Eurchfshort
EUR/CHF & BEAR PLAY Price has been in a descending triangle on the Daily TF making lower highs, the market broke out of the support area of the triangle with the first impulse move and retraced back to the support turned resistance due to exhaustion as expected. Euro uncertainty worries continue has the Swiss Franc safe-haven status still holding. The retest gave a nice par on the daily TF which is a good sell signal
EURCHF approaching resistance, potential drop! EURCHF is approaching our first resistance at 1.1246 (horizontal pullback resistance, 100% Fibonacci extension , 23.6% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 1.1168 (horizontal swing low support).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCHF approaching resistance, potential drop!
EURCHF is approaching our first resistance at 1.1246 (horizontal pullback resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1168 (horizontal swing low support).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCHF approaching resistance, potential drop! EURCHF is approaching our first resistance at 1.1246 (horizontal pullback resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1168 (horizontal swing low support).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCHF approaching resistance, potential drop! EURCHF is approaching our first resistance at 1.1260 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level to our major support at 1.1182 (horizontal swing low support).
Ichimoku cloud is also showing signs of bearish pressure and RSI (21) is seeing a bearish exit.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCHF approaching resistance, potential drop! EURCHF is approaching our first resistance at 1.1260 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level to our major support at 1.1182.
Ichimoku cloud is also showing signs of bearish pressure.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EUR/CHF strong support at 1.1344, short break belowThe pair failed to gather upside momentum, has slipped back lower. We see Doji formation on the daily candle till now.
The pair finds major support at 1.1344 (converged 55-EMA and 38.2% Fib). Break below will see further weakness.
Scope then for test of lower BB at 1.1316. Next major support lies at 61.8% Fib at 1.1282.
Focus now on final reading of February Eurozone consumer price index (CPI). Miss on expectations could dent the euro.
Support levels - 1.1344 (converged 55-EMA and 38.2% Fib), 1.1316 (Lower BB), 1.1282 (61.8% Fib)
Resistance levels - 1.1352 (21-EMA), 1.1357 (110-EMA), 1.1360 (5-DMA)
Watch out for break below 1.1344 to go short, SL: 0.1360, TP: 1.1315/ 1.1285
EURCHF - WEEKLY SWING - 11. MAR. 2019WELCOME TO DACAPITAL-TRADING!
EURCHF FOREX BREAKDOWN 11 MAR 2019
1 HOUR
Strong Pullback towards range resistance and our entry!
4 HOUR
Bearish market with several pullbacks to the upside!
DAILY
Bearish with good short entrys now!
LEVELS
SELL EURCHF
ENTRY @ 1.13510
SL @ 1.13740 (25 Pips)
TP @ 1.13160 (35 Pips)
RR: 1.50, use normal risk!
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
EURCHF approaching resistance, potential drop! EURCHF is approaching our first resistance at 1.1369 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.1332 (61.8% Fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance where we might see a drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCHF Bullish!Analysis
-EURCHF looking bullish after showing signs of reversal. Sellers pushed price down into support but buyers brought it back up above support before the daily candle close.
-The price action resulted in a spinning top setup AT SUPPORT which is a bullish sign.
-On the 1H time frame, price just broke a bearish trendline to the upside.
-There is also bullish RSI divergence on the 1H time frame which further eludes to price possibly moving higher in the coming days.
-The reward/risk seems good for the setup (given the distance between daily S/R levels)
Entry, Stops and Targets
-Long Entry: 1.1326 (Enter long after price pulls back)
-Stop Loss: 1.1307 (Set stop below the daily reversal candle)
-Take Profit: 1.1364 (Set targets at a minimum of 2 times your stop depending on entry)
= 2R
*Trade Safe and at your own discretion!*
EURCHF approaching support, potential bounce!EURCHF is approaching our first support at 1.1313 (horizontal swing low support, 50% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1394 (horizontal swing high resistance, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCHF approaching support, potential bounce!EURCHF is approaching our first support at 1.1306 (horizontal swing low support, 100%, Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 1.1339 (horizontal swing high resistance, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching our support where we might see a bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCHF approaching support, potential bounce!EURCHF is approaching our first support at 1.1313 (horizontal swing low support, 100%, Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 1.1394 (horizontal swing high resistance, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching our support where we might see a bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCHF approaching support, potential bounce!EURCHF is approaching our first support at 1.1306 (horizontal swing low support, 100%, fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 1.1339 (horizontal pullback resistance, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching our support where we might see a bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCHF approaching resistance, potential drop! EURCHF is approaching our first resistance at 1.1393 (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1370 (61.8% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a drop below this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Extreme trader sentiment points to possible EURCHF downtrendThe Trend Follower Strategy has just sold EURCHF at 1.13407. The system recommends entering this trade at any price between 1.13307 and 1.13507. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.5156. This suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00401, so the stop loss has been set at 1.13808. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
Signal ID: 63897
Time Issued: Monday, 25 February 2019 01:00:16 GMT
Status: open
Entry: 1.13307 - 1.13507
Limit: N/A
Stop Loss: 1.13808
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.