Get started

Eur-chf

HEAD and SHOULDER PATTERN on EURCHF (Crucial point)Hello guys. Here is our analysis on EURCHF. As we can see that the pair is forming a HEAD AND SHOULDER PATTERN. It has already formed its left shoulder and its head. The pair is also at its support point, so its very interesting to see what the pair does. If the pair bounces back it will make the right shoulder. If it breaks the support then it will fall till the next support. Let us know your views guys. Follow for confirmation for TP and SL. thanks. Ryan.R.Lopes
Long
by Ryan_lopes
8
Don't miss the great buy opportunity in EURCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.0665). 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 uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 53. Take Profits: TP1= @ 1.0730 TP2= @ 1.0810 TP3= @ 1.1058 SL= Break below S2
Long
by ForecastCity
13
Don't miss the great buy opportunity in EURCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.0665). 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 uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 53. Take Profits: TP1= @ 1.0730 TP2= @ 1.0810 TP3= @ 1.1058 SL= Break below S2
Long
by ForecastCity
24
$EURCHF - Swiss National Bank InterveningHey all. Something to note on EURCHF... The Swiss National Bank want a weaker Swiss Franc. To weaken the Franc,they conduct many different market operations. One of course is to buy US equities and the other is to increase their holdings of foreign currencies. Just last week, the Swiss National Bank increased their 'sigh deposits' of the dollar and euro by about 2.1bn CHF, the largest weekly increase in quite some time. Naturally if you look at that chart you can see why. It's a massive support level and a clear break would lead to a huge euro depreciation versus the Swiss Franc. This would be adverse to the Bank's aims. The problem is, however, that the US has placed the bank on the currency manipulator list and they might have their hands tied in terms of the extent to which they can devalue the Swiss Franc. My thoughts, however, are that the euro is structurally too weak to sustain any real appreciation versus the franc. We have many political problems now within the EU with regards to budgets, but also in France and Germany politically, and with the new Basel regulations potentially causing a credit crunch across European banks over the next few years due to higher capital requirements, the banking sector of the bloc looks weak too. There is one saving grace perhaps, and that is if the euro funding trade unwinds, but I do not think that this will happen to any real extent yet. I'd say that we range along this support for a while and then we start to see gradual dips lower as the Eurozone faces further deterioration in data.
Short
by FinkPro
1
EURCHF Daily Analysis 2/23/20Eurchf Short Idea All significant timeframes have been very bearish as that seems to be the case with most eurxxx pairs. Because this is such a steep trend and price action has just been falling we have limited options. Price action could keep this bearish momentum and continue falling into our monthly support level around 1.04000 We see a long awaited pullback to a key prz level and key resistance. From here we could look to enter on signs of a bearish trend continuation. Either way we are looking to short and target down toward our monthly support around 1.04000
Short
by ForexLeague
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