✨ 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.
Eur-chf
EURCHF: Important Zone to Watch 🇪🇺🇺🇸
EURCHF is trading in a long-term bearish trend.
After a consolidation, the price violated a key horizontal support and closed below that.
The broken structure and a major falling trend line now compose the contracting zone of supply.
I will expect a bearish movement from that at least to 0.953 support.
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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.
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EURCHF Potential DownsidesHey Traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.96300 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.96300 support and resistance zone.
Trade safe, Joe.
EURCHF Potential DownsidesHey Traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.96500 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.96500 support and resistance zone.
Trade safe, Joe.
EURCHF Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring EURCHF for a selling opportunity around 0.96100 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.96100 support and resistance zone.
Trade safe, Joe.
✨ 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
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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.
EURCHF Potential DownsidesHey Traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.97100 zone, EURCHF was trading in an uptrend and successfully managed to break it out. currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
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).
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EURCHF Potential downsides Hey Traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.98100 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.981 support and resistance zone.
Trade safe, Joe.
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.
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EURCHF to find buyers at current range?EURCHF - 24h expiry
Bespoke support is located at 0.9755.
Previous resistance at 0.9755 now becomes support.
0.9750 continues to hold back the bears.
We look to buy dips.
Daily signals are mildly bullish.
We look to Buy at 0.9753 (stop at 0.9729)
Our profit targets will be 0.9813 and 0.9823
Resistance: 0.9795 / 0.9815 / 0.9830
Support: 0.9778 / 0.9765 / 0.9750
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.
EURCHF to find support at previous resistance?EURCHF - 24h expiry
Bespoke support is located at 0.9755.
Previous resistance at 0.9755 now becomes support.
0.9750 continues to hold back the bears.
We look to buy dips.
Daily signals are mildly bullish.
We look to Buy at 0.9754 (stop at 0.9730)
Our profit targets will be 0.9814 and 0.9824
Resistance: 0.9780 / 0.9795 / 0.9815
Support: 0.9765 / 0.9750 / 0.9730
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.
🔥 NEW: EURCHF 🔥 BIG PICTURE (1M) 🔥-SL @ 1.2066 🚫
SLO2 @ 1.1850 ⏳
SLO1 @ 1.1600 ⏳
TP4 @ 1.1475 (closing ALL Buy Orders)
TP3 @ 1.1033 (shaving 25%)
TP2 @ 1.0755 (shaving 25%)
TP1 @ 1.0333 (shaving 25%)
BLO1 @ 0.9920 ⏳
BLO2 @ 0.9666 ⏳
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EURCHF Selling Opportunity for Next Wave DownThe EURCHF downtrend remains firmly intact, with the support zone successfully transitioning into a robust resistance area. The price action consistently adheres to the downtrend trendline, and today we observe EURCHF retesting this trendline. This presents a compelling opportunity for sellers to enter the market and anticipate the next downward wave.
In the event that the resistance area proves formidable, EURCHF is likely to target the 161.8% Fibonacci support level. However, it is important to note that achieving this target may require several weeks, if not months, to materialize. Patience and careful monitoring of the price action will be key in navigating the ongoing trend in EURCHF.