EURCHF The Target Is DOWN! SELL!
My dear followers,
I analysed this chart on EURCHF and concluded the following:
The market is trading on 0.9427 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9384
Safe Stop Loss - 0.9455
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.
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WISH YOU ALL LUCK
EURCHF trade ideas
EUR/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
EUR/CHF is making a bullish rebound on the 1D TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.932 level.
✅LIKE AND COMMENT MY IDEAS✅
#EURCHF 1DAYEURCHF (1D Timeframe) Analysis
Market Structure:
Trendline Resistance Breakout: The price has broken above a key descending trendline resistance, signaling a potential shift towards bullish momentum.
Forecast:
Buy Opportunity: The breakout suggests increased buying interest, with expectations for further upward movement if the price sustains above the broken trendline.
Key Levels to Watch:
Entry Zone: Consider buying after confirmation of the breakout or on a retest of the trendline as new support.
Risk Management:
Stop Loss: Placed below the broken trendline or recent swing low to minimize risk.
Take Profit Zones: Focus on the next resistance levels or Fibonacci extensions for potential targets.
Market Sentiment:
Bullish Bias: The breakout indicates a potential trend reversal, favoring buyers as long as the price remains above the trendline support.
BUY EURCHF WITH A LITTLE % OF YOUR PORTFOLIOthe Chf sector is beginning to show signs of a change is direction this will take a while to fully develop , it's at the first stage . It might that months or probably continue, having that in mind since all the pairs in the sector as different valuations from the sector apart from USDCHF .
Both GBPCHF & EURCHF closely have the same valuation, so there many risks to discount to its intrist value but it as post a buy opportunity,
EURCHF Outlook Hello,
If the 1M PP holds as support here, we can expect further upside. The current expectation is that this will happen. In the long term, the market sentiment still strongly favors a bearish continuation, while the short term leans more towards bullish momentum. It's important to remember that the price recently hit a one-year low at 0.92042. So, despite appearances, the bullish phase is underway now!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
EUR/CHF Forecast: A Strategic Buy OpportunityToday, I'm sharing a forecast for the EUR/CHF currency pair that supports a buying strategy. Based on the data generated from our EASY Trading AI strategy, I recommend entering a buy position at an entry price of 0.93594.
The rationale behind this bullish sentiment lies in the recent market fluctuations which indicate potential upward momentum. Key indicators suggest that the pair has reached a consolidation phase, and with underlying support levels intact, this creates a favorable environment for a price surge.
For effective risk management, I propose setting a Take Profit target at 0.93761333. This accounts for a reasonable gain while observing the current market dynamics. On the other hand, a Stop Loss level of 0.93376333 will help to safeguard against unexpected market reversals, ensuring your investment is protected.
Investors should closely monitor macroeconomic data releases from the Eurozone as they may impact this pair's movement. Remember, trading is not about easy gains, but strategic decisions backed by comprehensive analysis. Using tools like our EASY Bots can assist traders in automating this strategy while aligning with the principles of risk management.
Let's be prudent, informed, and ready to seize this opportunity!
EURCHF 1HR This EUR/CHF 1-hour chart shows a recent shift from bullish to bearish momentum:
Trendline Break: The uptrend has been broken, indicating a potential bearish shift.
Key Levels:
Resistance: Strong resistance around 0.94200.
Support: Key support at 0.93862 has been breached.
Bearish Engulfing: A bearish engulfing pattern below the trendline signals strong selling pressure.
Price Projection: The bearish momentum suggests a move towards the next support level at 0.92852.
Overall, the analysis suggests that EUR/CHF is likely to continue its downward trend in the near term, with the next target being around the 0.92852 level. Traders should look for selling opportunities on retracements, keeping an eye on any potential reversal signals that could alter the bearish outlook.
Bullish bounce? EUR/CHF has reacted off the resistance which is a pullback resistance and could drop from this level to our take profit.
Entry: 0.93535
Why we like it:
There is a pullback resistance level.
Stop loss: 0.93205
Why we like it:
There is a pullback support level that is slightly below the 127.2% Fibonacci retracement.
Take profit: 0.94113
Why we like it:
There is a pullback resistance level.
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EURCHF TRADE LIKE WHALETHE SNB( Swiss national bank ) under its three member governing boards
1; Martin Schlegel ,Chairman of the governing board of Zurich
2; Antoine martin, vice Chairman of the governing board ,berne
3; Petra Tschudin ,member of the governing board of Zurich.
The correlation between the euro and the Swiss franc currency pairs is too strong to be ignored by traders on the forex market. The correlation between the two currency pairs EUR/USD (euro/U.S. dollar) and USD/CHF (U.S. dollar/Swiss franc) is negative 98.4% as of November 2024.
This represents an inverse relationship indicating that the USD/CHF (U.S. dollar/Swiss franc) mostly sells off when the EUR/USD (euro/U.S. dollar) rallies and vice versa.
The EUR/CHF (euro/Swiss franc) can be replicated by a long position in EUR/USD (euro/U.S. dollar) and a long position in USD/CHF (U.S. dollar/Swiss franc).
The strong EUR/USD and USD/CHF relationship is stronger than that of other currency pairs.
This strength is due to the close ties between the eurozone and Switzerland.
The EUR/USD and USD/CHF pair decouple when there are divergent political or monetary policies.
Arbitraging the two currencies in an attempt to capture the interest rate differential doesn't always work.
The U.S. dollar is the dominant currency and the largest economy in the world so its strength or weakness impacts many other nations. A strong relationship between the EUR/USD and USD/CHF is partially due to the common U.S. dollar factor among the two currency pairs but the bilateral EUR/CHF relationship is stronger due to the closer ties between the eurozone and Switzerland.
IN SUMMERY EURCHF IS BEARISH.
EURCHF Wave Analysis 31 December 2024
- EURCHF reversed from resistance zone
- Likely to fall to support level 0.9350
EURCHF currency pair today reversed down from the resistance area located between pivotal resistance level 0.9430 (which has been steadily reversing the price from the start of October) intersecting with the upper daily Bollinger Band.
The downward reversal from the resistance level 0.9430 will create the daily Shooting Star candlesticks reversal pattern – if the pair closes today near the current levels.
Given the predominant daily downtrend, EURCHF currency pair can be expected to fall to the next support level 0.9350.
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Goal 🎯: 0.94800
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