EURCHF is approaching our first resistance at 1.1530 (horizontal overlap resistance, 23.6% Fibonacci retracement) which coincides with our short term descending resistance line. A strong reaction might occur below this level pushing price down to our major support at 1.1367 (horizontal swing low support). RSI (55) is also approaching resistance where a reaction...
Do you remember where you were on January 15th, 2015? If you were a leveraged EURCHF trader then you certainly do -- it was on that date that the Swiss National Bank removed the 1.20 price peg from the currency pair. Unless you simply like to hit on 18 in blackjack, or you had inside information regarding the SNB's sudden decision to abandon the price control,...
Technical Analysis: Bias Bearish - The pair has broken below 110-EMA at 1.1741 - Momentum studies bearish, Stochs in oversold territory - MACD supports bias lower - -ve DMI dominance, ADX at 44 and rising - price action has dipped into daily cloud Support levels - 1.17, 1.1678 (23.6% Fib), 1.1643 (200-DMA) Resistance levels - 1.1741 (110-EMA), 1.1788 (5-DMA),...
EURCHF is approaching resistance where we can expect a strong drop. Sell below 1.1653. Stop loss 1.1685. Take profit at 1.1583. Reason for the trading strategy (technically): EURCHF is approaching its resistance at 1.1653 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement) and we expect price to drop to its major support at 1.1583 (horizontal...
Slightly late to the short party here, but the bearish sentiment looks great. Euro weakness seeping in from Italy. Daily ascending trendline now cleanly broken with a re-test. Shorts loaded in and looking for a push lower to S/D zone.
I observed a channel on daily graph and we are very close to top limit of this channel on daily graph also there is a historical resistance around 1.20 price level therefore this area could be nice for profitable trade to short EUR/CHF. My profit target will be around 1.17-1.18. Have a nice weekend, Berk
Trend-line Broken TP and Sl Showing Clearly
EURCHF broke out of our short term ascending support line and is approaching our first resistance at 1.1941 (horizontal overlap resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1.1867 (horizontal swing low support, 100% Fibonacci extension). A breakout...
EURCHF is approaching our first resistance at 1.1955 (horizontal swing high resistance, 78.6% Fibonacci retracement) which coincides with our short term descending resistance line. A strong reaction might occur below this level, pushing price down to our major support at 1.1898 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension)....
THERE IS A TRIPLE BOTTOM STILL IN FORMATION SO WE USE THIS REVERSAL SIGNAL TO ENTER SELLING
EURCHF is approaching our first support at 1.1950 (horizontal swing low support, short term ascending support line). A strong bounce might occur above this level, pushing price up to our major resistance at 1.1979 (horizontal swing high resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic is also approaching our major resistance and we...
EURCHF is testing our short term ascending support line and facing bearish pressure from our short term descending resistance line. A breakout below our ascending support line and our first support at 1.1937 (horizontal swing low support, 23.6% Fibonacci retracement) might provide the bearish acceleration to our major support at 1.1889 (horizontal swing pullback...
EURCHF is approaching our first resistance at 1.1955 (horizontal pullback resistance, 38.2% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1.1925 (horizontal swing low support, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure, in line with our bearish bias....
This pair has finally broken its uptrend. It dropped significantly early in the week but bounced from the 200MAV on H1 and bulls were able to recover. But with poor data from the Eurozone and the ECB staying pat on future monetary policy, the Euro has been sold off across the board. We've now had multiple closes below 200MAV on H1 so it is now safe to short this...
All is clear. On 15.1.2015, the notorious Swiss National Bank (SNB), abandoned the its 4 year tradition of defending the 1.2 level and caused a chaos in FX markets with great consequences. Now and after more than 3 years, the bulls have propelled prices up to this magical level and the Elliott Wave structure also calls for ending of a prolonged move. Also note...
Hi, the price is really close to strong level wait to see a reversal pattern Good luck! :)