Although not a big fan of CHF markets due to central bank intervention, but I spotted a nice opportunity for a swing. Looking to short around 1.1677 area for a target to 1.1265, stops above 1.1785.
Expecting EURCHF correction to continue a little more to then start of fresh falls towards my target 1.1365. Look below the link for my previous idea on EURCHF.
The movement of eur prices has been corrected and followed by the trigger volume which causes the price to move according to the trigger related. Therefore, the anticipation of buy or buy limit can be applied to this pattern. If the price has passed the lower limit then the pattern will be invalid.
On Sunday, a referendum was held in Switzerland. There were two issues on the agenda: the initiative on "living money" and the law on gambling on the Internet. The greatest fear among investors was caused by the potential radical reform of the banking sector of the country (Vollgeld). In case of a positive vote for this initiative, the country was in danger of...
EURCHF expectedly could not overcome the lower limit of its medium-term range of 1.15-1.20 and everything goes to the fact that the range trading will continue. And this means that the goal of the current movement is growth to the upper border, that is, to the area of 1.20. What will act as drivers of this growth? From the point of view of the euro-component of...
Technically, the EURCHF is in a rather interesting place for “buy”. 1.15 is the lower limit of the current medium-term range. In addition, in the last couple years, the dynamics of the pair has been upward, which only strengthens the buy signal from 1.15. Yes, there were several reasons for the decline of the pair: political problems and scandals in Europe...
While all the attention of the participants of the foreign exchange market is focused on the Trump’s trade wars and the results of the G-7 meeting (which is already beginning to be called 6 + 1 because of the split among the participants), the political problems of Italy (the populist government is formed and its activity does not bode well) and Spain (corruption...
in this video analysis i have clarified why we took this sell signal on EURCHF
It seems EUR/CHF breakout's bullish trend @ 1.15358, Now there is a good opportunity to bearish until price @ 1.14700
EURCHF is approaching major resistance at 1.1560 (Fibonacci retracement, horizontal pullback resistance, descending resistance) and a strong reaction could occur at this level to push price down towards 1.1455 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 96% where a corresponding reaction could...
EURCHF is approaching strong support at 1.1521 (Elliott wave structure, Fibonacci extension) and what could happen is that it takes out the stop losses below our wave 3 with a wave 5 movement. This would then lead to a potential bounce up to 1.1639 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support...
EURCHF is forming a really nice bearish crab formation with first major resistance at 1.1818 (Fibonacci extension, bearish crab harmonic formation, bearish price action) and a strong reaction could occur at this level to drive price down towards 1.1783 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance...
Hi traders, I love this chart! Bulls are losing control, multiple rejections to the top and there are so many Bollinger Band spikes which is one of my favorite criteria to enter. My first position has been added already and is at break-even now while I am looking to add a new position after the break of the support area. The support area is not the cleanest,...
Our preference: short position below 1.1580 with targets at 1.1520 & 1.1505 in extension. Alternative scenario: in excess of 1.1580, aim for a continuation of the rise with 1.1600 & 1.1625 in the line of fire. Commentary: as long as 1.1580 is not exceeded the risk of a sink of 1.1520 is important.
The trigger for a short entry would be a daily close (5 pm EST) below channel support. However, there is a trend line that extends from the October low that was just breached on a 4-hour closing basis. From here any retest of the 1.1620/30 area as new resistance will likely encounter an influx of selling pressure. Key support comes in at the channel bottom near...