Eur-chf
EUR/CHF's downtrend to be resumedHello, dear Traders! Hope trading is going very well in these troubling times! Finding opportunities to trade in these uncertain moments is also very hard.
EUR/CHF - long-term downtrend with Swiss's strength growing long since the Covid crisis. Price has touched down on the 200 MA after the last correction and here are two potential scenarios that may play out:
1. Price will bounce back to test the the upper trend line. But as they say: "Trend is your friend" and this will be just an opportunity to resume shorts within the downtrend. Demarker is showing that the price is in oversold zone, and ready for a last impulse down.
2. With the current Euro weakness and Swissy again appreciating with the uncertain risk environment, price drops trough the 200 MA without a retrace.
3. Overall, my expectations are for the pair to continue within the downtrend.
Stay safe, traders and profitable trading!
EURCHF Weekly/ Daily analysis 🦐EURCHF on the weekly chart is moving inside a descending channel.
The price finally took a direction and testing a weekly resistance around the 1.07 level.
On the daily chart, the market couldn't break below and bounce over the support.
IF the price during next week will break and close below the weekly structure, we will set a nice short order according to Plancton's strategy.
–––––
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.
Short ideaEurchf moves slow but if one is patient enough its very fine setup. Price seems to be working out a fractal. It should drop 159 pips...
In terms of correlation this means...
Top Absolute Correlation 4 hrs
1 EURCHF - USDPLN -76.5% UP
2 EURCHF - USDHUF -73.4% UP
3 EURCHF - GBPJPY 72.8% DOWN
4 EURCHF - USDSGD -70.9% UP
5 EURCHF - EURHUF -70.4% UP
6 EURCHF - SEKJPY 69.8% DOWN
Possible trend shift in EURCHF – going shortThe Tidal Shift Strategy has just sold EURCHF at 1.07111. The system recommends entering this trade at any price between 1.07028 and 1.07194. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 6.95539, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00066, so the stop loss has been set at 1.07442. This stop loss order is a trailing stop that will move down as the market moves down. 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.
Signal ID: 73817
Time Issued: Wednesday, 28 October 2020 09:00:16 GMT
Status: open
Entry: 1.07028 - 1.07194
Limit: N/A
Stop Loss: 1.07442
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 interests 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 here.
Past Performance is not an indicator of future results.
EURCHF tesing a weekly resistance 🦐EURCHF on the daily chart broke below the daily resistance at 1.07350 and retest it.
Currently the price is above the weekly support at 1.07000.
IF the price will break and close below we will set a nice shot order according to Plancton's strategy.
–––––
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 - DAY TRADE VIEWEURCHF - As per the daily candles & chart patterns following the trend it should reverse back.
My approach will be a buy here at current price 1.07130
Maintain stop loss around 1.06600
Potential upside target 1.08050
Follow the levels properly, I will be glad to see your likes & comment.
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EURCHF on the test of a weekly support 🦐EURCHF has broken the ascending channel started at the end of July.
The price broke below and will go for the test of the weekly support around 1.07 level.
IF the price will break and close below the resistance structure we can set a nice short order according to Plancton's strategy.
–––––
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 short opportunity Eurchf was on a channel for a while. The market has recently broken the channel and we can expect a big move to the downside. Right now the market is extended to the downside so not a good opportunity for short. Waiting for the market to go test at least 0.38 or possibly 0.5 or maybe even 0.618 fibo retracements on daily chart and sell from there or the market can also continue to the downside without a retracement but a retracement will be best. look at 4H for an entry. Take profit will be 1.06300.
The power of a range - series 4!We have already published the opportunity to trade within the range at EURCHF 4 times.
It started in mid-July and for 3 months now the price has been moving in this range. As you know, this is a good opportunity to trade from the bottom to the top and back.
And in case of a breakthrough we look for an entry in the direction of the breakthrough. For now, the downward movement seems quite definite, and it is possible that this time we will see a closure below the range. This will allow the price to move to the next support of 1.0607
The longer the range lasts, the stronger it becomes and the moment we see a breakthrough, there will be a clear movement in the direction of the breakthrough. This will be a good opportunity for another trade.
If this analysis has helped you, then like, comment and follow us!
EURCHF a noisy move 🦐EURCHF on the weekly chart is still inside 2 major structures between 1.08500 and 1.0700 areas.
The market is moving in an extremely noisy way changing direction with big spikes.
At the moment the price is moving in a minor retracement channel.
If the price will break above the minor structure, we can set a nice long order according to Plancton's strategy.
For a safer trade, we would wait the break of the main structures.
–––––
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.
Possible trend shift in EURCHF – going longThe Tidal Shift Strategy has just bought EURCHF at 1.07886. The system recommends entering this trade at any price between 1.07814 and 1.07958. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 3.15396, which suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is 0.00058, so the stop loss has been set at 1.07596. 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.
Signal ID: 73579
Time Issued: Thursday, 08 October 2020 00:00:15 GMT
Status: open
Entry: 1.07814 - 1.07958
Limit: N/A
Stop Loss: 1.07596
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 interests 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 here.
Past Performance is not an indicator of future results.
EURCHF a short term move 🦐EURCHF on the weekly and daily channel still look noisy and in a tight range between aa weekly and a monthly structure.
On the 4h chart the market created a minor descending channel and price is now testing support.
Being risky to trade with such volatility if the market will break and close below the structure we can set a short order according to Plancton's strategy
–––––
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
EURCHF - SWING - 05. OCTO. 2020Welcome to our weekly trade setup ( EURCHF )!
-
1 HOUR
Bullish pressure and price action.
4 HOUR
Price back in range, good long positions!
DAILY
Overall sideways market forming another high..
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FOREX SWING
BUY EURCHF
ENTRY LEVEL @ 1.07890
SL @ 1.07660
TP @ 1.08220
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
EUR/CHF - Free 3:1 Long Setup.EURCHF - Short term (until the end of week)
We look to Buy at 1.0737
We will cut loss at - 1.0719
Our profit targets will be 1.0789 and 1.0799
Risk to reward ratio - 2,9:1
Preferred trade is to buy on dips.
Price action continued to range between key support & resistance (1.0733 - 1.0830) and we expect this to continue.
We look to trade current range.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.0737, resulting in improved risk/reward.
Dips continue to attract buyers.
Resistance : 1.0800 / 1.0817 / 1.0830
Support : 1.0785 / 1.0760 / 1.0745
Signal Centre
EURCHF a noisy move 🦐EURCHF after breaking above the minor structure at the 1.08 area melted below and tested the 1.07750 support area..
The price went for a retest of the area at 1.08 didnt manage to break above.
IF the price will break below the support area at 1.07750 and consequently break the ascending channel we can set a nice short order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.