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Eur-chf

EUR/CHF - LONG - ANALYSIS + EXPLANATIONThe "EUR/CHF" has been in a downtrend since March – 2021, and it is obvious that we can expect a trend reversal if necessary. > The EUR is the base currency of the pair and has suffered greatly from the USD (DXY) appreciation. > The CHF is generally seen as a security, which is why the EUR is losing out to them. --> Once the USD (DXY) shows signs of corrective behavior, I personally expect a significant upswing. = What this upswing might look like, I'll let you know in the following lines. Table of contents - 1st part = CURRENT STATE - 2nd part = TARGET ZONE PROPERTIES - 3rd part = CONCLUSION PART ONE Since the end of July until today, a formation has formed, which is also known as the "Head&Shoulders - pattern". --> This is formed in the EUR/CHF "OVERCOME", which is usually ended with a "Bullish" breakout. --> The neckline (breakout line) of the pattern, is located at the resistance line (gold-spiked), which has formed since March / 2020. Thus, it can be concluded that if the pattern breaks out "successfully", we will also break the resistance line. After the break of this resistance line, the following sequence of events would be possible: 1. SHORT-TERM TARGET = 1.618 FIB -> 0.98977 2. TEST = of the broken resistance -> conversion into support 3. TARGET = TARGET ZONE 1 SECOND PART "TARGET ZONES" are drawn on the chart, all of which have "concentrated" resistance characteristics. 1. | TARGET ZONE | 0.99718 - 1.00000 | points RESISTANCE - CHARACTERISTICS - "MSB" (Market Structure Break) | March/2022 LL. - "FIB" (Fibonacci) = 0.328s | Created March/2021 - September/2022 - "POI" (Point of interest) = 1.00000 | Psychologically important resistance level - "MA" (Simple Moving Average) = 8-long | Monthly chart - "ICHIMOKU CLOUD" = Conversion line | Weekly chart + Baseline | Monthly chart - "VP" (Volume Profile) = GAP in the zone | Not much volume traded = little resistance. 2. | TARGET ZONE | 1.00879 - 1.01526 | points RESISTANCE - CHARACTERISTICS - "MSB" (market structure break) | HL of April/2022 - "FIB" (Fibonacci) = 0.618s + 0.65s | Created = May/2022 - September/2022 - "FIB" (Fibonacci) = 1.618s | Originated = 02/09/2022 - 26/09/2022 - "POI" (Point of interest) = 1.01000 | Psychologically important resistance - "MA" (Simple Moving Average) = 50-length | weekly chart + 200-length | daily chart - "ICHIMOKU CLOUD" = no resistance in the HTF (Higher time frame) time levels T / W / M - "VP" (Volume Profile) = small volume | not much past traded volume = little resistance to the upside . 3. | TARGET ZONE | 1.02391 - 1.02791 | points RESISTANCE - CHARACTERISTICS - "RESISTANCE LINE" | Created September/2021 (4x touches). - "FIB" (Fibonacci) = 0.75s + 0.786s | Created = May/2022 - September/2022 - "POI" (Point of interest) = 1.02500 | Psychologically important resistance level - "SUPPLY ZONE" = | Monthly chart - "ICHIMOKU CLOUD" = Cloud resistance | Weekly chart + Conversion line | Monthly chart - "VP" (Volume Profile) = Strong Volume | Much Past Traded Volume = Major Resistance. X. | POI ZONE | 1.03736 - 1.03936 | Points RESISTANCE - CHARACTERISTICS - "FIB" (Fibonacci) = 0.88s | Originated = May/2022 - September/2022 - "POI" (Point of interest) = 1,04000 | Psychologically important resistance - "SUPPLY ZONES" = | Daily + Weekly chart - "VP" (Volume Profile) = Strongest volume | Highest past traded volume concentration = Very large resistance. - "MA" (Simple Moving Average) = 50-length | monthly chart. - "ICHIMOKU CLOUD" = no resistance in HTF (Higher time frame) time levels T / W / M 4th | TARGET ZONE | 1.04839 - 1.05398 | points RESISTANCE PROPERTIES - "FIB" (Fibonacci) = 0.618s + 0.65s | Created March/2021 - September/2022 - "POI" (Point of interest) = 1.05000 | Psychologically important resistance level - "MA" (Simple Moving Average) = 100-length | weekly chart + 50-length | monthly chart - SUPPLY ZONES" = daily + weekly + monthly chart - "VP" (Volume Profile) = GAP in the zone | Not much past traded volume = little resistance to the upside. CONCLUSION You now know what the scenario for "EUR/CHF" could look like. The following conditions must be met: - DXY (USD) starts to CORRECT = pressure way fall for the EUR -> EUR more dominant than CHF - BREAKOUT of the H&S pattern -> OVERCOME the resistance line + successful back-test = transformation into a support line. - DEVELOPMENT of the individual ZONES and their relevant resistance properties. PS: + I have once taken the liberty to draw a possible "course", so you can see how it could run. + Many of the indicators described are not visible in the chart, so that a clear view remains. -> Feel free to discuss it in the comments and share our perspectives, I'd be "burning" to hear your take on the whole thing. If this idea and explanation has added value to you, I would be very happy to receive a review of it. Thank you and happy trading! For anyone who would still enjoy the other HTF and want to hide all the "noise" - following the weekly and monthly chart.
Long
by ZielIstDieAutarkie
EURCHF to find resistance at daily EMA?EURCHF - 24h expiry Daily signals are bearish. There is no clear indication that the downward move is coming to an end. Preferred trade is to sell into rallies. 20 1day EMA is at 0.9788. We are trading at oversold extremes. We look to Sell at 0.9788 (stop at 0.9808) Our profit targets will be 0.9738 and 0.9728 Resistance: 0.9740 / 0.9760 / 0.9775 Support: 0.9725 / 0.9710 / 0.9700 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 - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), we were looking for sell setups as EURCHF has been sitting around the upper brown trendline. Now EURCHF is approaching the lower bound trendline. Moreover, the blue zone is a strong support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. (acting as non-horizontal support) As per my trading style: As EURCHF is sitting around the lower the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
6
EURCHF Buy opportunity a little lower.The EURCHF pair is now trading below the 1D MA200 (orange trend-line) for the 5th straight day. This is a downtrend that started after the March 23 High. We are looking to buy lower near Support 1 (0.972500) assuming the 1D candle closes above it and target the September 2021 Lower Highs trend-line at 0.99000. If it closes a 1D candle under Support 1, we will book the loss and take a sell position instead targeting Support 2 at 0.966500. ------------------------------------------------------------------------------- ** 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: Buy opportunity inside this Channel Down.EURCHF is on red 1D technicals (RSI = 39.692, MACD = -0.003, ADX = 65.962) as it is trading at the bottom of the 2023 Channel Down. This is a buy opportunity targeting its top (TP = 0.99500). We will short there as long as the price closes inside the Channel Down and target S1 (TP = 0.97100). The pattern and the long term bearish trend breaks , if the pair closes above the R1, in which case we will buy and target the R2 (TP = 1.01000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
5
EURCHF bias remains negative.EURCHF - 24h expiry - We look to Sell at 0.9833 (stop at 0.9863) Our short-term bias remains negative. Intraday rallies continue to attract sellers and there is no clear indication that this trading sequence is ending. 50 4-hour EMA is at 0.9834. The preferred trade is to sell into rallies. We look for a temporary move higher. Our profit targets will be 0.9763 and 0.9753 Resistance: 0.9795 / 0.9820 / 0.9840 Support: 0.9790 / 0.9775 / 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.
Short
by OANDA
EURCHF Trading plan based on the RSIEURCHF is trading inside a Channel Down after getting rejected on January's Falling Resistance. As long as the Channel Down is intact, the trend is bearish. If broken to the upside, it's bullish. They key to it however seems to be the RSI. Trading Plan: 1. Sell as long as the RSI (1d) remains under its MA line. 2. Buy if it crosses over it. Targets: 1. 0.97500 (near Support 1) 2. 0.99500 (near Falling Resistance). Tips: 1. The RSI (1d) has always given a buy signal when it crossed above its MA ever since the Falling Resistance started. Please like, follow and comment!!
by TradingBrokersView
7
EURCHF bias remains negative.EURCHF - 24h expiry - We look to Sell at 0.9856 (stop at 0.9886) Broken out of the channel formation to the downside. Previous support at 0.9860 now becomes resistance. Our short term bias remains negative. Daily signals are mildly bearish. Preferred trade is to sell into rallies. Our profit targets will be 0.9786 and 0.9776 Resistance: 0.9830 / 0.9845 / 0.9860 Support: 0.9820 / 0.9800 / 0.9780 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 - Bears Took Over, Now What For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), we were looking for sell setups as EURCHF has been sitting around the upper brown trendline. As we trade lower, EURCHF would be approaching the lower trendline in brown. Moreover, the blue zone is a strong support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. (acting as non-horizontal support) As per my trading style: As EURCHF approaches the lower the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
5
EURCHF a turn at the 0.382 Fib 🦐EURCHF on the 4h chart created a perfect double bottom on the recent low. As we know the double bottom play at best ta the end of a doentrend and this is the case. The market started an impulse to the upside and then as the market waves normally do, retrecd to the 0.382 fibonacci level over a support with a spike to the 50% level. How can i approach this scenario? I will wait for the EU market open and IF the price will break above the 4h resistance structure i will consider a nice long order according to the Plancton's strategy rules.
by InkyGrip
6