Eur-chf
EURCHF looking for a retracement 🦐EURCHF after moving in the long descending channel broke the upper trendline and now is trading below a resistance.
According to Plancton's strategy if the price will break above 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 approaching pivot, potential for reversalPrices are approaching 78.6% Fibonacci retracement and 78.6% Fibonacci extension fibonacci confluence . Prices might reverse and push down towards horizontal swing low support in line with 127.2% Fibonacci extension and 161.8% Fibonacci retracement. If prices continue to push up, prices might face resistance from horizontal swing high resistance in line with 161.8% Fibonacci retracement and 161.8% Fibonacci extension. Stochastics is also approaching resistance of 93.75 level, potential for reversal.
EUR/CHF:PRICE ACTION BEARISH |NEW OPPORTUNITY| SHORT SETUP 🔔After our previous WINNING IDEA on EUR/CHF , there is another opportunity for short setup. What you think about ?
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EURCHF: Bearish Wave is Coming?! 🇪🇺🇨🇭
Hey traders,
EURCHF reached a resistance line of a major falling parallel channel.
The price was nicely rejected on a daily.
As a confirmation, the price broke and closed below a support line of a minor rising channel on hourly time frame.
Now I expect a bearish move.
First goal - 1.0922
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EURCHF Buy the pivot.EURCHF - Intraday - We look to Buy at 1.0934 (stop at 1.0919)
Pivot support is at 1.0931.
20 4hour EMA is at 1.0936.
Dips continue to attract buyers.
We look to buy dips.
Trend line resistance is located at 1.0990.
Our profit targets will be 1.0979 and 1.0989
Resistance: 1.0950 / 1.0960 / 1.0980
Support: 1.0940 / 1.0930 / 1.0915
EURCHF approaching pivot, potential for reversalPrices are approaching 78.6% Fibonacci retracement and 78.6% Fibonacci extension fibonacci confluence. Prices might reverse and push down towards horizontal swing low support in line with 127.2% Fibonacci extension and 161.8% Fibonacci retracement. If prices continue to push up, prices might face resistance from horizontal swing high resistance in line with 161.8% Fibonacci retracement and 161.8% Fiboancci extension. Stochastics is also approaching resistance of 93.75 level, potential for reversal.
EUR/CHF Analysis Potential Trend Continuation to DownsideWelcome back! Please support this idea with a LIKE if you find it useful.
*** EUR/CHF - Our previous prediction hit all targets (see our profile for previous chart) and we now expect a trend continuation to the downside if price fails to break
above 1.0990 zone. Keep this pair on your watch list and follow your entry criteria rules.
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Brian Kenya Horton, BK Forex Academy
💡Don't miss the great buy opportunity in EURCHF
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.09296).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 1.09765
TP2= @ 1.10081
TP3= @ 1.10645
TP4= @ 1.11127
TP5= @ 1.11519
SL= Break below S2
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Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
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ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in EURCHF
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.09296).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 1.09765
TP2= @ 1.10081
TP3= @ 1.10645
TP4= @ 1.11127
TP5= @ 1.11519
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Breakout and a test on EURCHFWhile we are waiting on the major pairs, here we could have a very nice opportunity.
EURCHF is moving fairly slow and it doesn't make any big moves.
However, right now it looks like a decent entry opportunity.
We are currently on a Daily chart and we can clearly see the triangle from last year which has been completed.
This gives us a serious support in the zone below 1,09.
This support is already holding price and we also saw rejection during last week.
That gives us an opportunity to expect price going up to 1,1109 and in case of a breakout - 1,1260!
CHF: SNB selling FX reserves?Fundamental bias: Mildly bullish
EUR/CHF is turning a little higher. It is hard to blame this on the Swiss National Bank meeting, which highlighted that rates would stay at -0.75% and FX intervention would continue if required. Interestingly, one of the Swiss banks suggested that the SNB may have been selling FX reserves earlier this year. If true, that would be a dangerous game for the SNB. Who would want to sell CHF if they knew the SNB wanted to off-load its large FX reserves (shrink its balance sheet) at slightly lower CHF levels?
The week ahead will see the KOF update its economic forecasts. There are probably upside risks here given that Swiss business sentiment has been surging recently. As an aside, the SNB did recently revise up its inflation profile – but with forecast inflation still below 2.0% YoY in late 2022/23, the SNB, like the BoJ, will be one of the last to tighten – and the CHF should be at the forefront of losses in the face of any further dollar strength.
ridethepig | EURCHF into 1.14The concept of this complete or at least partially supported euro structure
In this swing, there are three actors:
1 . the support which is acting as a pivot
2 . the opposing resistance which is being targeted
3 . the breakout trigger which will provide momentum
The breakout here is attacking the soft resistance at 1.14 which is +/- 4% from current levels and 1.20 next year. So buyers are standing in deep value levels with the two targets mentioned. The structure underneath is generally of royal blood, buyers put a lot of time into the plumbing of these levels and are not fearful of hiding behind one another - thus the short space between strong and soft support.
If this lacks the mobility to break out and is an absolute chop fest then we can make the executive decision to make no move of any sort. If on the other hand, the momentum kicks in as I am expecting, we can move to 1.14 with little pushback over the coming weeks and months. The diagram illustrates the long-term map.
Here the flow towards 2018 highs is underway with the European rebound and we are only "partially" into wave 3. This means we can confidently lean on the macro direction as Swiss outflows are set to continue with CHF cooked as a low yielder for the next few years. For those tracking the SNB reserve activity closely, they are going to get a lot more active in Q3 (a lot similar to Q1).
EUR/CHF Analysis - It will head upwardWelcome back! Please support this idea with a LIKE if you find it useful.
*** EUR/CHF- I expect for price to correct to the 50% fib level from current support zone (highlighted) and then a possible Daily trend continuation.
Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian Kenya Horton, BK Forex Academy
EURCHF testing a weekly support 🦐EURCHF is trading between a daily support and a weekly resistance.
The market after the last bearish impulse retraced at the 0.618 Fibonacci level and then tested the 0.5 before closing the last trading day above the support.
According to Plancton's strategy if the price 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
EURCHF a turn at the 0.5 Fib 🦐EURCHF is trading between a daily support and a weekly resistance.
The market after the last bearish impulse retraced at the 0.5 Fibonacci level and close the last trading day above the support.
According to Plancton's strategy if the price 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