EURCHF looking up 🦐EURCHF on the daily chart after the long downtrend breaks the 2 converging trendlines.
The price found a bottom and moved now to the weekly resistance.
According to Plancton's strategy IF the market will break above and satisfy the Academy conditions we will set a nice long order.
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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! | 5th Jan 2022Prices are on bearish momentum and abiding to our bearish trendline. We see the potential for a dip from our sell entry at 1.03776 in line with 61.8% Fibonacci extension towards our Take Profit at 1.03374 in line with 78.6% Fibonacci retracement. Technical indicators are at levels where dips previously happened.
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 the strong downtrend.EURCHF - Intraday - We look to Sell at 1.0364 (stop at 1.0378)
Daily signals are bearish.
We are trading at oversold extremes.
There is no clear indication that the downward move is coming to an end.
20 4hour EMA is at 1.0365.
Preferred trade is to sell into rallies.
Our profit targets will be 1.0327 and 1.0317
Resistance: 1.0350 / 1.0360 / 1.0370
Support: 1.0340 / 1.0330 / 1.0320
EURCHF bearish continuation | 3rd Jan 2022Price is abiding to the descending trendline resistance, signifying an overall bearish momentum. We can expect price to drop from pivot level in line with 100% Fibonacci projection and 50% Fibonacci retracement towards 1st Support in line with previous swing low. Our bearish bias is further supported by the Ichimoku cloud indicator where the price is holding below it.
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.
Bullish outlook on EURCHFOn the H1 time frame, we are seeing possible bullish rise at 1.04140, which is an area of Fibonacci confluence in line with the 38.2% Fibonacci retracement and 78.6% Fibonacci extension. This presents an intraday opportunity to play the bounce towards the next resistance zone at 1.04348 as price holds above the Ichimoku cloud.
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
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.
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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!