer bias. Good Luck and Trade Safe
by Setupsfx_
15
EURCHF What Next? BUY! My dear subscribers, My technical analysis for EURCHF is below: The price is coiling around a solid key level - 0.9639 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.9650 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1