Get started

Eur-chf

EURCHF Long term downtrend but this Support is holding.EURCHF is trading inside a Channel Down since January and recently priced the latest Lower High. We approach Support (1) which is a level that has held since July 27th. Trading Plan: 1. Buy as long as a (1d) candle doesn't close under Support (1). 2. Sell if it closes under it. Targets: 1. 0.96500 (top of Channel Down). 2. 0.93800 (-3.30% decline from the top, as all the bearish legs of the Channel Down have done so far). Tips: 1. The MACD (1d) is under a Sell Cross. This favors the bearish trend, this is why the stop loss conditions should be so strict (candle closing under Support 1). Please like, follow and comment!! Notes: Past trading plan:
by TradingBrokersView
1
EURCHF broke above the 1D MA50. Bullish signal.The EURCHF pair broke above the 1D MA50 (blue trend-line) and closed yesterday's 1D candle exactly on it. This is the first bullish signal we encounter since the June 12 1D MA50 break-out. The long-term pattern is a Channel Down but since July 27, the price has been holding the 0.952250 level (Support 1) as well as the 0.96510 (Resistance 1). As a result, we have the opportunity for a short-term buy if a 1D candle closes above the 1D MA50. Our target will be Resistance 1 (0.965100), which is also where contact with the 1D MA100 (green trend-line) is expected to be made. The 1D MA100 has been the target during the previous Lower High formation (June 22 2023). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURCHF to cap the gains again?EURCHF - 24h expiry 0.9600 continues to hold back the bulls. Risk/reward is ample to call a sell trade. The primary trend remains bearish. The preferred trade is to sell into rallies. 0.9599 has been pivotal. We look to Sell at 0.9597 (stop at 0.9617) Our profit targets will be 0.9547 and 0.9537 Resistance: 0.9595 / 0.9603 / 0.9620 Support: 0.9580 / 0.9565 / 0.9550 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
✨ NEW: EURCHF ✨ UT SWING ✨-SL @ 1.0100 🚫 (conservative) -SL @ 1.0080 🚫 (aggressive) SLO @ 1.0025 ⏳ TP5 @ 1.0000 (closing ALL Buy Positions) TP4 @ 0.9950 (shaving) TP3 @ 0.9830 (shaving) TP2 @ 0.9755 (shaving) TP1 @ 0.9640 (shaving) BLO1 @ 0.9490 ⏳ BLO2 @ 0.9465 ⏳ -SL @ 0.9430 🚫(aggressive) -SL @ 0.9400 🚫 (conservative) CURVE ANALYSIS Based on the 1-day timeframe, the EURCHF curve analysis is still bearish ( TEMPORARILY ). The Swiss National Bank (SNB) has been keeping interest rates low, which makes the Swiss franc an attractive haven currency. This has been putting downward pressure on the euro. The price has been trending downward since August 11, 2023, and the RSI indicator is approaching oversold levels. However, Price Action has entered the Demand Zone, which suggests that IN THE NEAR FUTURE the EURCHF is likely to experience a trend change to the upside: — The price has been trading above the 200-day moving average for the past few days. — The MACD indicator has crossed above the signal line. — The RSI indicator is in the oversold territory.
Long
by ProfessorCEWard
EURCHF Buy opportunity on a MACD Bullish Cross.The EURCHF pair eventually hit our 0.95555 bearish target as set by our sell signal in June (see chart below): The price is now past a 1D MACD Bullish Cross and on the bullish wave of the 7 month Channel Down. We therefore go long again targeting Resistance 1 at 0.96510 on the short-term and if a 1D candle closes above it, we will extend it towards the 1D MA100 (green trend-line) at 0.97100. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot