Simple and Accurate Forex Trade Model - Find this on any chart!This is the very basic of what I do. Identify HTF tapering, wait for a buying continuation algorithm to prove control, enter on confirmation.
We now have our targets in place based on our control algorithms (green and yellow) and will take profits based off those as price develops.
Happy Trading :)
EURCHF trade ideas
EURCHF: Confirmed Bullish ReversalEURCHF created a significant inverted head and shoulders pattern on a 4H chart.
Following the release of the German business climate report earlier today, the market surged and broke above both the neckline and a strong descending trend line.
The expanding demand zone consists of two violated structures.
I plan to seek buying opportunities from this area, expecting a bullish extension towards the levels of 0.959 - 0.962.
EUR/CHF Technical AnalysisEUR/CHF Technical Analysis
Timeframe: 15-Minute Chart
Chart Overview:
In this 15-minute EUR/CHF chart, we observe a clear descending trend characterized by lower highs and lower lows. The price action reflects a bearish sentiment with key support and resistance levels marked to guide potential trading decisions.
Key Elements:
1. Descending Channel:
- The price is moving within a descending channel, indicating a prevailing bearish trend. The channel is defined by the upper resistance trendline and the lower support trendline.
- This channel suggests that the price is making lower highs and lower lows, a classic sign of a downtrend.
2. Support and Resistance Levels:
- Resistance Levels: Key resistance levels are marked at 0.97421 and 0.96952. These levels have previously acted as support, but now they may act as resistance as the price approaches them from below.
- Support Levels: Significant support levels are identified at 0.95532 and 0.94752. These levels have provided a floor for the price action in the past and could be potential bounce points.
3. Price Patterns:
A consolidation pattern is observed around the 0.95532 support level, where the price seems to be stabilizing after a significant downtrend.
This consolidation could signal an accumulation phase, where buyers are gathering strength before a potential breakout.
### Conclusion:
The EUR/CHF pair is currently in a bearish trend within a descending channel. Key support and resistance levels provide potential entry and exit points for trades. Volume spikes indicate significant market activity around these levels, making them critical for trading decisions. Always manage your risk with appropriate stop losses and position sizing.
EURCHF POTENTIAL SHORT CONTINUATIONHello Everyone!
How are you all?
EurChf is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The trend is bearish.
2. The price has formed a continuation structure and it is approaching the value area.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High and makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
Strong buy for EURCHF, 2hrEURCHF has reached a a very strong weekly low that has made it to bounce of it and change direction. For EURCHF we have been buying low and selling high. It respects the most of the simple patterns and respects them.
For now the focus on the 2hr chart says that we are looking to bullish and we have lost the selling momentum. We have been selling for the month of June and we are hopefully going to follow the uptrend movement. Our downtrend resistance trendline that the pair has respected for more that three times has been broken and the pair got enough strength to push above it from the Inverse Head & Shoulder created.
EUR/CHF: Navigating SNB Cut and French Election DynamicsHey Traders, In today's trading session, we are closely observing the EUR/CHF pair for a potential selling opportunity around the 0.95500 zone. This level is identified as a key support and resistance area, aligning with the ongoing downtrend. The pair is currently in a corrective phase, approaching the trend line near the 0.95500 level.
Recent Developments:
Swiss National Bank (SNB) Policy Adjustment: Yesterday, the SNB implemented a 25 basis points rate cut. This move typically signals a dovish monetary stance, which might initially weaken the Swiss Franc.
French Elections: As we approach the French elections, demand for the Swiss Franc is anticipated to remain robust. Political uncertainty often drives investors towards safe-haven currencies like the CHF.
Given these dynamics, we expect the recent SNB rate cut's impact on the Swiss Franc to be temporary. The heightened demand for the Franc amid electoral uncertainty should bolster its strength, making the 0.95500 zone a critical level to watch for potential selling opportunities in the EUR/CHF pair.
Best Regards,
Joe
EURCHF Will Move Lower! Short!
Take a look at our analysis for EURCHF.
Time Frame: 2H
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.954.
Considering the today's price action, probabilities will be high to see a movement to 0.950.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURCHF is BullishPrice was in a downtrend, but now bulls seem to have assumed control of the price action as they have managed to break previous lower high and print a new higher high. Currently price is in trying to print a higher low, after which if it manages to break precious higher high a bullish rally could be triggered. Targets are mentioned on the chart.
EURCHF Price Analysis: Triple Bottom Signals a bullish momentumEURCHF Price Analysis: Triple Bottom Signals a bullish momentum
On the 4-hour chart, the price tested 0.9480 for 3 times indicating the possibility of a triple bottom pattern.
Today after the SNB Interst Rate decision, the price broke out of the pattern and is rising more by confirming in this way the bullish reversal pattern.
This pattern can push the price further and will also be supported by the SNB news.
🚨Breaking:
The Swiss National Bank (SNB) board members decided to cut the benchmark Sight Deposit Rate by 25 basis points (bps) from 1.50% to 1.25%, following its quarterly monetary policy assessment on Thursday.
The decision came in line with the market expectations.
The SNB announced a surprise 25 bps rate reduction in March to 1.50%, which made it the first major central bank to dial back tighter monetary policy - as reported by FXstreet.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
EURCHF | Short D1 | Market Exec | Building Momentum for Risk OffTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames
- Stochastics are also Overbought in multiple Cross-CHF pairs and even on USDCHF pair.
- Price action is close to multiple Supply zones
- Price action is close to multiple Resistance Trendlines as well
- Targeting the 50% Fibo retracement for this trade
Fundamental Confluences for Trade:
- There seems to be some disconnect between asset classes and with everyone already so 'risk-on', the risk-off build up momentum is ripe for the taking.
Suggested Trade:
Entry @ Area of Interest 0.9830 - 0.9870
SL @ 0.9942
TP 1 @ 0.9720 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.9598
Risk-to-Reward @ Approx. 2.59 (Depending on Entry Level)
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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EURCHF Trade Signal: SellTraders, we have identified a new trading opportunity for the EUR/CHF pair. Here are the details for your consideration:
- Direction: Sell
- Enter Price: 0.94941
- Take Profit: 0.94674
- Stop Loss: 0.95352
Justification:
Our forecast is based on the analysis conducted using the EASY Quantum AI strategy. This strategy combines advanced technical indicators with AI-based algorithms to predict market movements with high accuracy.
1. Technical Indicators: The moving averages and relative strength index (RSI) are pointing towards a bearish trend. The pair is currently facing resistance levels that suggest a potential downtrend.
2. Market Sentiment: Recent sentiment analysis shows a stronger Swiss Franc compared to the Euro, driven by economic reports and geopolitical factors favoring the CHF.
3. AI-Based Analysis: The AI component of our strategy highlights a higher probability of a price decline, as indicated by historical patterns and real-time data inputs.
Please proceed with caution and ensure that you set the entry price, take profit, and stop loss as specified.
Stay informed and trade wisely!
Happy Trading!
Trade Signal: EURCHF - BuyTraders, we have identified a potential buying opportunity for the EUR/CHF currency pair.
Direction: Buy
Enter Price: 0.9495
Take Profit: 0.95138667
Stop Loss: 0.94769667
Our signal is based on the analysis performed using the EASY Quantum Ai strategy. Here's why we believe this movement is likely:
1. Trend Analysis: The EUR/CHF pair has shown a consistent uptrend in recent sessions, supported by positive macroeconomic data from the Eurozone.
2. Technical Indicators: Key technical indicators such as moving averages and RSI have aligned, indicating potential upward momentum.
3. Support and Resistance Levels: The entry price at 0.9495 is positioned at a significant support level, enhancing the probability of an upward move.
4. Market Sentiment: Current market sentiment favors the euro over the Swiss franc due to differing economic outlooks and monetary policies.
Remember, all trades carry risks, and it's essential to use appropriate risk management strategies. Always perform your own analysis or consult with a financial advisor before making trading decisions.
Good luck, and trade safely!
EURCHF → A safe CHF could lead to a fall in the pairing OANDA:EURCHF is actively declining towards 0.9677 and is not ready to go up yet. Based on the general fundamental background, the currency pair may continue to fall towards 0.96 or 0.95
After a false breakdown of the range support, there is no strong reaction and the price returns to the level (retest). Fundamentally, CHF is stronger than EUR.
The reason for the strong fall of the currency pair is the strong Swiss franc, which is getting stronger on the background of growing risks of recession in Europe, because in this case the Swiss franc plays the role of a hedge asset. The situation is such that determines the medium-term potential. The currency pair may continue to decline after the breakout and consolidation of the price below 0.9677. In addition, the decrease in the ECB interest rate is also a favorable background
Resistance levels: 0.9738
Support levels: 0.9677
I expect that a retest of the support may lead to a breakout of the level, which will provoke a strong sell-off in the market.
Regards R. Linda!