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
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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💡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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💡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.
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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
EURCHF a range trading 🦐EURCHF on the daily chart is moving between a daily support and a weekly resistance.
The price tested a few times the lows creating a triple bottom.
According to Plancton's strategy if the market 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
Sell EURCHFHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price has hit its RESISTANCE and is falling down. It has also broken its TRENDLINE SUPPORT.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand.
So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
EURCHF Sell the 50 EMA.EURCHF - Intraday - We look to Sell at 1.0976 (stop at 1.0991)
1 50day EMA is at 1.0976.
Daily signals are mildly bearish.
Trading within a Bearish Channel formation.
Preferred trade is to sell into rallies.
Our profit targets will be 1.0934 and 1.0921
Resistance: 1.0960 / 1.0980 / 1.0990
Support: 1.0930 / 1.0920 / 1.0900
EURCHF a range trading 🦐EURCHF after the retest of the weekly resistance couldn't break above.
The market is now back over the minor support and 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 on a double bottom 🦐EURCHF on the 4h chart testes twice the lows creating a double bottom below a weekly resistance.
The price consolidates between the 2 structures and according to Plancton's strategy if the market 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 - FOREX - 26. MAY. 2021Welcome to our weekly trade setup ( EURCHF )!
-
1 HOUR
Bullish price action..
4 HOUR
Closure above main sr level.
DAILY
Looking for a break towards previous highs..
-
FOREX SETUP
BUY EURCHF
ENTRY LEVEL @ 1.09690
SL @ 1.09380
TP @ 1.10170
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURCHF Buy a break setup.EURCHF - Intraday - We look to Buy a break of 1.0992 (stop at 1.0976)
Trading within a Bearish Channel formation.
Price action has formed a bullish ascending triangle formation.
Pivot resistance is at 1.0989.
A break of bespoke resistance at 1.0990, and the move higher is already underway.
The bias is to break to the upside.
Trend line resistance is located at 1.1040.
Our profit targets will be 1.1038 and 1.1058
Resistance: 1.0990 / 1.1010 / 1.1040
Support: 1.0970 / 1.0950 / 1.0940
EURCHF retest the resistance 🦐EURCHF after the break below moved in a bear flag for a retest of the weekly resistance.
The price has now reached the minor support at the previous lows 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
EURCHF retest the resistance 🦐EURCHF on the 4h chart after the break retest the resistance and now moving lower..
According to Plancton's strategy if the price will break below the support 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