Eur-chf
Looking for lower prices on EURCHFEURCHF - Intraday - We look to Sell at 0.9615 (stop at 0.9635)
Our short term bias remains negative. There is no clear indication that the downward move is coming to an end. We look for a temporary move higher. 20 4hour EMA is at 0.9615.
Our profit targets will be 0.9566 and 0.9556
Resistance: 0.9580 / 0.9600 / 0.9620
Support: 0.9570 / 0.9550 / 0.9530
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Daily signals remain bearish on EURCHFEURCHF - Intraday - We look to Sell at 0.9699 (stop at 0.9721)
Daily signals are bearish. Preferred trade is to sell into rallies. Previous support at 0.9700 now becomes resistance. We look for a temporary move higher.
Our profit targets will be 0.9644 and 0.9634
Resistance: 0.9680 / 0.9700 / 0.9720
Support: 0.9660 / 0.9640 / 0.9620
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
EURCHF: the image of euro continues to be weak against classicsEUROPE is heading towards a recession, we assume that EURO should definitely underperform strong currencies for the time being. we have on the top watchlist EURO weakness against CHF and USD.
In today's trading session we are monitoring EURCHF for a selling opportunity around 0.97 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
EURCHF medium-term BuyThe EURCHF pair has been trading on Lower Lows since June, below both the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line). However since June 29 and its Double Bottom, the 1D RSI started forming Higher Lows, indicating a Bullish Divergence. Being a similar structure to that of September - December 2021, we give higher probabilities of a medium-term rebound towards the 0.382 Fibonacci retracement level (1.000), even if one last low is made near 0.9600.
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EURCHF: 2 Scenarios For This Week Explained 🇪🇺🇨🇭
Update for EURCHF pair.
The market is nicely retracing from a key daily structure resistance.
Analyzing a price action on multiple time frames, I see 2 potential scenarios:
Bullish
If the price breaks 0.979 - 0.982 daily supply area and closes above that
I will expect a bullish continuation to 0.987 / 0.9915 levels.
Bearish
The market is trading in a global bearish trend and may drop from the underlined blue resistance.
To catch a trend-following trade from that, watch a triple top formation on 4H time frame.
0.9755 - 0.9765 is its horizontal neckline. If the price breaks and closes below that on 4H,
I will expect a bearish move to 0.9727 / 0.9711 levels.
Breakout will clarify the future direction of the pair, so be patient and wait.
What scenario do you expect?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Short term bias remains negative on EURCHFEURCHF - Intraday - We look to Sell at 0.9809 (stop at 0.9831)
Our short term bias remains negative. 0.9811 has been pivotal. Previous support at 0.9810 now becomes resistance. Preferred trade is to sell into rallies.
Our profit targets will be 0.9755 and 0.9745
Resistance: 0.9800 / 0.9820 / 0.9840
Support: 0.9780 / 0.9760 / 0.9740
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
EUR/CHF:REVERSAL | PRICE ACTION ANALYSIS | LONG SETUP 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools.
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Have a Good Take Day_Profits !
Intraday rallies continue to attract sellers in EURCHFEURCHF - Intraday - We look to Sell at 0.9882 (stop at 0.9903)
Bespoke resistance is located at 0.9880. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Preferred trade is to sell into rallies. Our short term bias remains negative.
Our profit targets will be 0.9828 and 0.9818
Resistance: 0.9860 / 0.9880 / 0.9910
Support: 0.9850 / 0.9830 / 0.9800
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Our short term bias remains negative on EURCHFEURCHF - Intraday - We look to Sell at 0.9943 (stop at 0.9964)
Our short term bias remains negative. There is no clear indication that the downward move is coming to an end. 0.9945 has been pivotal. Previous support at 0.9945 now becomes resistance.
Our profit targets will be 0.9888 and 0.9878
Resistance: 0.9900 / 0.9920 / 0.9945
Support: 0.9870 / 0.9850 / 0.9830
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
EURCHF - Channel Bounce! 🚀Having revisited EURCHF, we can see that there's a really clear channel at play. We can take advantage of this by trading within the channel parameters.
There's EUR news tomorrow that may help move EURCHF back up to the highs of the channel.
Trade Idea:
- Watch for break of the descending red trendline for confirmation
- Once entered, SL below the lows (below channel)
- Targets: 1.02 (300pips), 1.045 (580pips)
Goodluck and as always, trade safe!
EURCHF Buy opportunity on an RSI Double BottomThe EURCHF pair has been on a strong sell sequence since the June 09 High, which in fact was a Double Top with the May 10 High. The strength of the sell-off is similar to the Feb 07 - March 07 sequence. Interestingly enough, today's low makes an ideal Lower Low if the pattern in the making is a Channel Down.
With the 1D RSI making a short-term Double Bottom, this is technically the ideal spot for a medium-term buy targeting the 1D MA50 (blue trend-line). If we close below the Lower Lows, be ready to limit the loss and gain exposure again on the dashed trend-line.
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