CHF at Key Technical Support⏰CHF at key levels ⏰
Overview
The Swiss Franc is at key technical support levels on several pairs. The CHF strength is driven by the Israel-Hamas war.
The Details
The support levels will likely not hold if there is further escalation in the region. Expect the support levels to break and ***CHF pairs to move lower.
If by some miracle, the war becomes stagnant or things de-escalate, the support levels could hold.
Things to consider
Buying the CHF is painful due to Switzerland's low-interest rate. The swap rate offered by most brokers is off-putting.
A better trade may be a de-escalation trade, though we could be waiting a while
The Swiss Franc continues to downtrend longer-term. A de-escalation trade may catch a downside correction move rather than a long-term uptrend.
The CHF could strengthen on global recession fears, possibly in the coming months.
EURCHF
EURCHF - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on EURCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for a short. I want price to go a little bit higher to fill the imbalances and then to reject from bearish order block.
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EURCHF - 4hrs ( Sell Trade Target Range 120 PIP ) Pair Name : EUR/CHF
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( ❗️ short )
Type : Mid Term Swing
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🏳️Bearish Retest
0.95000 Area
Reasons
- Major Turn level / M
- Visible Range Hvn
- Choch Break
- 3 Quarter low / Month low Breaj
🏳️Bullish Reversal
0.93800 Area
Reasons
- Major Turn level / D
- Visible Range Lvn
- Year low
- Pattern Target
- weekly Choch
EURCHF - 4hrs ( + 40 PIP / Tp 1 > Full Tp 120 PIP ) Pair Name : EUR/CHF
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Short
📋 Educational
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🗒 Just browsing through my analysis means a lot to me.
➡️ Update - VIP Opportunity
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🔰Take Profit 1
🔰 Account Growth = 10 %
🔰Pip' Achieved = 40 PIP
EURCHF: Strong Bearish Confirmation Explained 🇪🇺🇨🇭
EURCHF is retesting a recently broken horizontal structure.
The price formed a double top, approaching that on an hourly time frame.
Its neckline breakout is a strong bearish confirmation.
A bearish move is now expected to 0.9498 / 0.9478
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EURCHF: Important Bearish Breakout 🇪🇺🇨🇭
With one single bearish candle, EURCHF successfully violated 2
important daily structures: a horizontal support and a rising trend line.
The broken structures compose an expanding sell zone now.
I will anticipate a bearish movement from that at least to 0.946
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EURCHF - Now OverSold ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, attached on the chart, we have been looking for sell setups around the upper bound of the red channel.
EURCHF traded lower and it is now approaching the lower bound of the channel.
Moreover, the zone 0.945 is a strong support.
🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support.
As per my trading style:
As EURCHF is sitting around the lower red 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
EURCHF Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for EURCHF below:
The price is coiling around a solid key level - 0.9539
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.9582
Safe Stop Loss - 0.9518
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
**EUR/CHF Trading Analysis** 📈 **EUR/CHF Trading Analysis** 📉
🔍 **Market Overview:**
📉 **Trend:** Downward
🔵 **Key Support:** 0.9530
📊 **Current Situation:**
📈 **Price:** 0.9595
📏 **Fibonacci Levels:** 0.382 and 0.5
📉 **Trade Setup:**
📉 **Short Entry:** 0.9588
🛡️ **Stop Loss:** 0.9638
🎯 **Take Profit:** 0.9538
📈 **Analysis:**
EUR/CHF is currently in a downtrend, with a significant support level at 0.9530. The current price is at 0.9595, positioned between the key Fibonacci retracement levels of 0.382 and 0.5.
📊 **Trade Strategy:**
With the above analysis in mind, I've taken a short position at 0.9588 with a protective stop loss at 0.9638. My target for this trade is set at 0.9538.
📉 **Trading Reminder:** Always exercise caution, use proper risk management, and make informed decisions when trading. Happy trading, and may the pips be ever in your favor! 🚀📈📉
#ForexTrading #EURCHFAnalysis #FibonacciLevels #RiskManagement #TradeSmart 📊📈📉💼💹
EURCHF Long term downtrend but this Support is holding.EURCHF is trading inside a Channel Down since January and recently priced the latest Lower High.
We approach Support (1) which is a level that has held since July 27th.
Trading Plan:
1. Buy as long as a (1d) candle doesn't close under Support (1).
2. Sell if it closes under it.
Targets:
1. 0.96500 (top of Channel Down).
2. 0.93800 (-3.30% decline from the top, as all the bearish legs of the Channel Down have done so far).
Tips:
1. The MACD (1d) is under a Sell Cross. This favors the bearish trend, this is why the stop loss conditions should be so strict (candle closing under Support 1).
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Notes:
Past trading plan:
Strifor || USDCHF-10/12/2023Preferred direction: BUY
Comment: A slight recovery against the dollar is exactly what we expected at the beginning of the week. Very promising entry points in the market are now being formed. The situation during the publication of inflation data in the US will most likely develop in favor of the dollar. We place our targets at the level of 0.91475.
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EURCHF: Bullish Continuation & Long Signal
EURCHF
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy EURCHF
Entry Level - 0.9584
Sl - 0.9563
Tp - 0.9629
Our Risk - 1%
Start protection of your profits from lower levels
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EURCHF Bearish leg of Channel Down has started.EURCHF is trading inside a Channel Down that priced the latest Lower High at 0.969650 (Resistance A).
That is confirmed by the Sell Cross formation on October 5th, the highest formed since January 31st.
Sell and target 0.94100 (Support A), even though we can decline a little more (-3.25% was the previous bearish leg).
Previous chart:
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EURCHF - Are We Seeing A Change In The Trend?!Analysis:
Bullish Confluences
Recent upwards trend
Recent breakout of longer term downwards trend
Failed to put in a lower low and instead put in a higher high
Retesting an area of significance
Fib retracement "golden zone"
Previous downwards trendline retest for support
The EUR is the 2nd strongest major currency whereas the CHF is the 4th weakest major currency
1K long position decrease for the CHF
6K short position increase for the CHF
Recent CHF news has been bearish
Bearish Confluences
20K short position increase for the EUR
Stay Safe - The JPI Team
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Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
EURCHF: Long Signal with Entry/SL/TP
EURCHF
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy EURCHF
Entry - 0.9567
Stop - 0.9533
Take - 0.9640
Our Risk - 1%
Start protection of your profits from lower levels
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EURCHF Massive Long! BUY!
My dear subscribers,
This is my opinion on the EURCHF next move:
The instrument tests an important psychological level 0.9635
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 - 0.9666
My Stop Loss - 0.9616
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
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 area.
Trade safe, Joe.