EURCHF Analysis: Bullish Reversal AnticipatedAfter an extended bearish trend, I have spotted a significant bullish formation on the EURCHF chart. Key technical indicators and chart patterns are pointing towards a potential reversal to a bullish trend. This presents a promising opportunity for traders to capitalize on the expected upward movement.
Stay tuned for more detailed analysis and updates!
EURCHF trade ideas
EUR-CHF Bearish Breakout! Sell!
Hello,Traders!
EUR-CHF is trading in a
Downtrend and the pair
Made a strong bearish
Breakout of the key
Horizontal level of 0.953
And the breakout is confirmed
So we will be expecting
A further move down
Sell!
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Check out other forecasts below too!
EUR/CHF may fall 39 - 64 pipsPivot
0.9560
Our preference
Short positions below 0.9560 with targets at 0.9505 & 0.9480 in extension.
Alternative scenario
Above 0.9560 look for further upside with 0.9585 & 0.9605 as targets.
Comment
As long as 0.9560 is resistance, look for choppy price action with a bearish bias.
Supports and resistances
0.9605
0.9585
0.9560
0.9544 Last
0.9505
0.9480
0.9450
Number of asterisks represents the strength of support and resistance levels.
EUR/CHF Day Trading Analysis With Volume ProfileOn EUR/CHF it's nice to see a strong sell-off from the price of 0.95950. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the strong volume area are my main reasons for this short trade.
Happy trading,
Dale
EUR/CHF For Bearish after finish pull-backwait for finish pull-back and creating lower high at red arrow or between fibo levels (50:61) and then go short
if you want to go with pull back then you can go long with low lot size and out after creating lower high
- EUR under pressure
- General Trend is Down
have fun :)
SELL CADCHF for downtrend continuation STOP LOSS : 0.6538 ThSELL EURCHF for downtrend continuation
STOP LOSS : 0.9759
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Eurchf is bullish Eurchf is in down trend but it reached to the extreme levels where it should rebound to up side before it continues into its direction.
Now eurchf should go up to 0.9580-0.9600, then we will wait the confirmations to go bearish with the trend.
Moreover all eur pairs are oversold which it stands with our vision.
EURCHF Will Move Lower! Short!
Please, check our technical outlook for EURCHF.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.968.
The above observations make me that the market will inevitably achieve 0.963 level.
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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Shorting EURCHF
Looking at the economic value of the company EURCHF it's should be able to make 160pips in the future, through my financial valuation analysis on the price action.
The company EURCHF was built by an activist investor in the weekend when the making was closed, this tells that activist can see the economic value of the pair EURCHF,
the accounting records shown on the price account for the company EURCHF is not not leading to the direction on its economic growth..
So I'm, entrusting the activist investor in make adjustments to the company EURCHF director , because there is a new developing opportunity in the CHF sector developing at the moment.
EUR/CHF may fall 14 - 29 pipsPivot
0.9685
Our preference
Short positions below 0.9685 with targets at 0.9660 & 0.9645 in extension.
Alternative scenario
Above 0.9685 look for further upside with 0.9705 & 0.9720 as targets.
Comment
As long as 0.9685 is resistance, look for choppy price action with a bearish bias.
Supports and resistances
0.9720
0.9705
0.9685
0.9674 Last
0.9660
0.9645
0.9635
Number of asterisks represents the strength of support and resistance levels.
EUR/CHF ShortContext:
• Monthly Rejection confirmed
• Weekly build a RBD with FVGs
• Daily consolidated for 3 days below Swing Low and left that base
Idea:
• Short on 4h-Supply
Entry Area:
• 0.9642 - 0.9670
Entry Signal:
Two options
• LMT on 4h Supply
• Reversal on lower timeframe like 1h
Stop:
• Above Supply or entry setup
Target:
• 0.9565 (last bullish montly candle low)
Scenario invalidated:
• Bullish Reversal into breakout-Range, i.e. above 0.967
• If we build up momentum and create another base → would be new scneraio
Please feel free to comment!