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EURCHF

EURCHF Will Go Down From Resistance! Short! Here is our detailed technical review for EURCHF. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.960. Considering the today's price action, probabilities will be high to see a movement to 0.958. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
8
Strifor || USDCHF-08/04/2023Preferred direction: SELL Comment: The sell-priority remains on the currency pair, however, a small addition in connection with the upcoming data on the US labor market. In this addition, it is assumed that at the time of the start of the data release, the US dollar will strengthen on all fronts, after which a reversal and a fall in the currency are expected. Thus, we are waiting for an impulse above 0.87757, and after going under the level we continue to consider sell. Thank you for like and share your views!
Short
by Strifor
7
Strifor || USDCHF-08/03/2023Preferred direction: SELL Comment: At the moment, one of the most promising trades in the foreign exchange market. At the level of 0.87757, two false breakouts were formed, which promises a fall to mid-term lows at the level of 0.85696. It should be noted that the level of 0.87757 is a daily level, that gives it the most important value (breaking level). The fall will most likely stop near the level of 0.87000, where the volume for pushing was formed earlier. Thank you for like and share your views!
Short
by Strifor
3
EURCHF - 4hrs ( buy Trade Target range 150 PIP ) Pair Name : EUR/CHF 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 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 ( Long ) Type : Mid Term Swing ——————————— Bullish Break 0.96000 Area reasons - Major Turn level - Visible Range Lvn - Trend Break Out - Day / week High Break - inner Choch Bearish Reversal 0.97500 Area Reasons - Major Turn level - Visible Range poc - Choch Arae - Pattern Target - Quarter's Area
Long
by GoldenEngine
3
EURCHF - Trend-Following Sell Setup!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on H4: Left Chart EURCHF is overall bearish trading below the red trendline so we will be looking for trend-following sell setups on lower timeframes. on M30: Right Chart EURCHF is forming a potential head and shoulders pattern but it is not ready to go yet. For the bears to take over, we need a new swing high to form to complete the head and shoulders and then a momentum candle close below the gray neckline. Meanwhile, until the sell is activated, EURCHF would be overall bullish and 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
Short
by TheSignalyst
4
EURCHF 2023 Yearly Structure OLHC (Buy Signal) EURCHF2023 YEARLY STRUCTURE OLHC (BUY SETUP) Please support this idea with LIKE, FOLLOW & SHARE if you find it useful. In the year 2023, FX:EURCHF EURCHF commenced with a low opening, accompanied by a remarkable bullish divergence observed from October 2022 to the current market price in July 2023. Notably, the price is currently experiencing rejection at the monthly support level of 0.95156 . An ideal buy setup will materialize upon the price's closure above the Buy zone, specifically at 0.95962 , coupled with a bullish TDI cross, signifying the active presence of buyers in the markets. Upon the occurrence of the TDI cross for buys, the first take profit target will be set at 0.97855 . Subsequently, the second take profit level will be aimed at the yearly open of 2023, standing at 0.98661 . Furthermore, should the price break above the 2023 open, the third take profit level will be based on last year's open, as the price was unable to reach that target previously, located at 1.03522 . As always, prudent monitoring and cautiousness are advised to make well-informed decisions. In the year 2023, FX:EURCHF EURCHF commenced with a low opening, accompanied by a remarkable bullish divergence observed from October 2022 to the current market price in July 2023. Notably, the price is currently experiencing rejection at the monthly support level of 0.95156 . An ideal buy setup will materialize upon the price's closure above the Buy zone, specifically at 0.95962 , coupled with a bullish TDI cross, signifying the active presence of buyers in the markets. Upon the occurrence of the TDI cross for buys, the first take profit target will be set at 0.97855 . Subsequently, the second take profit level will be aimed at the yearly open of 2023, standing at 0.98661 . Furthermore, should the price break above the 2023 open, the third take profit level will be based on last year's open, as the price was unable to reach that target previously, located at 1.03522 . As always, prudent monitoring and cautiousness are advised to make well-informed decisions. Please support this idea with LIKE, FOLLOW & SHARE if you find it useful. It is crucial to exercise patience and await the TDI cross before taking any action. Trade with Caution. Wait for valid entries. Please support this idea with LIKE, FOLLOW & SHARE if you find it useful. P A T I E N C E + D I S C I P L I N E
Long
by PeanutButter
1
✨ NEW: EURCHF ✨ LONG TERM SWING ✨SLO @ 0.9625 TP4 @ 0.9610 (shaving) TP3 @ 0.9590 (shaving) TP2 @ 0.9580 (shaving) TP1 @ 0.9566 (shaving) BSO @ 0.9555 ⏳ -SL @ 0.9530 If the Pivot Low hold up, we can then use this range as our Curve Analysis and hope for some uptrend momentum above 0.9555 To help me better understand this pair, I use the correlation between EURCHF and EURUSD, which is positive 69%. This means that the two currency pairs tend to move in the same direction roughly 70% of the time. Whereas, about 30% of the time, they're negatively correlated. Looking at the history SHORTING is obviously you're best bet. Otherwise, you'll have to use TEMASHA to catch the actual turn to the upside. ⚠️ Because PA is at the ALL Time Low (with no real pivot low), there is NO CURVE to be analyzed. The only thing I see is a BSO @ 0.9555 WE ARE A COMMUNITY BOOST a trade idea to share with others and "pay it forward" FOLLOW to receive alerts of any new posted ideas COMMENT with questions, insight, and expertise JOIN our group chat: receive free analyses on any instrument
Long
by ProfessorCEWard
Eur Chf LongA Potential Reversal in a Bearish Trend Introduction: The EUR/CHF forex pair has been entrenched in a prolonged bearish trend, with a consistent series of lower highs and lower lows. However, recent price action and technical indicators suggest the possibility of a potential reversal to the upside. This analysis aims to explore the factors that indicate a short-term bullish opportunity within the context of the overall bearish trend. Reversal Candlestick Patterns: On the daily chart, we observe the emergence of bullish reversal candlestick patterns, such as a hammer or a morning star, near critical support levels. These patterns indicate that buyers are stepping in to push the price higher, potentially signaling a shift in market sentiment and the beginning of a bullish reversal. Divergence on Oscillators: Key technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are displaying bullish divergences. Despite the downward movement of the price, these indicators are forming higher lows, suggesting that the bearish momentum is weakening. This divergence often precedes a potential trend reversal, making it an important signal to watch. Supportive Price Zones: EUR/CHF has reached significant support levels that have historically prompted bullish bounces. As the pair nears these levels, traders are likely to show increased interest in buying, creating a temporary demand zone. These support levels add weight to the possibility of a bullish reversal. Market Sentiment Shift: Fundamental factors, such as changes in economic conditions or geopolitical developments, can lead to shifts in market sentiment. If recent positive developments have occurred in the Eurozone or uncertainties in Switzerland, it could prompt traders to reconsider their bearish positions on EUR/CHF, leading to a potential shift in favor of the Euro. Oversold Conditions: The prolonged bearish trend may have led to oversold conditions on various technical indicators. When a market is oversold, it indicates that selling pressure may have reached an extreme and could pave the way for a bullish reversal. Conclusion: Considering the emergence of reversal candlestick patterns, bullish divergences on oscillators, supportive price zones, potential shifts in market sentiment, and oversold conditions, the EUR/CHF forex pair presents a short-term bullish opportunity within the context of the existing bearish trend. As with any trading opportunity, it is crucial to implement strict risk management strategies, including setting appropriate stop-loss levels. Trading against the dominant trend carries inherent risks, and traders must remain vigilant and ready to adjust their positions if the bearish trend reasserts itself.
Long
by realtrademaster
3