EUR/CHF technicals and trade setup

FX:EURCHF   Euro / Swiss Franc
60 0 2
Whipsaws in EUR/CHF             upswings, mounting selling interests as buying momentum shrinks away, October ensures to prolong major sideway trend:

On intraday charts (4H charts), despite the upswings in the last couple of trading sessions, we traced out a long legged doji pattern at 1.0836 levels after testing resistance at this juncture in the recent times that evidences the weakness again in this pair.

The current swings are drifting into whipsaws pattern. Consequently, it is spotted out that the divergence between price curve and leading oscillators.

Contemplating the previous upswings and ongoing whipsaws, we could foresee some price dips in the near term.

On the flip side, we could now see the attempts of spikes pushing above 7SMA after taking support at 1.0837 levels but drifting in narrow range trend.

On monthly plotting, the trend has been very much in the range that has lasted almost more than a year or so.

Last three months have been favorable to the bulls of this pair that have managed to spike above 7EMA to make highs of 1.10009 levels, but in October month, these upswings are wane-out and tumbled below 7EMA again so as to prolong the non-directional trend.

RSI and stochs of this timeframe signal selling interests, while weekly MACD signals this prolonged range.

For the daily trading, tunnel spreads are best suitable considering intraday technical indications. So, snap the rallies to deploy higher strikes in the binary puts while shorting lower strikes simultaneously.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out