Eur-chf
EUR/CHF long Trade +Hello, Traders!
Monfex is at your service and today we overview EUR/CHF .
This currency pair is moving in a downtrend globally and now the local resistance zone has been overcome and there is the next resistance zone along with the resistance line. By breakout of this line, we can take the target ~ 1.14 .
But it is more inclined to think that there will be a downward rebound from the resistance line, since a strong trend movement and a good trading tone is sell from the main resistance levels.
Active Trade Signal by EUR/CHF
Buy near 1.1020
Take profit ~ 1.1158
Stop loss at 0.986
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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Possible trend shift in EURCHF – going long BUY
1.09909 - 1.10165 Add to Watch List
Signal ID: 68800
Time Issued: Thursday, 17 October 2019 06:00:15 GMT
Status: open
Entry: 1.09909 - 1.10165
Limit: N/A
Stop Loss: 1.09526
The Tidal Shift Strategy has just bought EURCHF at 1.10037. The system recommends entering this trade at any price between 1.09909 and 1.10165. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.25057, which suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is 0.00102, so the stop loss has been set at 1.09526. 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.
EUR/CHF – Bullish outlook is strong The EUR/CHF on the hourly time frame has been following an uptrend recently. The price jumped above the key level of 1.10000 on 11 October to reach the highest level of period under study at 1.10388. Bulls are pushing the price higher as key technical indicators are supporting the bullish trend. The price action in the currency pair is mainly driven by the recent strength in the Euro. As of writing, the price is hovering around 1.10080 with positive MACD and price above 200 period simple moving average.
The hourly chart of the EUR/CHF confirms the positive sentiment in the price movement as the currency pair is making successively higher tops and higher bottoms.
By applying Oscillators Analysis, all three indicators confirm the positive bias in the market. As the chart shows, price is above the 200-period Simple Moving Average. The MACD (Moving Average Convergence/Divergence) is recording values above the zero-line which shows positive sentiment in the currency pair. RSI (Relative Strength Index) showing values above 50 which supports the bullish sentiment.
In alternative scenario, key support level lies at 1.08699. Bears must break this level in order to regain bearish sentiment in the market.
EURCHF week analysis +DAY chart in comment section [130pips]My first weekly analysis, my program showing high chance to see EUR dominatio in next period. Follow me on this idea, lats reach all TPs.
ENTRY: 1.09700
TP1: 1.10100
TP2: 1.10500
TP3: 1.11000
SL: 1.08600
Expecting TP4 i will update late if program parammeters be positive.
Chart time frame - WEEK
Time for reaching TP - 1-5 weeks
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EUR/CHF: Shorting at the top of the rangeHi guys,
I am shorting the pair which is stuck in a range since a few days now.
Stochs and RSI indicate bearish divergence as well.
The R/R ratio is 2 for this trade. The target is at 50% fib retracement between the top and the bottom of the range.
I entered @ 1.09377
TP @ 1.09070
SL @ 1.09525
Trade with care.
Best,
Jesse
EURCHF: Short Trade With Confirmation
hey traders,
EURCHF is standing on key structure resistance level.
Double top formation on a 1 hour chart is a very good indicator of a potential pullback from this level.
for confirmation, I am waiting for a bearish violation of minor support beneath the tops.
target levels will be 1.0915 and 1.088
EURCHF: Short Trade With Confirmation
hey traders,
EURCHF is standing on key structure resistance level.
Double top formation on a 1 hour chart is a very good indicator of a potential pullback from this level.
for confirmation, I am waiting for a bearish violation of minor support beneath the tops.
target levels will be 1.0915 and 1.088
EURCHF - FOREX - 01. OCTO. 2019Welcome to our weekly trade setup ( EURCHF )!
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1 HOUR
Bullish reaction to our support zone.
4 HOUR
In a small H4 Pullback, good short entries.
DAILY
Prices still bearish but price is rising, we need a drop shortly!
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FOREX SETUP
SELL EURCHF
1ST ENTRY @ 1.08930
2ND ENTRY @ 1.09080
SL @ 1.09380
TP @ 1.08440
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(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
Ceiling breakoutEURCHF broke out monthly ceiling Camarilla R4.
OBV did retest of its 50 ema and is pushing up so is the case with AD.
We trade long from Cam R4, Biannual S1 , Quarterly S1 and 200 EMA - all at same area, very strong support level. Stop below monthly Cam R3.
TP1 - monthly Cam R5, TP2 - monthly Cam R6.
Possible trend shift in EURCHF – going short SELL
1.08458 - 1.08668 Add to Watch List
Signal ID: 68321
Time Issued: Tuesday, 24 September 2019 18:00:15 GMT
Status: open
Entry: 1.08458 - 1.08668
Limit: N/A
Stop Loss: 1.08984
The Tidal Shift Strategy has just sold EURCHF at 1.08563. The system recommends entering this trade at any price between 1.08458 and 1.08668. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 3.70452, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00084, so the stop loss has been set at 1.08984. 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.