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EURCHF

EURCHF ____ BEARISH MOVE CONTINUATIONHello Traders, On a larger scale, which is the monthly timeframe, you will notice how bearish the EURCHF has been in months. Drilling down, you will see on the weekly timeframe by looking left that we are trading in a supposedly bullish zone (where the price rallied from) but that should get little attention as currently, the market structure on the weekly chart is bearish and is about to complete the next impulsive leg which can be estimated by using the Fibonacci extension tool. Before we go into the daily chart, I want to draw your attention to how last week's candle closed. What you will notice is the bearish strength in that candle. Now let's go into the daily timeframe. What jumps right out is the CHOCH which signifies that the market structure has shifted from bullish to bearish. Hence, we mark the order block that caused this CHOCH and wait for a retracement to continue the bearish move. I will be waiting to see if there will be a CHOCH on the 1-hour timeframe once the price trades into the daily supply order block as marked on my chart. If I don't see this, I don't trade. Follow for more updates like this. Cheers, Jabari
Short
by jabariofafrica
EURCHF - Can We Head Any Further Down?Analysis: Bearish Confluences Strong downwards trend Retesting an area of significance 61.8% fib retracement level touch In a descending channel Descending triangle pattern forming Downwards trendline touch 8K short position increase for the EUR 2K long position increase for the CHF Bullish Confluences EUR is the strongest major currency whereas the CHF is the 3rd weakest major currency 7K long position increase for the EUR 1K short position increase for the CHF Recent EUR news has been bullish Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you! 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.
Short
by jpeacockfx
24
EURCHF Set To Fall! SELL! My dear followers, I analysed this chart on EURCHF and concluded the following: The market is trading on 0.9579 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.9553 Safe Stop Loss - 0. 9590 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
6
EURCHF - 4hrs ( Buy Trade Target Range 140 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 0.95950 Area Reasons - Major Turn level / D - Trend Line Break - Chcoh Area - inner Counter Break - Fixed Range Bearish Reversal Profit Gains 0.96400 Bearish Reversal 0.97400 Area Reasons - Major Turn level / W - Fibo Golden - Visible Range Hvn - Quarter's Area - Pattern Target
Long
by GentleGoldenEngine
1
EURCHF Will Go Lower! Sell! Take a look at our analysis for EURCHF. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.956. The above observations make me that the market will inevitably achieve 0.952 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
✨ NEW: EURCHF ✨ UT SWING ✨-SL @ 1.0100 🚫 (conservative) -SL @ 1.0080 🚫 (aggressive) SLO @ 1.0025 ⏳ TP5 @ 1.0000 (closing ALL Buy Positions) TP4 @ 0.9950 (shaving) TP3 @ 0.9830 (shaving) TP2 @ 0.9755 (shaving) TP1 @ 0.9640 (shaving) BLO1 @ 0.9490 ⏳ BLO2 @ 0.9465 ⏳ -SL @ 0.9430 🚫(aggressive) -SL @ 0.9400 🚫 (conservative) CURVE ANALYSIS Based on the 1-day timeframe, the EURCHF curve analysis is still bearish ( TEMPORARILY ). The Swiss National Bank (SNB) has been keeping interest rates low, which makes the Swiss franc an attractive haven currency. This has been putting downward pressure on the euro. The price has been trending downward since August 11, 2023, and the RSI indicator is approaching oversold levels. However, Price Action has entered the Demand Zone, which suggests that IN THE NEAR FUTURE the EURCHF is likely to experience a trend change to the upside: — The price has been trading above the 200-day moving average for the past few days. — The MACD indicator has crossed above the signal line. — The RSI indicator is in the oversold territory.
Long
by ProfessorCEWard