Eur-chf
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.
EURCHF to find support at previous resistance?EURCHF - 24h expiry
Our short term bias remains positive.
Previous resistance, now becomes support at 0.9785.
We look to buy dips.
20 4hour EMA is at 0.9776.
There is no clear indication that the upward move is coming to an end.
We look to Buy at 0.9783 (stop at 0.9763)
Our profit targets will be 0.9833 and 0.9843
Resistance: 0.9800 / 0.9820 / 0.9835
Support: 0.9785 / 0.9765 / 0.9755
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, Next week, our focus will be on observing EURCHF for a potential selling opportunity within the range of 0.98500. EURCHF is currently experiencing a downward trend and is presently undergoing a corrective phase. During this phase, it is nearing the significant support and resistance zone located at 0.98500, which serves as a key reference point in the overall trend.
Trade safe, Joe.
EURCHF Sell opportunity inside the Channel DownEURCHF is on its 1day MA50, trading inside a Channel Down pattern.
That is a Lower High with a maximum extension going as high as the 1day MA200.
Sell now and target 0.95500. If you take the additional sell on the 1day MA200, target Support A at 0.964500.
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EURCHF to find buyers at market?EURCHF - 24h expiry
Our bespoke resistance of 0.9750 has been clearly broken.
Previous resistance at 0.9750 now becomes support.
A lower correction is expected.
We look to buy dips.
Short term bias has turned positive.
We look to Buy at 0.9745 (stop at 0.9725)
Our profit targets will be 0.9795 and 0.9805
Resistance: 0.9770 / 0.9780 / 0.9787
Support: 0.9760 / 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.
EURCHF potential bullsih expansionPrice fell rapidly leaving behind a huge imbalance where it preceded to tap into an established demand zone. It then broke structure to the upside on a lt. Thisower timeframe, which could be the start of the move up to fill in the imbalance above. Price also formed liquidity at the to of the main structure which it could potentially target. This has now presented an opportunity to join in on the ride to the upside.
EURCHF to stem dip at swing lows?EURCHF - 24h expiry
We are trading at oversold extremes.
0.9680 continues to hold back the bears.
Bespoke support is located at 0.9680.
0.9677 has been pivotal.
Support is located at 0.9680 and should stem dips to this area.
We look to Buy at 0.9681 (stop at 0.9661)
Our profit targets will be 0.9731 and 0.9741
Resistance: 0.9700 / 0.9710 / 0.9725
Support: 0.9690 / 0.9680 / 0.9672
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 Bearish signal targeting 0.9555.The EURCHF pair is trading within a Channel Up since the March 23 High, below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), which formed a Death Cross a few days ago, the first such bearish pattern since August 02 2021.
The emerging MACD Bearish Cross will be the final confirmation signal ahead of the next downside target, as every Bearish Cross delivered considerable downside after its formation. You can set an immediate target at 0.964500 (Support 1). Our medium-term target is Support 2 at 0.955500.
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EURCHF Potential DownsidesHey Traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.97400 zone, EURCHF is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.97400 support and resistance zone.
Trade safe, Joe.
EURCHF to breakdown at 32-week lows?EURCHF - 24h expiry
Trades at the lowest level in 32 weeks.
There is no clear indication that the downward move is coming to an end.
The previous swing low is located at 0.9677.
A break of the recent low at 0.9674 should result in a further move lower.
We look for losses to be extended today.
We look to Sell a break of 0.9673 (stop at 0.9693
Our profit targets will be 0.9623 and 0.9613
Resistance: 0.9688 / 0.9700 / 0.9720
Support: 0.9674 / 0.9660 / 0.9640
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.