EURCHF
EURCHF Will Go Down From Resistance! Short!
Here is our detailed technical review for EURCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.960.
Considering the today's price action, probabilities will be high to see a movement to 0.958.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Strifor || USDCHF-08/04/2023Preferred direction: SELL
Comment: The sell-priority remains on the currency pair, however, a small addition in connection with the upcoming data on the US labor market. In this addition, it is assumed that at the time of the start of the data release, the US dollar will strengthen on all fronts, after which a reversal and a fall in the currency are expected. Thus, we are waiting for an impulse above 0.87757, and after going under the level we continue to consider sell.
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Strifor || EURUSD-08/03/2023Preferred direction: BUY
Comment: Finally, we can look for buy-position in the Euro. As we expected, the price fell a little under the level of 1.09623 towards the next potential sellers' target at 1.09000. This probability still remains, but it is already possible to start open buy-position, it would be optimal to break your position into three, that is, to gain a position gradually. Upside potential 1.11500.
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Strifor || USDCHF-08/03/2023Preferred direction: SELL
Comment: At the moment, one of the most promising trades in the foreign exchange market. At the level of 0.87757, two false breakouts were formed, which promises a fall to mid-term lows at the level of 0.85696. It should be noted that the level of 0.87757 is a daily level, that gives it the most important value (breaking level). The fall will most likely stop near the level of 0.87000, where the volume for pushing was formed earlier.
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EURCHF : Short Trade , 1hHello traders, we want to check the EURCHF chart. The price has broken the ascending channel downwards. If the price pullback to the specified key level, we expect this level to maintain the downward trend of the price and cause the price to fall further. We expect the price to It should drop around 0.95600. Good luck.
GBPCHF I Range trading strategy Welcome back! Let me know your thoughts in the comments!
** GBPCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EUR CHF SHORTRisk 0.5%
TP1 = 1:2 RR
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EURCHF Potential DownsidesHey Traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.96500 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.96500 support and resistance zone.
Trade safe, Joe.
EURCHF - 4hrs ( buy Trade Target range 150 PIP ) Pair Name : EUR/CHF
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Long )
Type : Mid Term Swing
———————————
Bullish Break
0.96000 Area
reasons
- Major Turn level
- Visible Range Lvn
- Trend Break Out
- Day / week High Break
- inner Choch
Bearish Reversal
0.97500 Area
Reasons
- Major Turn level
- Visible Range poc
- Choch Arae
- Pattern Target
- Quarter's Area
EURCHF - Trend-Following Sell Setup!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on H4: Left Chart
EURCHF is overall bearish trading below the red trendline so we will be looking for trend-following sell setups on lower timeframes.
on M30: Right Chart
EURCHF is forming a potential head and shoulders pattern but it is not ready to go yet.
For the bears to take over, we need a new swing high to form to complete the head and shoulders and then a momentum candle close below the gray neckline.
Meanwhile, until the sell is activated, EURCHF would be overall bullish and can still trade higher.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURCHF Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring EURCHF for a selling opportunity around 0.96100 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.96100 support and resistance zone.
Trade safe, Joe.
EURCHF 2023 Yearly Structure OLHC (Buy Signal)
EURCHF2023
YEARLY STRUCTURE
OLHC (BUY SETUP)
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In the year 2023, FX:EURCHF EURCHF commenced with a low opening, accompanied by a remarkable bullish divergence observed from October 2022 to the current market price in July 2023. Notably, the price is currently experiencing rejection at the monthly support level of 0.95156 .
An ideal buy setup will materialize upon the price's closure above the Buy zone, specifically at 0.95962 , coupled with a bullish TDI cross, signifying the active presence of buyers in the markets.
Upon the occurrence of the TDI cross for buys, the first take profit target will be set at 0.97855 . Subsequently, the second take profit level will be aimed at the yearly open of 2023, standing at 0.98661 . Furthermore, should the price break above the 2023 open, the third take profit level will be based on last year's open, as the price was unable to reach that target previously, located at 1.03522 .
As always, prudent monitoring and cautiousness are advised to make well-informed decisions.
In the year 2023, FX:EURCHF EURCHF commenced with a low opening, accompanied by a remarkable bullish divergence observed from October 2022 to the current market price in July 2023. Notably, the price is currently experiencing rejection at the monthly support level of 0.95156 .
An ideal buy setup will materialize upon the price's closure above the Buy zone, specifically at 0.95962 , coupled with a bullish TDI cross, signifying the active presence of buyers in the markets.
Upon the occurrence of the TDI cross for buys, the first take profit target will be set at 0.97855 . Subsequently, the second take profit level will be aimed at the yearly open of 2023, standing at 0.98661 . Furthermore, should the price break above the 2023 open, the third take profit level will be based on last year's open, as the price was unable to reach that target previously, located at 1.03522 .
As always, prudent monitoring and cautiousness are advised to make well-informed decisions.
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It is crucial to exercise patience and await the TDI cross before taking any action.
Trade with Caution. Wait for valid entries.
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P A T I E N C E + D I S C I P L I N E
✨ NEW: EURCHF ✨ LONG TERM SWING ✨SLO @ 0.9625
TP4 @ 0.9610 (shaving)
TP3 @ 0.9590 (shaving)
TP2 @ 0.9580 (shaving)
TP1 @ 0.9566 (shaving)
BSO @ 0.9555 ⏳
-SL @ 0.9530
If the Pivot Low hold up, we can then use this range as our Curve Analysis and hope for some uptrend momentum above 0.9555
To help me better understand this pair, I use the correlation between EURCHF and EURUSD, which is positive 69%. This means that the two currency pairs tend to move in the same direction roughly 70% of the time. Whereas, about 30% of the time, they're negatively correlated.
Looking at the history SHORTING is obviously you're best bet. Otherwise, you'll have to use TEMASHA to catch the actual turn to the upside.
⚠️ Because PA is at the ALL Time Low (with no real pivot low), there is NO CURVE to be analyzed.
The only thing I see is a BSO @ 0.9555
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