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Euro / Swiss Franc

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EURCHF trade ideas

EURCHF TREND REVERSALCurrent trend on the graph shows that market is bullish . There is a series of HH's & HL's. Previously there was a divergence on chart but the trend tested the trendline and continued bullish. But if we look at that point there was no resistance present . If we look now there is a divergence on chart and the chances to change of trend are much stronger because There is a divergence in RSI There is a resistance above Now there are chances that chart might rise to next resistance and retest the trendline , but for the confirmation of bullish trend we we have to wait till breakdown of trendline and also for the new LL . Then we can go for Short Trend.
Short
by asadmohammad019
1
EURCHF intraday dips continue to attract buyers.EURCHF - 24h expiry Our short term bias remains positive. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 20 4hour EMA is at 0.9588. The sequence for trading is higher highs and lows. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 0.9589 (stop at 0.9567) Our profit targets will be 0.9644 and 0.9654 Resistance: 0.9622 / 0.9635 / 0.9650 Support: 0.9579 / 0.9565 / 0.9550 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
1
EURCHF - 4hrs ( Buy Trade Target Range 120 PIP ) 💵Pair Name EUR/CHF Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🌐 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 ) Mid Term Type : Mid Term Swing —————————— Bullish Break 0.95000 Area Reasons - Major Turn level / M - FIxed Range Poc Area - inner Pattern Break - inner Choch Break - De - Value Break Out Bearish Reversal 0.96300 Area Reasons - Major Turn level / D - Pattern Target - FiBo Golden - Poc Area - Quarter's Zone
Long
by GoldenEngine
4
Swiss Franc Weakens after Inflation NewsSwiss Franc Weakens after Inflation News Inflation in the country fell in February to its lowest level in nearly two-and-a-half years, data from Switzerland's Federal Statistical Office showed on Monday. Although consumer prices rose 1.2% compared to a year earlier, there is reason to believe that inflation is slowing down compared to the 1.3% recorded a month earlier. Reuters writes that the Swiss National Bank has kept inflation rates within the target range since May 2023, despite rising rents, sales taxes and energy prices. And the latest news makes it more likely that the SNB will cut rates at its next meeting, scheduled for March 21. Thus, market participants can expect a looser policy and an affordable franc — which is why the CHF has weakened against a number of currencies. For example, the EUR/CHF rate has reached its highest level since November 2023. Wherein: → the price has broken through the downward channel (shown in red), which has been in effect since last summer — it seems that it is already losing relevance; → since the beginning of the year, the rate has already increased by more than 3.5%, which allows us to outline trend lines (shown in blue); → levels 0.94730 and 0.95580 changed their behaviour from resistance to support; → daily RSI indicates that after strong growth, the market is in the overbought zone, which creates the preconditions for the formation of a correction. If the growth continues, an important test of the seriousness of the bulls’ intentions may be the level of 0.96800 – near which important reversals in the EUR/CHF price were previously formed. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
6