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EURCHF

0.92 In Focus: Imminent Reversal or New Lows Ahead?Are we about to see a double bottom reversal, or will price break down again? Going back to my idea posted in December 2023 (see related post), we had a great buying opportunity on the dip below 0.94, followed by a strong rally towards parity, falling just 80 pips short. That upward move ended in May, and since then, the price has broken down again, with last month taking out last year's low, hitting a new all-time low at 0.921. So, what’s next? Will the price continue to break down, or are we seeing signs of a double bottom reversal on the weekly charts? Let’s break it down. On the weekly charts, after hitting the new low last month, we saw a strong reaction with a nearly 360-pip rally before the price broke down again. Zooming into the daily charts (image below), it looks like we could see a move back down under 0.93 into the marked buy zone. Looking more closely at the daily chart with the MACD indicator, there are signs of a double bottom pattern forming, along with bullish divergence, signaling a potential buying opportunity on dips below 0.93. Supporting this further, divergence signals are also forming on the 4-hour charts (see image below), with the price slowly grinding down while the MACD moves higher. This is clear evidence that momentum is slowing as we approach a key higher-timeframe area of interest. Given these signals, I expect one final breakdown under 0.93, followed by a strong rally. However, I won’t be blindly entering buy trades here. Instead, I’ll wait for the final push down and look for BUY signals on my TRFX indicator from the 4-hour to daily timeframes, with the strongest signal likely appearing on the daily. If this setup plays out, I fully expect a move back up to test parity, with my first target being last month’s high at 0.958, where we could encounter some resistance. The second target will be the 2024 high at 0.992. For this setup to be invalidated, we would need to see a clear weekly break and close below 0.925. Let me know your thoughts below! :)
Long
by TheFxAce
6
EURCHF Will Move Higher! Buy! Please, check our technical outlook for EURCHF. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.936. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.941 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
EURCHF Sell signal on the 1D MA200 rejection.The EURCHF pair gave us a great buy-low-sell-high double trading opportunity last time we gave a call on it (June 28, see chart below) as not only did it initially rise to the 1.236 Fibonacci extension, but straight after it dropped to the 0.618, reaching our 0.95500 Target: The sell-off was in fact that aggressive that it reached as low as the bottom of the 2-year Channel Down, making a new Lower Low. The instant rise and rejection on the 1D MA200 (orange trend-line) confirms bearish extension bias similar to the June 22 2023 rejection. We remain bearish on this pair, targeting 0.926500 and then after a new bounce, make a final sell for a new Lower Low. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
Heading into 50% Fibonacci resistance?EUR/CHF is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.94637 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 0.95268 Why we like it: There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement. Take profit: 0.93756 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EUR/CHF Bank Money Heist Plan on Bullish SideHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist EUR/CHF Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 30M timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Long
by Thief_Trader
Why is the Swiss Franc Defying the Odds?In a global economy where central banks are leaning towards softer monetary policies, the Swiss Franc is charting its own course—strengthening against the odds. But what forces are truly at play here? Is it merely the cautious whispers of the Swiss National Bank, or is there a deeper undercurrent, tied to inflation expectations and global safe-haven flows? As we peel back the layers, we uncover a narrative that challenges conventional wisdom. Discover the intricate dynamics that could redefine how we perceive currency resilience in today's volatile market landscape. The franc's unexpected strength has sparked a flurry of theories. Some point to the SNB's potential reluctance to cut interest rates as aggressively as its peers. Others suggest that the widening gap between Swiss and global inflation expectations could be fueling the franc's appreciation. Yet, the franc's safe-haven status and its role in carry trades add another layer of complexity to this puzzle. The EUR/CHF currency pair, a barometer of the Eurozone and Switzerland's economic health, is particularly sensitive to the franc's strength. As the franc appreciates, it can impact trade balances, inflation, and overall economic competitiveness. As the global economic landscape continues to evolve, the enigma of the Swiss franc's resilience persists. Is this a temporary anomaly, or a harbinger of a new era in international finance? Only time will tell.
Short
by signalmastermind
Sell EUR/CHF Bearish FlagThe EUR/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.9392, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.9327 2nd Support – 0.9290 Stop-Loss: To manage risk, place a stop-loss order above 0.9420. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
7
EURCHF Sellers In Panic! BUY! My dear followers, I analysed this chart on EURCHF and concluded the following: The market is trading on 0.9387 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.9450 Safe Stop Loss - 0.9351 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
Long
by AnabelSignals
2
EURCHFHello traders, after analyzing the 4-hour time frame, the price is moving within a descending channel. As the price approaches the demand zone, which aligns with the 61% and 78% Fibonacci levels, I anticipate that we can enter a buy position if a CHoCH pattern forms in a lower time frame. In this scenario, the target could be the 38% Fibonacci resistance level, which aligns with the top of the descending channel. If the price breaks out above this resistance at 0.9475, the next key resistance level will be 0.96300, which aligns with the supply zone and the 78% Fibonacci level. At this level, we can look for confirmation to enter a sell position.
by FXSMARTT
2
EURCHF - 4hrs ( Sell 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 importan+t 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 ——————————— Bearish Break 0.94300 area Reasons - Major Turn level - Visible Range Lvn - Pattern Break - Turn level - Day / week low Bullish Reversal 0.93000 Area Reasons - Major Turn level - Visible Hvn - Pattern Target - Fibo Golden - Quarter Area - Choch Zone
Short
by GoldenEngine
EURCHF Technical Analysis and Trade Idea👀👉 I’m closely monitoring the EURCHF currency pair. Currently, we’re observing a market structure break with a higher high on the chart, along with the potential formation of a base that could lead to further upward movement. If the market conditions align as discussed in the video, I’ll be looking for a buying opportunity. This analysis highlights key elements of technical analysis, including trend identification, price action, and market structure. We'll also outline a potential trade setup and explore strategies to enhance the likelihood of success. Please remember, this analysis is for educational purposes only and should not be considered financial advice. The observations made are speculative and do not guarantee future market outcomes. It’s crucial to verify current price actions before making any trading decisions. This presentation provides a thorough review of the current trend, market structure, and price dynamics. However, it’s essential to understand that while this information is educational, it does not ensure trading success. Trading in the foreign exchange market carries significant risks, and we strongly recommend applying sound risk management practices in all your trades. We urge you to conduct extensive research and carefully consider all factors before making any trading decisions. Stay informed, exercise caution, and approach the markets with a well-crafted strategy. 📊✅
Long
by fxtraderanthony
2
Bullish rise?EUR/CHF is reacting off the support level which is an overlap support and could rise from this level to our take profit. Entry: 0.94637 Why we like it: There is an overlap support level. Stop loss: 0.93811 Why we like it: There is an overlap support level which lines up with the 50% Fibonacci retracement. Take profit: 0.95768 Why we like it: There is a pullback resistance. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
8
EURCHF Is Bullish! Buy! Take a look at our analysis for EURCHF. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.947. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.951 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
3
EURCHF Will Move Higher! Long! Here is our detailed technical review for EURCHF. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.946. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.952 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
EURCHF The Target Is UP! BUY! My dear friends, My technical analysis for EURCHF is below: The market is trading on 0.9476 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.9626 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. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
7 Dimensions BUY SETUP FOR EURCHFCore Analysis Method: Smart Money Concepts This analysis focuses on identifying a potential trade setup using Smart Money Concepts on the H1 timeframe. Here's the detailed breakdown: 😇 7 Dimension Analysis Time Frame: H1 Swing Structure: The market is in a bullish structure with back-to-back Breaks of Structure (BOS). After the last impulsive move, the corrective phase with 4 minor pullbacks has reached its conclusion, characterized by a bearish internal structure. The last swing involved a liquidity sweep that mitigated the Extreme Order Block (OB) and Sell Order Block (SOB) in the Discounted zone. This scenario creates a high probability for the initiation of another impulsive bullish move. The same area also acts as a support or demand zone, further strengthening the potential for a bullish reversal. Pattern: 🟢 Chart Patterns: Reversal: A Double Bottom with a fakeout at the Point of Interest (POI), signaling potential bullish strength. 🟢 Candle Patterns: A long wick pin bar, known as one of the strongest reversal signals, has appeared right at the POI. Multiple momentum candles observed before the pin bar indicate climactic player activities and profit-taking. A Tweezer top and Narrow Range 6 candles breakout have also been observed, adding to the reversal signal. Volume: 🟢 A significant volume spike has been noticed right at the pin bar, which is a strong sign of a potential reversal. Momentum RSI: 🟢 The current price is in a bearish to sideways zone, but a powerful divergence suggests that the market is preparing for a shift in momentum towards bullishness. Volatility Bollinger Bands: 🟢 After a massive volatile move, Bollinger Bands contraction has started. The upcoming breakout will be crucial in determining the next move. Based on price action, an upper band breakout is anticipated, as the price has formed a Headfake and W pattern with multiple Band Punchers. Strength ADX: ADX is currently neutral, indicating a potential shift in momentum is brewing. Rating: ⭐⭐⭐⭐ (4 Stars) Probability: 75% This trade setup has a high probability, indicating strong confidence in a potential bullish move. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish ☑️ POI: Mitigated Extreme POI 💡 Decision: Open Buy position immediately. 🚀 Entry: 0.9480 ✋ Stop Loss: 0.9445 🎯 Take Profit: 0.9648 😊 Risk to Reward Ratio: 3 RR 🕛 Expected Duration: 2 days SUMMARY: This trade setup on the H1 timeframe suggests a strong bullish opportunity. The market structure, volume, and momentum all point towards a potential reversal after a corrective phase. The pin bar at the POI, coupled with significant volume and bullish divergence in RSI, reinforces the likelihood of a bullish move. With a 75% probability, this trade setup offers a good risk-to-reward ratio of 3:1. The trade should be monitored closely, especially around the key levels of entry and take profit.
Long
by Optimum369