EURCHF Will Go Higher! Long!
Here is our detailed technical review for EURCHF.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 0.948.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.953 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EURCHF trade ideas
EURCHF A Trade not to Ignore....OANDA:EURCHF fall from 0.9772 extended itself to 0.9519 previous week but then recovered partially. Initial bias is turned neutral this week for consolidations first. Further decline is expected as long as 0.9641 resistance holds. Below 0.9519 will bring retest of 0.9476. An easy and smooth break will open a way of fall from 0.9772 to 0.9450, 0.9350, 0.9250 and 0.9050.
Selling OANDA:EURCHF is advised.....upon every rise to 0.9300..GOOD LUCK
EURCHF – looking heavy … the week of 29 July, 2024First of all, if you expect that every trade will be a winner, please move on. Don’t even bother to read this analysis.
We have a bearish move that began at the end of May that retraced about 62%. This was followed by another leg down that is currently retracing. I am bearish on this pair and hopefully, we will see a decent move up that gives us a better price to short (& a more reasonable stop loss). I have an initial target at 0.9487 region with the possibility of a 2nd target much lower. If price moved lower without retracing, I will not trade this pair. If price continues to move in a bullish manner, that will negate my analysis.
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
EUR_CHF SUPPORT AHEAD|LONG|
✅EUR_CHF will be retesting a support level soon at 0.9471
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
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EUR/CHF BEST PLACE TO BUY FROM|LONG
Hello, Friends!
EUR/CHF pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 2H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.957 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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Too Expensive Franc And Good News for EuroFundamentals & Sentiment
EUR:
- EZ GDP and DE CPI up
Cons: no immediate reaction from euro
CHF:
- The area of SNB being interested in intervention to weaken franc.
- GS forecast a weaker franc
Technical & Other
Setup: S(RTF)
Setup timeframe: 1h
Trigger: 1h
Medium-term: Down
Long-term: Down
Min target: local highs
Risk: 0.15%
EURCHF Sellers In Panic! BUY!
My dear friends,
EURCHF looks like it will make a good move, and here are the details:
The market is trading on 0.9568 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.9618
Recommended Stop Loss - 0.9540
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EURCHF Will Go Higher From Support! Buy!
Please, check our technical outlook for EURCHF.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.959.
The above observations make me that the market will inevitably achieve 0.966 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
eurchf buy trade
1. **Moving Averages**:
- Neutral: The moving averages are not providing a clear bullish or bearish signal.
- Consider watching the 10-period and 20-period moving averages for potential crossovers.
2. **Oscillators**:
- Neutral: Oscillators like the Relative Strength Index (RSI) and Stochastic %K are not strongly indicating either buying or selling pressure.
- Keep an eye on any changes in these indicators.
3. **Pivots**:
- Pivot levels can act as support or resistance. Pay attention to price reactions around these levels.
4. **Overall Summary**:
- The technical picture is mixed, with no strong bullish or bearish bias.
- Monitor price action closely and consider additional factors before making any trading decisions.
Remember that technical analysis is just one aspect of trading. Always combine it with other information and risk management strategies. 📈👍
For more detailed charts and analysis, you can explore platforms like (www.tradingview.com) or (www.investing.com).¹² If you're using a trading platform, check their built-in tools as well. Happy trading! 🌟
EURCHF BUYSHello guys let me go over why buys were valid on EURCHF and what is my task for a price to complete. As you can see price is clearly in a downtrend. Knowing that strong move needs a recovery and then to continue to the direction of the trend, buy to sell setup made sense to me. As you can see price came all the way down, broke an important structure and created it's own independent trading range. It mitigated the blue line, while making structure shift on smaller time frames. With stop loss being put below the low, minimum RR for this trade was 1:2.5 which is not that bad at all! Let's see what price will do next.
EURCHF My Opinion! BUY!
My dear subscribers,
EURCHF looks like it will make a good move, and here are the details:
The market is trading on 0.9534 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.9607
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EUR/CHF Monthly Analysis: Bullish Momentum in Play
## EUR/CHF Monthly Analysis: Bullish Momentum in Play
### Overview
The EUR/CHF pair has recently showcased significant movements that have caught the attention of traders and analysts alike. Notably, the pair has exhibited a classic liquidity grab on the sell side, which has set the stage for targeting the buy side liquidity. This movement is pivotal for traders looking to capitalize on the evolving market dynamics.
### Sell Side Liquidity Grab
In the latest monthly chart, EUR/CHF has successfully captured the sell side liquidity. This maneuver is often indicative of the market's attempt to sweep out weak hands before establishing a new directional bias. By clearing out the sell stops below key support levels, the pair has paved the way for a potential bullish rally.
### Buy Side Liquidity Target
Following the sell side liquidity sweep, the focus now shifts towards the buy side liquidity targets. These targets are typically situated around previous highs and areas of accumulated buy stops. Traders will be closely monitoring these levels as potential zones for price to reach in the coming months.
### Reaction from Monthly Fair Value Gap (FVG)
The price has tapped into the monthly Fair Value Gap (FVG), a crucial area where imbalances between buyers and sellers exist. This reaction is significant as it often marks a point of institutional interest. The response from this level has provided a clear Market Structure Shift (MSS), further validating the bullish outlook.
### Inducement and Refined Bullish Order Block
As the market absorbed the sell side liquidity and reacted from the FVG, an inducement was created. This inducement is essentially a trap set by the market to lure in sellers, only to reverse and capture their positions. Subsequently, a refined bullish order block has been marked. This order block is a critical area where institutional orders are likely placed, providing a solid foundation for the next upward move.
### Market Sentiment and Outlook
The overall market sentiment for EUR/CHF is now skewed towards the bullish side. With the liquidity grab and the establishment of a refined order block, traders can anticipate a sustained upward trajectory. The key levels to watch include the buy side liquidity targets and any further reactions from the FVG.
### Conclusion
The EUR/CHF pair has demonstrated a textbook case of liquidity dynamics, offering a compelling opportunity for traders. The successful capture of sell side liquidity, the reaction from the monthly FVG, and the formation of a bullish order block all point towards a bullish continuation. As the market progresses, staying vigilant and monitoring key levels will be crucial for optimizing entry and exit points.
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This analysis provides a comprehensive view of the recent price action in the EUR/CHF pair, highlighting key technical aspects and offering insights into potential future movements. Happy trading!
EURCHF Trade UpdateI have been calling the EURCHF short trades for the longest and it worked out perfectly just as we had anticipated.
The idea behind this set up is, the Daily structure broke to the downside. We were waiting in the pullback phase just of the market and we were trying to catch the start of the continuation phase which I called at 61.8% FIB Level.
EURCHF Trade UpdateI have been calling the EURCHF short trades for the longest and it worked out perfectly just as we had anticipated.
The idea behind this set up is, the Daily structure broke to the downside. We were waiting in the pullback phase just of the market and we were trying to catch the start of the continuation phase which I called at 61.8% FIB Level.
Possible short on EURCHF for next weekI have been working on my own indicator called FICO (FX Index Curve Oscillator). It seems to perform well in backtesting and as a way to engage in forward testing, I am posting this idea.
Basically it works by making our own DXY-like index for each currency, then plotting its rate of change. By looking at relative strength and weakness with each one, we can find pairs and direction to trade.
Using this indicator, it shows that the EUR is about to flip negative, and the CHF is about to flip positive. Therefore, we want to short EURCHF to be on the right side of both of these tickers.
But we're not there quite yet. We need another candle or two for the confirmation to happen (eg we might get another green candle with a large wick) so we don't want to enter yet and risk getting stopped out. If the trade works out exactly as planned (eg entry at 0.97719 and hits 4x ATR level), then this trade would be worth 180 pips.
Let's find out next week!
EUR/CHF - Short-term Bullish CampaignOver the last 14 days the EUR/CHF had entered a short-term trading range with the bottom support at 0.9656. The probability for a short-term upside reversal back to 0.9735 had risen significantly. We've decided to take Short-term action by doubling down on the pair. This does NOT cancel or override our recent long-term bullish overview that is still very much valid.