EURCHF Channel Down bottoming and giving a buy opportunity.The EURCHF pair has been trading within a Channel Down pattern on the 4H time-frame and is on its second Bearish Leg, pressured below the 4H MA50 (blue trend-line) since November 08.
Having hit the 0.236 Channel Fib, the current forming of Lower Lows is similar to the bottom pattern formed on October 01. Even the 4H RSI sequences between the two fractals are identical, both on a Double Bottom that was the signal to buy at that time.
Our Target is 0.93500, still below the 0.5 Fibonacci retracement (blue), which was broken during the October rebound.
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EURCHF
EUR/CHF at a Critical Juncture: Will It Move Higher?The EUR/CHF pair has been experiencing a prolonged downtrend over the past few months, with consistent declines culminating in a record low of 0.9208. This scenario underscores strong seller dominance, as the market continually tests new support levels.
Descending Triangle Analysis
Currently, EUR/CHF is consolidating within a descending triangle pattern. This formation is characterised by a horizontal support line at the base and a descending trend line at the top. It indicates a temporary balance between buyers and sellers, although with escalating selling pressure as each peak becomes lower. Historically, the descending triangle is viewed as a continuation pattern, suggesting a higher likelihood of a breakout in the direction of the prevailing trend, which in this instance is downward. However, the horizontal support around 0.9305 has emerged as a psychologically significant level, acting as a protective barrier for buyers.
False Breakout of Support
On 19 November, EUR/CHF exhibited a false breakout below this support level, with the price momentarily breaching it. The presence of long lower shadows on the candles indicates a substantial rejection of selling pressure. This behaviour may suggest that, at least in the short term, buyers still maintain the ability to defend this critical level.
Additionally, analysing the candle formations at the support provides insights into market sentiment. The emergence of long lower shadows implies that, despite a prevailing bearish environment, active buyers perceive value at current price levels. This rejection may open doors for a potential recovery, particularly if there is a convincing breakout above the descending trend line of the triangle.
The sellers' behaviour is also notable: their inability to generate higher highs indicates that while they are persistently pushing prices lower, this pressure is gradually being absorbed by buyers at lower levels. This dynamic interplay of forces makes triangles a critical pattern to monitor, as any breakout—upwards or downwards—typically results in substantial price movement.
The key now is to observe whether buyers can gather enough strength to breach the downtrend line, which could invalidate the classic continuation pattern and signify a potential reversal or at least a more pronounced corrective movement. Conversely, if sellers effectively break through the horizontal support without significant rejections, the triangle will confirm its continuation structure, allowing the downtrend to extend.
Bullish Scenario
If the price manages to break above the triangle’s downtrend line, it could signify a reversal or at least a considerable correction. The initial target for this upward movement would be:
First Target: The 0.9500 region, marking the next recent high.
Final Target: The 0.9770 level, which represents a significant peak in recent months.
A breakout of the upper trend line, supported by confirmations such as increased volume or bullish candlestick patterns, would enhance the potential for upward movement.
Bearish Scenario
Alternatively, if the support at 0.9305 is broken, EUR/CHF may continue its downward trajectory. Such a breach would align with the descending triangle formation, with potential targets including:
First Support: 0.9250 (a psychologically important level and previous support zone).
Final Support: 0.9200 or lower, potentially exploring uncharted territory.
EUR/CHF stands at a decisive moment. The rejection observed at support and the formation of the triangle provide opportunities in both directions. Monitoring price action against the upper trend line and horizontal support will be crucial for identifying the next significant move in this evolving market landscape.
Disclaimer:
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EURCHF - 4hrs ( Sell Trade Target Range 140 PIP ) 🟢 Pair Name :EUR/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Short )
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Bearish Break
0.93250
Reasons
- Major Turn level
- Visible Range Value
- Pattern BReak
- Choch Zone
- P / Week low
Bullish Reversal
0.92000 area
Reasons
- Major Turn level
- Pattern Target
- Fibo Golden
- P / Year Low
- Choch Zone
USDCHF HEAD AND SHOULDERSThe USD/CHF currency pair has recently exhibited a downward trend, driven by several key factors. Macroeconomic uncertainties, including global economic slowdown and geopolitical tensions, have increased demand for safe-haven assets like the Swiss franc, putting downward pressure on the pair. Divergent monetary policies, with the Federal Reserve maintaining a hawkish stance while the Swiss National Bank adopts a more neutral approach, further contribute to the pair's decline. Technical indicators also suggest bearish momentum, with breaches of significant support levels and potential moves below key moving averages. Traders should closely monitor economic data and central bank communications to inform their strategies.
+ head and shoulders = going down
EURUSD NEXT MOVEAfter a downtrend, the fundamental lines of this asset tend to show, as BTC, a new bearish position ready to launch ;
however the downtrend might still attract the price down, causing more of a zigzag kinda pattern, only time will tell ;
these arrows show the change of direction the price is taking about now.
EURCHF Technical Analysis! BUY!
My dear friends,
My technical analysis for EURCHF is below:
The market is trading on 0.9373 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.9394
Recommended Stop Loss - 0.9361
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURCHF Technical Analysis! BUY!
My dear subscribers,
This is my opinion on the EURCHF next move:
The instrument tests an important psychological level 0.9364
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.9388
My Stop Loss - 0.9347
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
EUR/CHF BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
The BB lower band is nearby so EUR-CHF is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 0.939.
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EURCHF Will Go Lower! Short!
Take a look at our analysis for EURCHF.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.939.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.938 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURCHF Technical Analysis! SELL!
My dear subscribers,
EURCHF looks like it will make a good move, and here are the details:
The market is trading on 0.9402 pivot level.
Bias - Bearish
My Stop Loss - 0.9412
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9383
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EUR/CHF BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
EUR/CHF is making a bearish pullback on the 1H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 0.943 level.
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EURCHF - Long from bullish OB !!Hello traders!
‼️ This is my perspective on EURCHF.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I want price to make a retracement to fill the imbalance lower and then to reject from bullish OB.
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EURCHF: Bearish Continuation & Short Signal
EURCHF
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell EURCHF
Entry - 0.9421
Stop - 0.9444
Take - 0.9379
Our Risk - 1%
Start protection of your profits from lower levels
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XAUUSD IS BACK !With a little more drawdown today and the beginning of next week, XAUUSD has showed everyone what it was capable of the past few days by reaching such high levels ;
It has to bounce on the double uptrend green limit, then go up and wait a little for the 5th of november ;
on this day markets will go nuts for every asset, so it seems like gold might be going for a big rally to the 2780/90s