Comment:
EURCHF Weekly and Daily timeframes show downtrend by Ichimoku.
Ichimoku Trend Analysis (Daily timeframe):
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
Market has been resisted by Tenkan sen and down since 17 Sept. As long as market is below Tenkan sen, continuously look for a selling...
Possible buying opportunity in EUR/CHF in the next few days! We have been going through a daily descending correction over the past couple of weeks, this shows a lack of intent for price to push lower. If we see buyers come into the market and push price up impulsively then there may be a possibility of a buying opportunity from a higher low point. The first...
Expect short opportunities around 1.04800 area, bearish market structure on a HTF orderblock h4 + imbalance fill, right now price took out liquidity from the retail trendline and should reverse. I will announce you when i will entry there !
What do you think ? Comment below..
Hi Folks:
Seems pretty clear that we are being attracted by the safe haven currency of the CHF and the support area (see black arrow).
Nothing much to add at this point, just patience to reach a possible reversal area and in the meantime scalping some pips here and there.
Cheers
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EURCHF Trade Setup.
SL: 1.0400
TP: 1.0700
This is not investment advice
Hey traders,
As you remember we spotted a breakout of a major key weekly structure on EURCHF.
Finally we see the retest.
Analyzing the intraday time frames I spotted a falling parallel channel.
This morning the price formed a descending triangle formation on its resistance.
Now we see its neckline breakout.
I...
Price is abiding to the descending trendline resistance, signifying bearish momentum. We can expect price to drop from pivot level in line with 61.8% Fibonacci projection and 61.8% Fibonacci retracement towards take profit level in line with 78.6% Fibonacci projection . Our bearish bias is further supported by ichimoku indicator where the price is holding below...
It is very likely that EURCHF will go up. EURO is very cheap now. We're below price which we have not seen from May'20. I opened long position with SL around 1.0420 level. TP is open.
EURCHF is around an important level (Resistance), also a Fibonacci key level (0.618), going into a bearish trend since many weeks.
Will our short sell get activated ?
Time will tell
~ Cyril
Technical view on the market, which isn't an invitation to buy or sell, But only for learning purposes and sharing my thoughts.
Attention :
Always use a proper risk management in trading.
Be safe and trade responsibly
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1. Be aware that the SNB (Swiss National Bank) had set a minimum exchange rate of 1.20 CHF per EUR for some years to keep Switzerlands economy in place, because we rely on exports.
2. This synthetically set level can be seen in the period from 2012-2013 where the price basically did nothing for weeks and was just kept alive at that rate
3. On 15.01.2015 this...
Comment:
EURCHF Daily timeframe shows it's a bearish market by Ichimoku.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) are down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
Market broke the support level of 1.0507 from April and May 2020 and all the Ichimoku lines showing bearish signal. Since market just broke the...
Hello Traders,
Here we have a EURCHF long trade idea. If you like this idea please show your support!
This trade idea is based off the fact that the Euro (EUR) is reaching a monthly low since July 2020. We are expecting some strength as this is approaching a trendline & structure level at the lower end of the channel so we are expecting a reversal soon....
The Euro vs. the Swiss Franc. This pair is known as a pair trend because there are often long upward or downward trends. It is also often adapted to Swing Trading but because of its lack of volatility it is less popular with scalpers. The EUR/CHF and the USD/SHF exchange rates are highly positively correlated.
FXCM
