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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 Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! 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.
Long
by Monfex_UK
1
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.
Long
by FXCM
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.
Long
by FXTM