EUR - BEARISH 1️⃣ ECB President Christine Lagarde told the WSJ that the central bank was ready to unleash further stimulus to support the Eurozone economic recovery, including slashing interest rates deeper into negative territory. 2️⃣ Lagarde also warned that output would not return to pre-pandemic levels until the end of 2022. CHF - BULLISH 1️⃣ The selling...
More than obvious EUR / CHF is going sideways. So the only thing we can do for this pair is sell at 1.08300 area and buy at 1.07350 area.
As you can see there is a trend line breakout with a strong candlestick, our targets are 1.0840 & 1.0870. Don't forget to like and leave me any questions, comments or observations , thank you.
The Euro appears to be gaining momentum after such a long time lingering in the background of a Bullish Franc as it begins to find her way a major Demand level. A bullish engulfing candle breaking out of Major Support/Resistance level last week is a sign that supports a Bullish perspective in the coming week(s). Tendency: Uptrend ( Bullish ) ...
We have already published the opportunity to trade within the range at EURCHF 3 times. It started in mid-July and for 2 months now the price has been moving in this range. As you know, this is a good opportunity to trade from the bottom to the top and back. At this point, the price has bounced off the bottom and we expect it to go to the top again! The...
Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market or on pull back,if my markup is right we are start formed wave of 3 targets: 1.0865 - 1.0915 - 1.0970 after first target reached move ur stop to breakeven stop: 1.0766 (depending of ur risk). ALWAYS follow ur RM . risk/reward 1 to...
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EURCHF decline in a five-wave impulse pattern and also trading below the daily resistance zone. Price is retracing the impulsive decline and has the potential to retest the resistance level . Look for the breakout of the counter trend line and the green level for sell trade confirmation. The breach of the red line will invalidate the bearish outlook. Do...
EUR/CHF has been interacting with the descending weekly trend zone for the past six weeks. We have seen no break to the upside from the descending weekly zone which may mean there is a lack in bullish momentum to break through. Since 2018, every ascending or ranging market that has then met the descending weekly trend zone has broken to the downside. We will...
Hello my friends, I just got this fresh from the oven of my tradingview forex screener. This pair has been in consolidation for 6 weeks and yesterday candle finally showing some strength in bulls. We got all the confirmation needed to take a long position. 1st confirmation is price above the kumo cloud so we only looks to buy. 2nd confirmation is Parabolic SAR...
EUR - BULLISH 1️⃣ Euro was supported by a stronger-than-expected Eurozone's business survey in August, as well as broad dollar weakness in the aftermath of Federal Reserve Chairman Jerome Powell's speech at Jackson Hole. 2️⃣ The US Fed chief also warned about increasing downward risks to employment and inflation due to the pandemic. CHF - BEARISH 1️⃣ The...
The strength of Swiss Franc bewilders us as it was able to contain the hottest currency like Euro. Despite EUR/USD & EUR/JPY moving to great heights, it is still in bearish territory and the counter has absorbed intense buying pressure. Technically, the formation resembles a round top and so a sell-off is on the cards when the Euro corrects against erstwhile currencies.
Eur-Chf is breaking the bearish resistance trendline started from the highs of mid-April 2018. If that will be confirmed by the weekly close, it will give a bullish signal for the currency pair.
EUR - BEARISH 1️⃣ Investors turned to the greenback amid escalating tensions between the world's largest economies after President Donald Trump banned US transactions with two of the most popular Chinese apps, citing national security reasons. CHF - BULLISH 1️⃣ Swiss consumer confidence index improved from a record low. 2️⃣ Diminishing hopes of a swift US...