EUR/CHFComplete analysis of the euro against the franc
1- An ascending price channel on the daily frame
2- Saturation on the RSI indicator
3- The appearance of divergence on the RSI/MACD indicators
4- The emergence of strong demand areas with the price channel line touching from below
So we start looking for demand areas to start buying
EURCHF trade ideas
EUR/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
EUR/CHF pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.931 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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Bearish drop?EUR/CHF is reacting on the resistance level which is an overlap resistance that align with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.94293
Why we like it:
There is an overlap resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 0.94920
Why we like it:
There is an overlap resistance level that is slightly above the 127.2% Fibonacci extension.
Take profit: 0.93437
Why we like it:
There is a pullback support level.
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is EURCHF starting to put in a bottom here?if you believe that we are in for a hard landing as I do, then this trade makes sense in so much that during the potential upcoming risk off in the next 6mths, everything (including gold) will get sold... and EUR being more of a funding ccy these days could be bid back as CHF gets sold off in sympathy with Gold? we may not see bottom of this channel again soon but if we do then that's decent RvR imho....
EURCHF Short - We didn't retrace enough yetMy bet is that people FOMOd into the current fake bottom and will get stopped out before we might actually see an uprise. Besides of that, weekly lower highs, daily lower highs - wouldn't it make sense to retrace near the bottom of the current swing if we really want some upswing?
EURCHF Bear trend continuation Seller pressure is too dominant for EURCHF, and the price keeps breaking the trendline support and moving averages, indicating trend continuation to the downside.
Trading Signal: EURCHF MovementAttention Traders,
We have identified a new trading opportunity for the EURCHF currency pair. Based on our latest analysis using the EASY Quantum Ai strategy, you should consider the following trade setup:
Direction: Sell
Enter Price: 0.93315
Take Profit: 0.93114333
Stop Loss: 0.93640333
This recommendation is grounded in several key factors:
1. Technical Indicators: Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) both indicate overbought conditions, suggesting a potential downward correction.
2. Economic Data: Recent economic indicators from the Eurozone, such as weaker-than-expected GDP growth and high inflation rates, negatively impact the euro's strength against the Swiss franc.
3. Market Sentiment: Sentiment analysis tools reveal a bearish outlook among major market participants, reinforcing our sell recommendation.
4. Geopolitical Tensions: Current geopolitical uncertainties in Europe are likely to contribute to increased volatility, favoring the Swiss franc as a safe-haven asset.
Ensure to manage your risk appropriately by setting the Stop Loss at 0.93640333 to protect against any unexpected market movements.
Happy Trading!
Your Quantum Ai Analysis Team
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! :)
EURCHF Buy Signal For 300 pips profitIn terms of investment considerations, UBS has Changed its stance from its previous guidance of a 0.95-1.0 range for EUR/CHF. The firm now sees the currency pair grinding lower, with resistance expected in the 0.96-0.97 range and support near 0.92.
However, if growth in Switzerland weakens more than anticipated, or if the SNB signals its discontent with CHF strength and takes action to weaken it, the EUR/CHF could potentially remain around 0.94-0.97...
In the bigger picture, medium term corrective pattern from 0.9407 (2022 low) might have completed with three waves to 0.9928. Decisive break of 0.9252 (2023 low) will confirm long term down trend resumption.
On the upside, however, break of 0.9497 minor resistance will turn bias back to the upside for 0.9579, 0.9720 resistance instead.
Buying on dip within a range of 100 pips is advised for the target of 0.97 and 0.99....Good Luck
EUR/CHF BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are going long on the EUR/CHF with the target of 0.941 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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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.
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