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Euro / Swiss Franc

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EURCHF trade ideas

EURCHF - Serious Opportunity Setup - Daily Time Frame AnalysisTraders, EUR/CHF presents a compelling opportunity for a potential trend reversal, with recent price action signalling a shift from bearish to bullish sentiment. EUR/CHF has been confined within a bearish channel for the past 405 days, marked by consistent downward movement. However, recent developments suggest a significant shift in market dynamics. The pair has not only reclaimed the last low held 516 days ago but has also broken out of the bear channel, accompanied by bullish price action and the formation of a higher low. Breakout from Bear Channel: After 405 days of downward movement, EUR/CHF has broken out of its bearish channel. This breakout signals a potential reversal of the prevailing trend. Reclamation of Previous Low: The pair has successfully regained the last low recorded 516 days ago. This level, once a resistance, now serves as a critical support zone. Bullish Price Action: Following the breakout, EUR/CHF has exhibited bullish price behavior, indicating increasing buying pressure and potential accumulation by market participants. Formation of Higher Low: The recent pullback has resulted in the formation of a higher low, further supporting the bullish thesis. --------------------------------------------------------------------------------------------------------------------- Entry: Consider entering long positions if EUR/CHF decisively breaks above the resistance zone, signalling a continuation of the bullish momentum. Target: Initial target set at $1.00, with the potential for further upside as the bullish trend unfolds. Stop-Loss: Place a stop-loss just below the all-time low to manage risk effectively. --------------------------------------------------------------------------------------------------------------------- EUR/CHF's breakout from the bear channel, combined with bullish price action and the formation of higher lows, suggests a potential trend reversal. Traders eyeing long positions should wait for confirmation of the breakout and implement risk management measures accordingly. Thank you for reading.
Long
by RazaKhan07
USDCHF: View on daily timeframe, we are neutral. FX:USDCHF last few month price has been bearish all along as CHF remain strongest in the situations where war and other economical conflicts affects in global financial market. We are still not sure about future trend of this pair, as strong bullish price action yet to be seen. However, the big amount of volume was accumulated at lower low of thursday which suggest a possible correction can occur. We would advice you to use smaller timeframe to have a better and safer bias. Good Luck and Trade Safe
by Setupsfx_
15
EURCHF What Next? BUY! My dear subscribers, My technical analysis for EURCHF is below: The price is coiling around a solid key level - 0.9639 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.9650 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURCHF HAS REACHED THE TOP?Interest Rate Differentials: If the European Central Bank (ECB) reduces interest rates or adopts a more dovish monetary policy stance compared to the Swiss National Bank (SNB), investors may prefer to hold Swiss francs (CHF) for higher returns. This could lead to a decline in the EUR/CHF exchange rate. Political Uncertainty: Geopolitical tensions or political instability in the Eurozone countries or Switzerland can impact investor confidence and lead to a flight to safety, where investors seek refuge in safe-haven currencies like the Swiss franc. This increased demand for CHF can cause the EUR/CHF pair to decline. Economic Data: Weak economic data from the Eurozone, such as lower-than-expected GDP growth, high unemployment rates, or declining consumer confidence, can weaken the euro (EUR) and result in a decline against the Swiss franc. Trade Relations: Changes in trade relations or trade agreements between the Eurozone and Switzerland can affect currency flows and investor sentiment, potentially leading to a decline in EUR/CHF. Market Sentiment: Negative market sentiment, driven by factors like risk aversion, global economic uncertainties, or financial market volatility, can lead investors to sell euros and buy Swiss francs, causing a decline in the EUR/CHF pair.
Short
by Huncho99
1
EUR/CHF SELL from .9617 Looking at the last 12 candles on H1 we can see a triple top at a line of resistance at .9228/30 and the last 3 candles all have long wicks forming another triple top and if the current candle continues south, this will be a quadruple top. Its clear that there is an almighty struggle for domination of this pair between the BULLS and the BEARS and with the fast MA moving down over the slow MA on H1 MACD and RSI now reading 55 whereas it was over 70, the suggestion is that EUR/CHF BEARS are taking control. Adding to this analysis is The Andean Oscillator that now has the green BUY line under the signal line and the red SELL line climbing off zero and starting to head north. All the technicals suggest we are headed lower so I'm SHORT with a hard STOP above the high at .9630 (13 pips). Target for this trade is the 200 EMA at .9592 which is just below the WPP mid pivot. As ever though , the target may change depending on momentum.
Short
by forextraplaces