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Eur-chf

✨ 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
✨ NEW: EURCHF ✨ LONG TERM SWING ✨SLO @ 0.9625 TP4 @ 0.9610 (shaving) TP3 @ 0.9590 (shaving) TP2 @ 0.9580 (shaving) TP1 @ 0.9566 (shaving) BSO @ 0.9555 ⏳ -SL @ 0.9530 If the Pivot Low hold up, we can then use this range as our Curve Analysis and hope for some uptrend momentum above 0.9555 To help me better understand this pair, I use the correlation between EURCHF and EURUSD, which is positive 69%. This means that the two currency pairs tend to move in the same direction roughly 70% of the time. Whereas, about 30% of the time, they're negatively correlated. Looking at the history SHORTING is obviously you're best bet. Otherwise, you'll have to use TEMASHA to catch the actual turn to the upside. ⚠️ Because PA is at the ALL Time Low (with no real pivot low), there is NO CURVE to be analyzed. The only thing I see is a BSO @ 0.9555 WE ARE A COMMUNITY BOOST a trade idea to share with others and "pay it forward" FOLLOW to receive alerts of any new posted ideas COMMENT with questions, insight, and expertise JOIN our group chat: receive free analyses on any instrument
Long
by ProfessorCEWard
EURCHF to stall at EURCHF - Intraday There is no clear indication that the downward move is coming to an end. Broken out of the channel formation to the downside. Rallies should be capped by yesterday's high. 50 4-hour EMA is at 0.9661. Preferred trade is to sell into rallies. We look to Sell at 0.9659 (stop at 0.9685) Our profit targets will be 0.9599 and 0.9589 Resistance: 0.9625 / 0.9650 / 0.9670 Support: 0.9603 / 0.9580 / 0.9560 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
EURCHF: Crossed under the 1D MA50. Sell signal activated.EURCHF has closed under the 1D MA50 for the second day in a row, turning the 1D time frame marginally bearish on technicals (RSI = 44.850, MACD = 0.000, ADX = 18.356). That is a clear break out sell signal, so we turn short, targeting the S1 (TP = 0.967250). If the price breaks under the S2, we will short again, aiming at a -3.25% total decline (TP = 0.95250). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
EURCHF Strong sell opportunityEURCHF got rejected this week not just at the top of the 2023 Channel Down but also on the MA200 (1d). A candle closing under the MA50 (1d) can be a confirmation for a long term sell opportunity. Trading Plan: 1. Sell after the price closes a (1d) candle under the MA50. Targets: 1. 2.000 (Rising Support). 2. 3.000 (Resistance 2). Tips: 1. The RSI (1d) broke under the MA line and is on a similar Double Top rejection pattern as the March 23rd top. Please like, follow and comment!!
Short
by TradingBrokersView