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Eur-chf

EURCHF on a major support zone / Weekly chart by ThinkingAntsOkUse this as a guide to develop your view of the chart: Main items we can see on the Weekly chart: a)Currently, we are on a significant support zone that has been working since February 2015 b)We will expect a reaction there with similar proportions to the ones that we saw on the past c)The next target is 1.08261 (we are using the previous rejection as a reference frame + the resistance of the last corrective structure before the impulse) d)If our Forecast happens. From there we will be developing short and long scenarios depending on the structure that we can see on a lower timeframe such as Daily / 4Hs e)We will not be trading EURCHF now because of the proximity to this zone. Our main idea is to wait for a formation a develop a setup after.
by ThinkingAntsOk
2
ridethepig | EURCHF Market Commentary 2020.01.16A good time to update the daily chart in EURCHF with Euro starting to trade firmer on the crosses and the CHF run beginning to show signs of unwinding. The 1.074x is starting to look very weak and will give way to sweep all the way down towards 1.062x, here looking to increase exposure; should we visit 1.080x I will not hesitate to increase sizings. For those tracking the Long-term macro chart we remain in the same updated map: Currency manipulation is once again a hot topic with US putting China back on the 'nice' list, smelling SNB to become the next deer in the headlights as CHF inflows are impressive and I believe sharp money is going to test the limits. Good luck those in EURCHF - an advanced chart for the move towards 1.06xx.
Short
by ridethepig
EURCHF | Lost Support ZonePlease support this idea with LIKE if you find it useful. Initiate Short. Entry - 1.06411 TP1 - 1.05977 TP2 - 1.05806 TP3 - 1.05647 TP4 - 1.05313 SL - 1.06540 Reason: Price was rejected by Descending Channel's resistance. Lost Pivot Point and support zone. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advise.
Short
by Anpu
3
All Major FX Currencies Indexes..: TLRwealth Analysis :. All Major FX Currencies Indexes. #GBP #USD #xxxJPY #EUR #CHF #AUD #NZD #CAD In this "Idea" and the following others, #TLRwealth will spot the best opportunies by "multi & inter convergences" between all the major #currencies in the #forex market. From Y1 (yearly) timeframe to D1 (daily). And in separated thread ideas, we will detail very each currency index to determine the good side (bullish / bearish) of the market. Y1 Q1 MN1 W1 D1 //------- NOTES : TLRwealth open as few brand new thread as possible. So, please to make this Analysis in Favorite to be notified on new UPDATES. TLRwealth Analysis are optimized for "Portrait Mode" screen or mobile/tablet.
by L.C.Trading
Possible trend shift in EURCHF – going short SELL 1.06925 - 1.07087 Add to Watch List Signal ID: 70502 Time Issued: Tuesday, 04 February 2020 08:00:16 GMT Status: open Entry: 1.06925 - 1.07087 Limit: N/A Stop Loss: 1.07330 The Tidal Shift Strategy has just sold EURCHF at 1.07006. The system recommends entering this trade at any price between 1.06925 and 1.07087. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 11.1045, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00065, so the stop loss has been set at 1.0733. 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.
Short
by FXCM
Possible trendPossible trend shift in EURCHF – going short SELL The Tidal Shift Strategy has just sold EURCHF at 1.07006. The system recommends entering this trade at any price between 1.06925 and 1.07087. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 11.1045, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00065, so the stop loss has been set at 1.0733. 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.
Short
by FXCM
EUR/CHF Macro Analysis / Can 2020 make final low before reverse?Very interesting pair to watch, with huge macro potential to keep in mind! CHF has been one of the best performers this year and still keep strong. Mostly reasons are its safe-haven status which is in 'on' mode now due 'Coronavirus' crisis and SNB's new tag as currency manipulator which puts them on a close watch lately, so further CHF gains are opened even more. So SNB is keen on cutting rates to -1,00 in the response to a rising currency which in return hurts Swiss exports as the main reason for an economic slowdown. Any positive news on a recent virus situation will likely support the upward move, while market is still in focus for any news coming. ''Apparently, the Swiss economy has again adapted to a stronger franc and now can live with a firmer EUR/CHF exchange rate below 1.10, so the SNB can tolerate levels between 1.05 and 1.10 going forward!'' Currency manipulator status brought new franc buyers making currency 'overcrowded', and the negative interest rate carry reduces the attractiveness of buying are the main fundamental reasons (count on possible rate cut too) to expect CHF's rise to slow and or depreciate! EUR is the good counterpart currency to expect rise against CHF due to several technical reasons and secular performance. SECULAR ANALYSIS AND TECHNICAL ANALYSIS: Since November EURO has been the best performing currency by a secular analysis that measures single currency vs 'a type' of neutral asset providing more intrinsic value information for the single currency. My analysis is based on spot gold/currency performance. On the other hand, CHF is fairly 'overcrowded' to say at least! It matches my assumptions on the currency being very close to a turning point this year. If we take in consider technical factors and charts we can see 'Elliot wave' pattern potential completion anytime soon (the last impulse is expected to make the last bottom before reversal) at around 1.05-1.06 levels which are not that far away. The next 1-2 months are expected to be turbulent and any entry before clear pattern confirmation is not recommended! Risk/reward drawing is potentially a good one to consider, but not my final decision as we still wait for the bottom to be confirmed by either horizontal line pattern on candlestick pattern, or combination of both. NOTE: Fair value entry for bulls - 1.05
Long
by fxmonarchy
5