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Eurchfanalysis

Swiss franc reaches parity with euro: 0.98 next? The euro-Swiss franc ( EUR/CHF ) exchange rate is in the spotlight today as the pair returned to hit parity for the second time since early March. The eurozone's worsening economic outlook continues to push ( EUR/CHF ) lower, and the market appears to be giving more credit to the Swiss National Bank's (SNB) ability to continue rising rates to curb inflation. Yesterday, GfK's consumer confidence index for Germany predicted a drop from -26.0 to -27.4 in July, a new series low, while today German inflation in June jumped to 7.6% year on year (y/y), albeit to a lesser extent than anticipated (8% y/y). However, the beginning of the euro's bearish phase versus the franc was triggered by the SNB's unexpected half-percentage-point increase in interest rates on June 14, when the market expected rates to remain unchanged. It was the SNB's first rate rise since 2007, after maintaining the rate at a record low of -0.75 percent since 2015, and it signalled a significant shift in monetary policy. It also communicated to the market that the SNB is ahead of the ECB in terms of rate hikes. SNB Chairman Thomas Jordan stated that more monetary policy tightening will be required to return inflation to the central bank's objective of 2%. This made the franc the best-performing major currency in June, appreciating versus the greenback ( USD/CHF ) as well. Technically speaking, the EUR/CHF pair entered oversold territory as the 14-day relative strength index (RSI) dropped below the 30 level mark. The MACD indicator is not signalling a bottoming out. This fresh drop to parity level in EUR/CHF does neither reflect a bullish divergence, as the RSI is updating new lows simultaneously with prices, nor a bullish reversal after a double bottom, since the neckline technical figure is absent in the chart. The next EUR/CHF support level is now at 0.98, which was reached at the end of January 2015. Idea written by Piero Cingari, forex and commodities analyst at Capital.com
by Capitalcom
EURCHF: Sell rallies!EURCHF Intraday - We look to Sell at 1.0169 (stop at 1.0192) Daily signals are bearish. Preferred trade is to sell into rallies. 50 4hour EMA is at 1.0172. Our profit targets will be 1.0111 and 1.0101 Resistance: 1.0120 / 1.0150 / 1.0170 Support: 1.0100 / 1.0050 / 1.0000 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
EURCHF (LONG) 🔥🔥🔥ENTRY OPPORTUNITY Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck
Long
by Thewest-sidetrader
EURCHF | Perspective for the new weekThere is wide speculation that the Swiss National Bank (SNB) could wait to raise interest rates until September and if this comes out to be true; this could hamper the CHF’s appreciation. Sellers' inability to push price below the 1.02400 area in the last couple of weeks is a signal emphasising the buyer's strength at this juncture in the market. Hence, I shall be looking for buying opportunities at a break above of the channel identified on the hourly timeframes. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
1
EURCHF – be patient, an opportunity to short will come soon..This pair was strongly bearish recently, but 2 weeks ago it started consolidating. The consolidation is rather tight, all the moves up or down have been contained within 1 bearish candle (the H4 candle of 19 May). My bias continues to be bearish, mainly for 2 reasons: the preceding trend was bearish and price is below the 200dma. This trade can be taken in a few different ways, such as: at the top of the consolidation range (if price rises again). at the bottom of the range close to the breakout. after the breakout, upon a retest of the bottom of the range. You should choose the way forward that lies within your trading mindset, fits in your trading plan and comfort level with risk. Either way this could be a good or even an excellent R/R opportunity, but you have to be prepared for a loss as well. We don’t have a setup yet, so be patient. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
Short
by Trading_Vista
EURCHF: Inflation still a negative catalyst for ECB!EURCHF Intraday - We look to Sell at 1.0326 (stop at 1.0358) Daily signals are mildly bearish. Price action continued to range between key support & resistance (1.0250 - 1.0330) although we expect a break of this range soon. The bias is to break to the downside. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.0330, resulting in improved risk/reward. Our profit targets will be 1.0254 and 1.0220 Resistance: 1.0280 / 1.0300 / 1.0330 Support: 1.0260 / 1.0250 / 1.0230 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
EURCHF | Perspective for the new weekDespite the general expectation of a break under April’s 1.009 lows in the nearest future; I am of the opinion that a bullish bias from this juncture in the market is also a possibility if a breakout/retest of the key level at 1.03400 happens in the new week. So, this video explains in detail what approach I shall adopt to take advantage of any potential impulse move. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
EURCHF| Bearish outlook!Hello everyone, I will be looking for short opportunity on EURCHF. The pair is more likely to continue its decline seeing that it's printing a bearish continuation pattern on lower timeframe. On a weekly timeframe we can tell that it has recently broken a very significant structure level after it has completed a larger timeframe head and shoulders pattern. I will consider paying close attention to further developments for sell opportunities once the bearish continuation pattern gets violated to the bottom. I will have short term targets of 1.01140, 0.99857 and overall target of 0.97445. I will appreciate your continuous support, your likes do really matters to me. If you have any question feel free to ask in the comment section below. Big Love❤️
Short
by Forexintelligence_NA
Jamie Trade Idea - Buying EURCHFTrade Idea: Buying EURCHF Reasoning: Broke above short term resistance, retesting with bullish candle forming Entry Level: 1.03190 Take Profit Level: 1.03840 Stop Loss: 1.03010 Risk/Reward: 3.61:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Long
by Signal_Centre
1