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.
Eur-chf
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
EURCHF | Strong Reason for Downtrend to ContinuePlease support this idea with LIKE if you find it useful.
Initiate Short.
Entry - 1.06000
TP1 - 1.03126
TP2 - 0.99561
TP3 - 0.96515
SL - 1.06841
Reason: Strong Bearish Candle formed strong resistance zone for the price and we see this zone was not beaten. The price can continue declining and lost the whole range of this Bearish candle. Also the price broke out of the range and broke the ichi cloud. If price break S1 we can go short.
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.
23 DEC 2019 EURCHF LONG/SELLHello everyone, today i was looking this chart in 4h and i saw a cool opportunity:
now the price is going up at the level from 1.09250 to 1.09400 so we can but it; after that we can sell it and set a long tp because the price will go very low.
Happy trading to all!
Here is the link of my telegram group t.me
EUR/CHF DOWN-TREND CONTINUATIONPOTENTIAL TRADE: EUR/CHF
Here we have bearish market structure very evidently present. This currency pair has been printing new lows and has failed to create new highs over the past 41 days.
We expect this pattern to continue. Short positions look appealing with stops placed 30-40 pips above previous resistance structure.
Eurchf market overview and trade ideasLagarde’s surprisingly dovish presser from the U.S. session spooked EUR bulls and this anti-EUR sentiment carried over to the Asian session. The pair looks like it could retrace above the previous area of interest or around daily pivots R2 or 50% of Fibonacci retracement as because the short term moving average may suggest bullish trend but actually the long term indicate us it remains bearish still on the 1-hour time frame.
Another rejection from the previous area of interest or rejection from descending trend line or from any Fibonacci retracement levels as mention above could send the pair beyond the level 1.06999. A break above the 50% Fib, descending trendline, daily pivot levels any and 200 SMA could signal for a move back up to the 1.0790 but to be honest with the current situation of eurozone I feel less supportive for the euro currency after Lagarde told a news conference that risks to growth in the eurozone remained tilted to the downside and which overall tone as dovish for me including other traders I assume plus knowing that today german outlook only doing fine overall but leaving eurozone Manufacturing PMI (Jan) only fine not the service and Markit Composite bull traders got no much reason to boost the euro higher.
EURCHF inside long term support zone, one more dumpEURCHF might provide a nice short/mid term trade here. Moved a bit up today but at the moment already failing. Been watching it for a few weeks now, think we might be closing in on a nice setup. Assumption is, one more stop hunt as i am showing here on the right. To prevent guessing, i am going to wait for that yellow circle. So want to see a break of the low, see a decent drop but then seeing it hold. Hopefully seeing something what looks like a bear flag, but isn't one. That is what i will wait for.
A second version could be, if this theory plays out, is a V shape low as the red line is showing. That is usually a strong sign as well, would mean we miss the perfect entry, but rather miss perfect entry than gamble.
So something to watch for the coming days.
Trend Trade With A Pullback DueThis pair has been on a downward trend. I am actually curious to see can it make the monthly or not.
A pullback should appear before it continues further down. It's pretty much near rock bottom of the charts. So I'm looking for pullbacks and reversals for this pair.
For the time being, trading with the trend is key for this pair until it shows otherwise.
BEAR TPS:
• 1.06861
• 106284
BULL TPS:
• 1.07600
• 1.07808
• 1.08210
EURCHF, Euro - Swiss Franc: Trailing StopFX:EURCHF
After the breakout of the historic support of 1.1770, Euro suffered the strength of the Swiss Franc.
Subsequently a Symmetrical Triangle / Head & Shoulders with dynamic neckline had formed, which brought this cross even more downward and now aims strong to reach the technical Take Profit.
ridethepig | EURCHF Market Commentary 2020.15.01CHF a clear winner in the G10 space has been a finding strong bid via smart money smelling the markets strength of conviction in the SNB ability to intervene decreasing. Positioning is far from stretched, meaning there is plenty of room left on the boat.
For those tracking the USDCHF flows 0.970x remains the key level to track:
The technical picture is clearer in EURCHF in my books, a clean breakdown in play with eyes on the C leg completing at 1.06xx. I have switched to the sell side after the recent breakdown and actively adding shorts in the 1.08xx handle.
The 1.06xx handle will become very attractive for longs next month... good luck all trading the selloff into end of Jan.
EURCHF 4hour Analysis 1/11/20EURCHF Short Idea
The monthly, weekly, daily & 4hour timeframes are all very bearish
Current price action on this 4hour timeframe is retesting the 4hour 61.8% fib level where we will look for strong bearish setups to confirm this continuation
Ideally rejection + a lower high formation + bearish setups in this area would be confirmation enough to short
We are looking to target toward the -61.8% fib level around 1.07400
Eurchf buy Near term Hi All ,
If we risk a buy with entry from 1.07996 and sl @ 1.07734. i have marked the two important structure with a black circle , Price has tried to break this structure 4times and a strong push up and then back . so far we stay above .078 we should target 1.09427 first target with an extension of 1.10669.
EURCHF: A solid buy setup is about to be valid!The chart pretty much explains exactly what we are preparing to do on EURCHF, go long!
But... yeap, we focus on being professional and "following" the markets without making crazy price predictions as we are no guru's or wizards and we surely have no crystal ball to predict the moves.
It is our duty and ongoing responsibility to be proactive and reactive at the same time to our charts and follow our basic analysis process of Past, Present, Future.
In short... we decide on Monday what we will do, but so far indications are we could be buying this one!