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Euro / Swiss Franc

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EURCHF trade ideas

EURCHF to reach par?EURCHF is experiencing a significant bullish movement, currently testing the resistance at around 0.9775 after surpassing a minor resistance at 0.97. This bullish move follows the pair's break above a falling trendline that dates back to January 2022 and its break back above the 200 Daily Moving Average, signaling a strong upward momentum. On the weekly chart, EURCHF has reached the 0.618 Fibonacci retracement level, indicating a potential area for a short-term correction before the likelihood of further upward movement. Should EURCHF close above the weekly Ichimoku Cloud (Shaeded area), it could set the stage for a rise to the 0.786 retracement at 0.9917, though a minor pullback might occur in the short term. Both daily and weekly RSIs are reflecting positive sentiment with no divergence, suggesting that higher levels for EUR/CHF could be on the horizon However, if the pair retreats below 0.97, it could negate this bullish outlook Share
Long
by Saxo
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