Get started

Eurchflong

EURCHF approaching resistance, potential drop! EURCHF is approaching our first resistance at 1.1393 (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1370 (61.8% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a drop below this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
Extreme trader sentiment points to possible EURCHF downtrendThe Trend Follower Strategy has just sold EURCHF at 1.13407. The system recommends entering this trade at any price between 1.13307 and 1.13507. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.5156. This suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00401, so the stop loss has been set at 1.13808. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5. Signal ID: 63897 Time Issued: Monday, 25 February 2019 01:00:16 GMT Status: open Entry: 1.13307 - 1.13507 Limit: N/A Stop Loss: 1.13808 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Short
by FXCM
EURCHF poised to push higher...Here we are remaining with our long bias, a view that has been with us since 2018. => Fundamentally, the SNB increasing in deposits suggests that the SNB have likely been keeping the EURCHF supported whilst volatility was on the move. President Jordan notably mentioned that the SNB is growing more concerned with market vol and the impact it is having on the CHF. => Here we can see the divergence implied from the options market and would suggest that EURCHF has room to correct higher. Those following our ideas already know we see the EURUSD breaking down and this will increase European volatility but we don't see this being enough to put upward pressure on CHF. I would also encourage you to check the USDCHF idea attached for a more detailed technical breakdown on CHF. Thanks and best of luck.
Long
by ridethepig
Possible trend shift in CHFJPY – going longThe Tidal Shift Strategy has just bought CHFJPY at 109.869. The system recommends entering this trade at any price between 109.692 and 110.046. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.202, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.141, so the stop loss has been set at 109.163. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 63644 Time Issued: Monday, 11 February 2019 00:00:16 GMT Status: open Entry: 109.692 - 110.046 Limit: N/A Stop Loss: 109.163 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Long
by FXCM
EURCHF appears oversoldThe Congestion Opportunities Strategy has just bought EURCHF at 1.13231. The system recommends entering this trade at any price between 1.13141 and 1.13321. The signal was issued because the 28-hour Relative Strength Index indicates that the EURCHF may be oversold, while the Speculative Sentiment Index reading of 1.29698 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 0.0036, so the stop loss has been set at 1.12871. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades. Signal ID: 63646 Time Issued: Monday, 11 February 2019 01:00:18 GMT Status: open Entry: 1.13141 - 1.13321 Limit: N/A Stop Loss: 1.12871 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Long
by FXCM
EURCHF BULLISH CONTINUATION SETUPHi traders, The EURCHF reversed from weekly support and broken out of descending trendline and key resistance level. . Currently, the price is making a bearish correction to retest the broken resistance level that lined up with moving averages and 50.0 Fib ratio level as support. . EURCHF bearish correction which unfolding as ABC zigzag pattern is probably a wave iv "black" of a larger impulsive wave (iii) "brown." . We will wait for the price to complete the correction at our confluence level and look for a breakout of the blue CTL for a long entry. . Price has the potential to move higher and complete impulsive wave v "black." The main target is -27.0 FE that lined up with resistance level as projected on the chart. . Thanks for reading!
Long
by Veejahbee