EURCHF on a falling wedge 🦐EURCHF on the 4h chart is creating a falling wedge pattern.
The price infact, after a long downtrend, is moving between 2 narrowing trendline and according to Plancton's strategy if the market will break above and satisfy the academy rules we will set a nice long order.
–––––
Follow the Shrimp
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Eur-chf
EURCHF is on bearish momentum! | 16 Dec 2021Prices are on bearish momentum. We see potential for a dip from our sell entry at 1.04560 in line with 100% Fibonacci extension and 78.6% Fibonacci retracement towards our Take Profit at 1.03778 in line with 61.8% Fibonacci retracement and 100% Fibonacci extension. Technical indicators are showing bearish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Possible trend shift in EURCHF – going long | 16th Dec Signal ID: 78698
Time Issued: Thursday, 16 December 2021 02:00:15 GMT
Status: open
Entry: 1.04282 - 1.04488
Limit: N/A
Stop Loss: 1.03975
The Tidal Shift Strategy has just bought EURCHF at 1.04385. The system recommends entering this trade at any price between 1.04282 and 1.04488. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 4.3976, which suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is 0.00082, so the stop loss has been set at 1.03975. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURCHF Bearish Continuation | 10th Dec 2021Price is abiding to the descending trendline resistance, signifying overall bearish momentum. We can expect price to drop from pivot level in line with descending trendline resistance, 61.8% Fibonacci projection and 78.6% Fibonacci retracement towards 1st Support in line with 61.8% Fibonacci projection and previous swing low. Our bearish bias is further supported by the RSI indicator where it is approaching the resistance level .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURCHF Bearish Continuation | 10th Dec 2021Price is abiding to the descending trendline resistance, signifying overall bearish momentum. We can expect price to drop from pivot level in line with descending trendline resistance, 61.8% Fibonacci projection and 78.6% Fibonacci retracement towards 1st Support in line with 61.8% Fibonacci projection and previous swing low. Our bearish bias is further supported by the RSI indicator where it is approaching the resistance level.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURCHF Sell into a rally.EURCHF - Intraday - We look to Sell at 1.0537 (stop at 1.0550)
Daily signals are bearish.
Rallies continue to attract sellers.
We look for a temporary move higher.
50 4hour EMA is at 1.0538.
Preferred trade is to sell into rallies.
Our profit targets will be 1.0501 and 1.0491
Resistance: 1.0520 / 1.0530 / 1.0540
Support: 1.0510 / 1.0500 / 1.0490
EURCHFHi traders...been a while since I posted...just encumbered with school examination.
So, here on the EURCHF, price have been moving correctively upwards and towards a strong supply zone. By this, we expect a reversal to the downside, at least to the nearest swing low. However, we will not be predictive about this move, but reactive to price action on this zone, with confirmation from our various strategies.
Thanks and good luck.
Don't forget to like, comment and follow for more analysis and educational contents.
EURCHF bearish continuation | 25th Nov 2021Price is abiding to the descending trendline resistance, signifying bearish momentum. We can expect price to drop from pivot level in line with 61.8% Fibonacci projection and 61.8% Fibonacci retracement towards take profit level in line with 78.6% Fibonacci projection . Our bearish bias is further supported by ichimoku indicator where the price is holding below the clouds.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURCHF bearish continuation | 25th Nov 2021 Price is abiding to the descending trendline resistance, signifying bearish momentum. We can expect price to drop from pivot level in line with 61.8% Fibonacci projection and 61.8% Fibonacci retracement towards take profit level in line with 78.6% Fibonacci projection. Our bearish bias is further supported by ichimoku indicator where the price is holding below the clouds.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURCHF on its way to ATL1. Be aware that the SNB (Swiss National Bank) had set a minimum exchange rate of 1.20 CHF per EUR for some years to keep Switzerlands economy in place, because we rely on exports.
2. This synthetically set level can be seen in the period from 2012-2013 where the price basically did nothing for weeks and was just kept alive at that rate
3. On 15.01.2015 this synthetic minimum price was abolished and the price dumped instantly to under the equilibrium, even to 0.96 EUR per CHF. Historical moment!
4. Notice the bearish retest in 2018, what a beautiful rejection there at the last support from 2015.
5. Around start of the pandemic in march 2020 we had a bullish retest of support at bullish weekly OB indicated by the "tick" in green.
6. At the moment we broke this support and I am expecting another break and retest of this 3-month support @ 1.0418.
7. Last but not least, there is a big liquidity pool resting around the sell stops at 1.0234 , above and below. Probably will act as a magnet for price action and a big stop hunt happening there.
CONCLUSION:
--> EUR is at the brink of doom here, holding at the last support in its entire history to the Swiss Franc.
--> the narrative behind the weakness of EUR is the non-stop-printing of new money during the pandemic caused by the ECB
--> add the relatively stable condition of the swiss economy regarding the rest of europe into the mix, and you have enough reasons to sell your EUR to CHF
As a swiss-based trader, wanted to have a look at my personal exchange rate for buying things abroad or taking bigger investments like land and real estate in cheaper european countries. Applying some fundamental knowledge here, but mostly the chart explains itself with its price action. Hope this chart gives some clarification and insight!
EURCHF short running 🩳🏃🏼POW reversal strategy in use here for this trade.
Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
Previous trades can be seen on chart also including one loser and one winner.
As with every idea trade history and log can be seen at the foot of this trade idea too for full transparency.
The report box tabs when pressed it shows all you need to know about the strategy performance.
You as the viewer of this idea can also do that so go ahead and have a play.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
EURCHF Sell into a rally.EURCHF - Intraday - We look to Sell at 1.0549 (stop at 1.0563)
Daily signals are bearish.
Rallies continue to attract sellers.
Preferred trade is to sell into rallies.
50 4hour EMA is at 1.0550.
We look for a temporary move higher.
Our profit targets will be 1.0511 and 1.0501
Resistance: 1.0530 / 1.0540 / 1.0550
Support: 1.0520 / 1.0510 / 1.0500
EUR/CHF – BNP Paribas expectationsCHF: Bullish momentum unlikely to last
The CHF strengthened significantly in October with EURCHF sustaining a break below 1.06. The decline in the cross means EURCHF now appears very cheap relative to our short-term fair value model STEER™ and macro fair value model MarFA™. This is suggestive of an FX flow, rather than fundamentals driving a stronger CHF. We view risks around EURCHF as skewed to the upside. EURCHF is close to levels last seen in May 2020. At the time, the SNB intervened in FX markets to stabilise the cross. Total sight deposits in Switzerland rose CHF4bn over the past three weeks. The pace of the rise suggests the SNB may again be intervening in FX markets. The credible threat of further SNB intervention will keep EURCHF from breaking significantly lower, in our view. Additionally, the SNB is currently priced to tighten around 20bp more than the ECB over the coming two years. This seems overdone to us, given inflation in Switzerland is remains below target and the fact that there is limited historical precedent for this. We forecast EURCHF at 1.10 by the end of next year.
MACROECONOMIC FUNDAMENTALS AND MONETARY POLICY
October inflation in Switzerland accelerated to 1.2% y/y. Manufacturing PMI’s remained in expansionary territory in October at 65.4. FX intervention remains as the SNB’s primary policy tool. While the market has priced the SNB to tighten, its high tiering threshold for domestic banks and low inflation rate means the central bank is likely to tighten by less than other central banks, which makes the CHF an attractive funding currency.
FAIR VALUE
BNP Paribas CLEER™ suggests EURCHF is trading in line with its CLEER of 1.06. However, BNP Paribas FEER views the CHF as structurally rich and suggests EURCHF equilibrium fair value is at 1.41 and USDCHF at 1.01.
BALANCE OF PAYMENTS
Switzerland’s broad basic balance of payments (BBBoP) improved to -2.9% in Q2 2021 (4q sum, % of GDP through to end-Q2 2021) because of FDI outflows slowing and the current account surplus widening.
EURCHF on a strong support 🦐EURCHF on the 4 chart is currently moving inside a descending trend within 2 parallel trendline.
The market is now bouncing over a strong support and we can expect some retracement to the upside.
According to Plancton's strategy IF the price will break above the minor support and the ACADEMY conditions will be satisfied we will set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
I'm in a EURCHF short 📉🙌Good week for this strategy as you will see on chart.
Trade details for current trade are shown on the chart.
Trade has been live since 10:30 UK time and we are using our POW reversal script.
We are working the 30M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red short arrow is entry point and purple line is stop loss.
In draw down at time of writing but I stick to the proven back tested plan and let the trade play out.
Trade history can be seen at the foot of this trade idea too for full transparency.
Previous trades of the week can be seen on chart.
All bar one have found target lets see how what probably the last trade of the week for this strategy plays out.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
EURCHF short has just alerted 🔔Using POW reversal strategy for this trade an EURCHF short.
Trade details for current trade are shown on the chart.
We are working the 30M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
Previous trades can be seen on chart for the last week which gives an nice insight as to how the pair has tracked.
Trade history can be seen at the foot of this trade idea too for full transparency.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
EURCHF testing a daily support 🦐EURCHF on the daily chart failed to complete the double bottom and is testing again the daily support.
The price has been rejected by the weekly resistance at the 0.382 Fibonacci level and according to Plancton's strategy if the market will break below we will set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger