EURCHF trade ideas
EURCHFEURCHF.
Will EURCHF get bids from buyers ?
As the price is at strong support level and bullish divergence indicating the buyers may attack this zone. If this happens and buyers start buying from here then the next target could be 0.9700 followed by 0.9800
What you guys think of this idea?
EURCHF - Basic Fibo retracementBasic fibo reversal trades based on 2 entries
1st entry: Fibo 0.5 level - RR 1:3.2 - Risk: 100$
2nd entry: Fibo 0.618 level - RR 1:7.6 - Risk: 100$
Total Risk: 200$
Total Profit: 1000$
Total RR 1:5
EUR/CHFYou can see the long-term analysis of the currency pair that if the price returns to the 0.9560 and 0.9540 areas, you can look for a buying opportunity for at least 300 to 400 pips of profit.
Eurchf is the trade of the week The reason we are bearish is simple.
1. All Timeframes are bearish, from the weekly to the daily and also the 4hour.
2. There was a daily rejection on the daily AOI and also the 4hour.
3. Then we waited for the 1hour bearish engulfing candlestick.
4. It's only wise to go with the trend.
EUR/CHF - Bullish CampaignThe strong key-level support at 0.9570 is breaking the negative momentum. This rejection suggests that the technical correction phase is over. Price action is expected to resume the original bull cycle. We are jumping into position targeting the medium to long-term key-level resistance of 0.9934
EUR_CHF POTENTIAL LONG|
✅EUR_CHF broke the key
Horizontal level of 0.9550
And then the pair made a retest
And is now going up again so
We are locally bullish biased
And we will be expecting a
Further move up
LONG🚀
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Why I'm selling EURCHFHELLO traders!! If you follow me here on tradingview you will know this trade which I published on Sunday but our setup did not happen and we are taking a different direction.
As you can see this is a simple break and retest.
We will be placing our SL behind this low. You can set you own Tp but I will be taking 2.5 RRR on this one.
EURCHF making rising wedge patternEURCHF is making rising wedge pattern on one hour chart indication of bullish trend good option for bulls to buy at current levels with a small stop loss near recent higher low.
EURCHF LONGSI expect eurchf to go up to .71 flat cos i see the neckline on the inverted head and shoulders strongly retested. And im lookin toward another 100 💯 pip move to the upside DYOR tho
Swiss Franc: The Economic Bulwark Amid Global UncertaintiesThe Swiss franc (CHF) retains its position as a cornerstone of financial stability within the dynamic global economic environment. The recent strategic adjustments to interest rates by the Swiss National Bank (SNB) underscore Switzerland's distinct macroeconomic landscape relative to Europe. This analysis delves into the implications of these adjustments and the broader significance of the CHF in today's global financial arena.
Key Considerations:
The SNB's proactive interest rate cuts demonstrate a data-driven approach to managing the CHF's valuation.
The CHF's historical association with stability makes it a sought-after asset during periods of heightened geopolitical tensions, as evidenced by recent investor behavior.
The SNB prioritizes maintaining price stability while mitigating the risk of excessive CHF appreciation, as Chairman Thomas Jordan's recent comments suggest.
Switzerland's ongoing exploration of central bank digital currencies (CBDCs) positions the CHF at the forefront of financial innovation, potentially solidifying its global financial standing.
Investment Thesis:
The SNB's commitment to monitoring inflation and exchange rate developments suggests a willingness to intervene if necessary, ensuring the CHF's stability and insulating the Swiss economy from external shocks. This proactive approach positions the CHF for continued strength within the global financial landscape.
Bearish divergence in EURCHFA bearish divergence is observed in EURJPY currency pair in an hourly timeframe. There is a possibility that the current uptrend might reverse into a downtrend. If the last HL is broken forming a new LH, then taking a short position will be a good point.
Simple and Accurate Forex Trade Model - Find this on any chart!This is the very basic of what I do. Identify HTF tapering, wait for a buying continuation algorithm to prove control, enter on confirmation.
We now have our targets in place based on our control algorithms (green and yellow) and will take profits based off those as price develops.
Happy Trading :)
EURCHF 4H TF Bullish (Divergence, DOW)EURCHF shows a bullish momentum based on reversal using 4H bullish Divergence and break of LH based on DOW theory. Entry is taken at CMP with TP1 and TP2 at 1:1 & 1:2 and SL at 20 pips below the LL.
What do you think, will it hit TP1 and TP2?
EURCHFThis Weekly FORECAST
Opportunity for EURCHF. This setup trading idea is for intraday. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
EURCHF: Confirmed Bullish ReversalEURCHF created a significant inverted head and shoulders pattern on a 4H chart.
Following the release of the German business climate report earlier today, the market surged and broke above both the neckline and a strong descending trend line.
The expanding demand zone consists of two violated structures.
I plan to seek buying opportunities from this area, expecting a bullish extension towards the levels of 0.959 - 0.962.
EUR/CHF Technical AnalysisEUR/CHF Technical Analysis
Timeframe: 15-Minute Chart
Chart Overview:
In this 15-minute EUR/CHF chart, we observe a clear descending trend characterized by lower highs and lower lows. The price action reflects a bearish sentiment with key support and resistance levels marked to guide potential trading decisions.
Key Elements:
1. Descending Channel:
- The price is moving within a descending channel, indicating a prevailing bearish trend. The channel is defined by the upper resistance trendline and the lower support trendline.
- This channel suggests that the price is making lower highs and lower lows, a classic sign of a downtrend.
2. Support and Resistance Levels:
- Resistance Levels: Key resistance levels are marked at 0.97421 and 0.96952. These levels have previously acted as support, but now they may act as resistance as the price approaches them from below.
- Support Levels: Significant support levels are identified at 0.95532 and 0.94752. These levels have provided a floor for the price action in the past and could be potential bounce points.
3. Price Patterns:
A consolidation pattern is observed around the 0.95532 support level, where the price seems to be stabilizing after a significant downtrend.
This consolidation could signal an accumulation phase, where buyers are gathering strength before a potential breakout.
### Conclusion:
The EUR/CHF pair is currently in a bearish trend within a descending channel. Key support and resistance levels provide potential entry and exit points for trades. Volume spikes indicate significant market activity around these levels, making them critical for trading decisions. Always manage your risk with appropriate stop losses and position sizing.
EURCHF POTENTIAL SHORT CONTINUATIONHello Everyone!
How are you all?
EurChf is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The trend is bearish.
2. The price has formed a continuation structure and it is approaching the value area.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High and makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
EURCHF 240 - Channel Down Breakout : 2 days agoChannel Down has broken through the resistance line
at 6/21 23:00. Possible bullish price movement forecast
for the next 5 days towards 0.9644.
Expiry Date/Time: 6/28 14:22
Strong buy for EURCHF, 2hrEURCHF has reached a a very strong weekly low that has made it to bounce of it and change direction. For EURCHF we have been buying low and selling high. It respects the most of the simple patterns and respects them.
For now the focus on the 2hr chart says that we are looking to bullish and we have lost the selling momentum. We have been selling for the month of June and we are hopefully going to follow the uptrend movement. Our downtrend resistance trendline that the pair has respected for more that three times has been broken and the pair got enough strength to push above it from the Inverse Head & Shoulder created.
EUR/CHF: Navigating SNB Cut and French Election DynamicsHey Traders, In today's trading session, we are closely observing the EUR/CHF pair for a potential selling opportunity around the 0.95500 zone. This level is identified as a key support and resistance area, aligning with the ongoing downtrend. The pair is currently in a corrective phase, approaching the trend line near the 0.95500 level.
Recent Developments:
Swiss National Bank (SNB) Policy Adjustment: Yesterday, the SNB implemented a 25 basis points rate cut. This move typically signals a dovish monetary stance, which might initially weaken the Swiss Franc.
French Elections: As we approach the French elections, demand for the Swiss Franc is anticipated to remain robust. Political uncertainty often drives investors towards safe-haven currencies like the CHF.
Given these dynamics, we expect the recent SNB rate cut's impact on the Swiss Franc to be temporary. The heightened demand for the Franc amid electoral uncertainty should bolster its strength, making the 0.95500 zone a critical level to watch for potential selling opportunities in the EUR/CHF pair.
Best Regards,
Joe
EURCHF Will Move Lower! Short!
Take a look at our analysis for EURCHF.
Time Frame: 2H
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.954.
Considering the today's price action, probabilities will be high to see a movement to 0.950.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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