EURCHF to find resistance at previous support.EURCHF - Intraday - We look to Sell at 0.9997 (stop at 1.0025)
Trading close to the psychological 1.0000 level.
Previous support at 1.0000 now becomes resistance.
Short term oscillators have turned negative.
We look for a temporary move higher.
Our profit targets will be 0.9928 and 0.9918
Resistance: 0.9970 / 1.0000 / 1.0030
Support: 0.9943 / 0.9920 / 0.9900
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.
Eur-chf
EURCHF to breakdown?EURCHF - Intraday - We look to Sell at 0.9987 (stop at 1.0013)
Expect trading to remain mixed and volatile.
A break of the recent low at 0.9988 should result in a further move lower.
Short term MACD has turned negative.
A higher correction is expected.
Our profit targets will be 0.9922 and 0.9912
Resistance: 1.0020 / 1.0040 / 1.0070
Support: 1.0010 / 0.9988 / 0.9940
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.
EUR/CHF Breakout Above Weekly Resistance 🦐Technical analysis of the EUR/CHF pair on the 4-hour time frame reveals an upward trend within an ascending channel.
After reaching a recent low, the price action started to move higher, forming higher highs and higher lows.
The ascending channel pattern formed as the price action created two parallel trend lines, one acting as resistance and the other as support.
The price initially experiences rejection at the weekly resistance, this is a sign that there is strong selling pressure at that point. However, if the price can successfully break above the resistance, it can indicate that the buying pressure is stronger and that the upward trend may continue.
In such a scenario, traders can place a long order at the break of the resistance, with a stop loss placed below the level according to the Plancton's strategy rules.
It is important to keep in mind that the market can be unpredictable and traders should always have a well-defined risk management strategy in place as we teach in the Academy, as well as monitor the price action and any relevant news and economic releases that may impact the pair.
USD/CHF for weekend ending 1/29/2023The Swiss franc recently dropped to 0.92 per USD, retreating from its 1-year high of 0.916 on January 16th. As I assess the situation, I consider the outlook of monetary tightening by both the Swiss National Bank and the Federal Reserve .
The recent slowdown in Swiss inflation has limited the expectations for further rate hikes by the SNB. According to December's inflation data, the rate fell to 2.8%, below the SNB's target of 3% and market expectations of 2.9%. Despite this, the Chairman of the SNB, Jordan, has stated that further rate hikes shouldn't be ruled out, as second-round inflationary pressures still linger in the country's economy. Last year, the SNB raised its key rate by 175bps, taking borrowing costs out of negative territory for the first time since 2011.
According to our neural network based forecasting model, the Swiss Franc is estimated to reach 0.93 by the end of this quarter. The same model and market analysts predict that the Swiss Franc will reach 0.98 in 12 months.
EURCHF - Wait For The Trigger!⏰Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
EURCHF has been overall bearish trading inside the red falling broadening wedge and it is currently sitting around the upper trendline acting as a non-horizontal resistance.
Moreover, the green level 1.0 is a resistance zone and previous major low.
on H1: Right Chart
EURCHF is forming a head and shoulders pattern.
For the bears to take over, we need a momentum candle close below the gray neckline.
Meanwhile, until the sell is activated, EURCHF can still trade higher.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURCHF's bias remains positive.EURCHF - Intraday - We look to Buy at 1.0011 (stop at 0.9985)
Bespoke support is located at 1.0000.
Daily signals are bullish.
We look to buy dips.
Our short term bias remains positive.
Our profit targets will be 1.0076 and 1.0086
Resistance: 1.0067 / 1.0080 / 1.0100
Support: 1.0050 / 1.0030 / 1.0010
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 Some pullback will be good to look for longShould have some correction for us to go on long on lower timeframe.
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Buying into current EURCHF's breakout.EURCHF - Intraday - We look to Buy a break of 0.9926 (stop at 0.9904)
Our short term bias remains positive.
0.9924 has been pivotal.
A break of bespoke resistance at 0.9924, and the move higher is already underway.
Short term momentum is bullish.
We look for gains to be extended today.
Our profit targets will be 0.9981 and 0.9991
Resistance: 0.9913 / 0.9924 / 0.9940
Support: 0.9900 / 0.9885 / 0.9870
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 breaking a range? 🦐EURCHF on the 4h chart after the last bearish impulse retraced at the 0.786 Fibonacci Level with a spike to the 0.886.
The price then tested the 50% value support a few times.
How can i approach this scenario?
If the price will break and close below we will consider a nice short order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURCHF's intraday dips continue to attract.EURCHF - Intraday - We look to Buy at 0.9825 (stop at 0.9805)
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Expect trading to remain mixed and volatile.
Bespoke support is located at 0.9825. A lower correction is expected.
Levels below 0.9830 continue to attract buyers.
Our profit targets will be 0.9875 and 0.9885
Resistance: 0.9880 / 0.9900 / 0.9924
Support: 0.9860 / 0.9850 / 0.9840
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.
Buying EURCHF on dips.EURCHF - Intraday - We look to Buy at 0.9825 (stop at 0.9805)
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Expect trading to remain mixed and volatile.
Bespoke support is located at 0.9825. A lower correction is expected.
Levels below 0.9830 continue to attract buyers.
Our profit targets will be 0.9875 and 0.9885
Resistance: 0.9860 / 0.9880 / 0.9900
Support: 0.9850 / 0.9840 / 0.9830
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 for a lower low? 🦐EURCHF on the 4h chart after the last bearish impulse retraced at the 0.786 Fibonacci Level with a spike to the 0.886.
The price then tested the 50% value support a few times.
How can i approach this scenario?
If the price will break and close below we will consider a nice short order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURCHF Approaching the key level of 1D MA200. Attention.The EURCHF pair has been trading within a Rising Wedge pattern since the November 14 Low. Supported by the 1D MA50 (blue trend-line) but below the 1D MA200 (orange trend-line), this price action, even since September, resembles that since December 2021. The RSI sequences match and the trigger to sell was a Double Top after an initial rejection on the 1D MA200.
As a result, a Double Top rejection around the 1D MA200 would be a bearish signal for us, targeting the 0.964600 Support (1). On the other hand a break above 0.99550 would be bullish targeting the Lower Highs trend-line of the long-term Bearish Megaphone pattern.
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Finding EURCHF's EMA support.EURCHF - Intraday - We look to Buy at 0.9858 (stop at 0.9841)
Short term bias has turned positive.
20 1day EMA is at 0.9858.
Daily signals are mildly bullish.
We look to buy dips.
Trading has been mixed and volatile.
Our profit targets will be 0.9899 and 0.9909
Resistance: 0.9900 / 0.9917 / 0.9940
Support: 0.9880 / 0.9860 / 0.9850
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 break lower?EURCHF - Intraday - We look to Sell a break of 0.9824 (stop at 0.9846)
Short term bias has turned negative.
The trend of lower intraday highs has also been broken.
A break of the recent low at 0.9825 should result in a further move lower.
We look for losses to be extended today.
The bearish engulfing candle on the daily chart is negative for sentiment.
Our profit targets will be 0.9771 and 0.9761
Resistance: 0.9865 / 0.9880 / 0.9900
Support: 0.9850 / 0.9825 / 0.9810
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.