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Eur-chf

EUR/CHF ready to roll (over)?EUR/CHF posted a decent rally from its October low, yet we're yet to see a meaningful pullback. But one may be near. A 2-bar bearish reversal has formed at a resistance zone and the 200-day EMA. Tuesday's high is also a lower high in relation to the September high. From here we're looking for some bearish mean reversion towards the monthly pivot. What makes us unsure of whether it's a to revert to the dominant, bearish trend is the depth of the bounce into resistance. But for now, the path of least resistance could be lower over the near-term.
Short
by CityIndex
EURCHF - Now OverBought ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, attached on the chart, we have been looking for buy setups around the lower bound of the red channel. EURCHF traded higher and it is now approaching the upper bound of the channel again. Moreover, the zone 0.97 is a strong resistance. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline acting as a non-horizontal resistance. As per my trading style: As EURCHF is sitting around the upper red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Knowing that EURCHF can still test the 0.97 resistance before going down. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
6
EURCHF Sell opportunity near the top of the Channel Down.More than a month ago (September 19) we gave a short-term buy signal on the EURCHF pair (see chart below) that quickly hit its target: The price is now ranged within the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) near not only the top of the 10-month Channel Down but also the Lower Highs trend-line from September 20 2021. The MACD is on a similar pattern as March 02. We are taking this as a sell signal, targeting Support 1 at 0.941850. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
EURCHF Long term downtrend but this Support is holding.EURCHF is trading inside a Channel Down since January and recently priced the latest Lower High. We approach Support (1) which is a level that has held since July 27th. Trading Plan: 1. Buy as long as a (1d) candle doesn't close under Support (1). 2. Sell if it closes under it. Targets: 1. 0.96500 (top of Channel Down). 2. 0.93800 (-3.30% decline from the top, as all the bearish legs of the Channel Down have done so far). Tips: 1. The MACD (1d) is under a Sell Cross. This favors the bearish trend, this is why the stop loss conditions should be so strict (candle closing under Support 1). Please like, follow and comment!! Notes: Past trading plan:
by TradingBrokersView
1
EURCHF broke above the 1D MA50. Bullish signal.The EURCHF pair broke above the 1D MA50 (blue trend-line) and closed yesterday's 1D candle exactly on it. This is the first bullish signal we encounter since the June 12 1D MA50 break-out. The long-term pattern is a Channel Down but since July 27, the price has been holding the 0.952250 level (Support 1) as well as the 0.96510 (Resistance 1). As a result, we have the opportunity for a short-term buy if a 1D candle closes above the 1D MA50. Our target will be Resistance 1 (0.965100), which is also where contact with the 1D MA100 (green trend-line) is expected to be made. The 1D MA100 has been the target during the previous Lower High formation (June 22 2023). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURCHF to cap the gains again?EURCHF - 24h expiry 0.9600 continues to hold back the bulls. Risk/reward is ample to call a sell trade. The primary trend remains bearish. The preferred trade is to sell into rallies. 0.9599 has been pivotal. We look to Sell at 0.9597 (stop at 0.9617) Our profit targets will be 0.9547 and 0.9537 Resistance: 0.9595 / 0.9603 / 0.9620 Support: 0.9580 / 0.9565 / 0.9550 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA