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EURCHF trade ideas

EURCHF: Bottom formed. Aiming now for the 1D MA200.EURCHF is marginally bearish on its 1D technical outlook (RSI = 43.619, MACD = -0.002, ADX = 46.597) as after hitting the bottom of the S1 Zone, it rebounded and is now consolidating below the 1D MA50. This is a bottoming pattern and like the two before it in a span of 1 year, it should aim for at least the 1D MA200 (TP = 0.95500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
TradeCityPro | EURCHF Analysis Rejection or Breakout?👋 Welcome to the TradeCityPro channel! Let’s analyze this forex pair in a simple way and set triggers and alerts to prepare for potential trades. 🌍 Fundamental Overview Euro (EUR): Backed by the ECB's cautious stance on inflation, though mixed economic data, like declining industrial output, limits its strength. Swiss Franc (CHF): Strong as a safe-haven currency, bolstered by geopolitical risks. The SNB maintains a hawkish monetary policy to ensure inflation stability. The monetary policy divergence between the ECB's mild tightening and the SNB's hawkish approach adds bearish pressure on EURCHF, favoring CHF during risk-off sentiment. ⏱ 4-Hour Timeframe The chart remains strongly bearish, with prices near historic lows, lacking significant support ahead. Fibonacci levels can help identify potential 4H supports. 📉 Short Position Trigger: After a rejection from the trendline, watch for a move towards the 0.92790 support. If 0.92790 breaks with momentum, short positions can target: 0.92440 - 0.92187 - 0.91866 📈 Long Position Trigger: While the chart shows bearish dominance, signs of trend weakness are emerging. However, long trades remain high risk in the current environment. potential long setup could occur after breaking the trendline and the 0.9335 resistance. For safer entries, wait for higher highs and higher lows to form, confirming a bullish shift before taking action. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Short
by tradecitypro
1
EURCHF Wave Analysis 25 November 2024 - EURCHF reversed from support zone - Likely to rise to resistance level 0.9360 EURCHF currency pair recently reversed up from the support zone located between the long-term support level 0.9250 (which has been reversing the price from the end of December) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing. Given the strength of the support level 0.9250 and the bullish euro sentiment seen today, EURCHF currency pair can be expected to rise further to the next resistance level 0.9360.
Long
by FxProGlobal
EURCHF 24 Nov. 2024As you guys may noticed , on Friday SNB Chairman Schlegel had speech and after his speed , market marked up this pair and broke previous down trend and forming new up trend and of course you guys know, we will buy at demand zones to make the most out of the market ! Here i will paste SNB Chairman Schlegel's speech : " Martin Schlegel, Chairman of the Governing Board of the Swiss National Bank (SNB), emphasized the importance of a flexible monetary policy in response to the global economic environment. Switzerland's position as a small open economy with a safe-haven currency, the Swiss franc, makes it particularly sensitive to global economic fluctuations. Schlegel noted that downturns in global demand often lead to an appreciating Swiss franc and consequently, a decrease in inflation. To manage these dynamics, the SNB has adopted a monetary policy framework that allows for a certain degree of flexibility in accepted inflation rates. The SNB aims to maintain inflation rates between 0% and 2% over the medium term, defining this range as price stability. This approach enables the SNB to adapt to economic shocks and balance the costs and benefits of its monetary policy measures. Schlegel pointed out that although inflation has occasionally deviated from this range, it has generally returned to the targeted values relatively quickly. The primary instrument of the SNB's monetary policy is the SNB policy rate, which sets the tone for the bank's monetary stance and serves as the cornerstone of its communication strategy. In addition, the SNB has engaged in foreign exchange interventions to combat both deflation and inflation threats. However, these interventions have significantly expanded the SNB's balance sheet and resulted in substantial fluctuations in its annual results. Schlegel stated that due to the associated balance sheet risks, the SNB's equity capital is currently well below the necessary level. Strengthening the bank's capital base is now a priority over profit distributions. In his speech, Schlegel also highlighted the strong performance of the Swiss economy in comparison to international counterparts over the past decades. He attributed part of this success to the SNB's commitment to maintaining price stability amidst various deflationary and inflationary pressures. Looking ahead, the SNB intends to continue supporting favorable economic conditions in Switzerland by ensuring price stability. "
Long
by wolf9743
EUR_CHF (315 Pips)EUR/CHF closed at 0.93158 last week, marking the lowest low in 9 years. This significant drop indicates strong bearish pressure on the pair. Fundamental Analysis The Euro Area's final CPI reading for October is expected to show headline inflation rising from 1.7% to 2.0% YoY, while core inflation remains at 2.7% YoY . This could provide some support for the Euro. The European Central Bank (ECB) remains committed to its 2% inflation target and plans to keep policy rates restrictive as necessary . The Swiss Franc has seen increased demand recently, with USD/CHF falling 1% over the last couple of trading days . This strength in the Franc could continue to put pressure on the EUR/CHF pair. Technical Analysis The EUR/CHF pair is currently under significant bearish pressure after breaking below the support zone between 0.9335 and the 61.8% Fibonacci correction of the August upward move . This breakdown has accelerated the active minor impulse wave iii of the higher order impulse wave (3) from May . Key levels to watch: - Support: 0.9250 (former strong support from January and August) - Resistance: 0.9335 (previous support level) . The pair has decisively escaped a symmetric triangle pattern to the downside, breaking below a key horizontal support level . This technical breakdown underscores the dominance of sellers in the current market environment. Outlook for Next Week Given the technical breakdown and the Franc's recent strength, the EUR/CHF pair is likely to continue facing downward pressure in the coming week. Traders should watch for a potential test of the 0.9250 support level , if EUR/CHF breaks below the 0.9250 support level, the next major support level would likely be around 0.9000 (315 pips). However, if the Euro receives a boost from the expected inflation data, we could see some upward movement. In this case, the 0.9335 level will be crucial as a break above could signal a short-term bullish reversal . Traders should also monitor broader market sentiment and any unexpected economic data or central bank communications that could impact either currency. The safe-haven appeal of the Swiss Franc, particularly in light of ongoing geopolitical tensions, may continue to support its strength against the Euro . Citations: fxpro.news paxforex.org www.axiory.com www.icmarkets.com www.icmarkets.com www.youtube.com www.ecb.europa.eu www.ictrading.com
Short
by NYHTSTAR
EURCHF Wave Analysis 21 November 2024 - EURCHF under bearish pressure - Likely to fall to support level 0.9250 EURCHF under the bearish pressure after breaking the support zone between the support level 0.9335 (which has been reversing the price from September) and the 61.8% Fibonacci correction of the upward price move from August. The breakout of this support zone accelerated the active minor impulse wave iii of the higher order impulse wave (3) from May. EURCHF can be expected to fall further to the next support level 0.9250, former strong support from January and August.
Short
by FxProGlobal
EURCHF Channel Down bottoming and giving a buy opportunity.The EURCHF pair has been trading within a Channel Down pattern on the 4H time-frame and is on its second Bearish Leg, pressured below the 4H MA50 (blue trend-line) since November 08. Having hit the 0.236 Channel Fib, the current forming of Lower Lows is similar to the bottom pattern formed on October 01. Even the 4H RSI sequences between the two fractals are identical, both on a Double Bottom that was the signal to buy at that time. Our Target is 0.93500, still below the 0.5 Fibonacci retracement (blue), which was broken during the October rebound. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1