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Eurchflong

EURCHF - A or B??What is the outcome for EURCHF?? Although we like to view 2 solid options for this pair, obviously, as traders we know that anything can happen. Option A: Will the current price drop and retest the support level of 1.08157 before bouncing off towards in the ceiling in a bullish manner? Will wee see the price reach the 1.09186 level? OR Option B: Will the price drop through the floor towards a previous floor level of 1.07427? Currently, we are running two indicators for this currency pair: Our stochastic indicator has reached the lower percentiles of its range, meaning that the price may have became oversold. If we see the red ands blue lines cross, it may indicate a shift in the opposite direction. As well as this, our relative strength index is pointing upwards which also points to a rise in price. Of course as traders we must understand that anything can happen within the forex markets! (Always be prepared for option C!) In this case, Option C metaphorically conveys how ANYTHING CAN HAPPEN! As traders our job is to wait and make correct guesses with validated risk analysis. Happy Trading! Be sure to like this post if you agree with the info above and to give my profile a follow. Roundhouse.
Long
by RoundhouseForex
Possible trend shift in EURCHF – going longThe Tidal Shift Strategy has just bought EURCHF at 1.08488. The system recommends entering this trade at any price between 1.08399 and 1.08577. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 3.18279, which suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is 0.00071, so the stop loss has been set at 1.08131. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 74482 Time Issued: Tuesday, 29 December 2020 08:00:15 GMT Status: open Entry: 1.08399 - 1.08577 Limit: N/A Stop Loss: 1.08131 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
EURCHF is approaching support, potential for a bounce!Price is approaching our first support at 1.08399 in line with our horizontal overlap support, -27.2% Fibonacci retracement and 127.2% Fibonacci extension where we could see a bounce above this level. The Stochastic indicator is also holding above the ascending trendline, showing bullish pressure in line with our analysis. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
2
Possible trend of EURCHFIn my opinion, the chart tends to grow and climb. 💹 but there are strong resistances against the chart too .✋ If the bulls power 🐂 increases and price can break the orange resistance 🟧 , all sale signs will be failed and it may be the beginning of an uptrend 💹 . . . buy signals 🟢 White triangle 🟢 green kumo support 🟢 divergence in MACD & RSI sale signals 🔴 orange resistance 🔴 resistance of fibo RET & EXT 🔴 resistance of last ichimoku high level (blue line) I will be happy to know your ideas. don't forget ❤
Long
by Aaron_Fox
EURCHF, 4hr tf, buy after completion of wave-4Hello my friends, Another setup coming to you. I've already posted NZDCHF, NZDJPY, XAUUSD, and CADCHF. The last trading plan for next week is EURCHF. I am using 4hr time frame for this analysis. As you can see the recent upwards movement could be labeled with Elliott Waves count and i think we're pretty much done with Wave-3. This is now a corrective wave which gonna be Wave-4. I think we could see Wave-4 correction end at 1.0810 area which is the 50% fibonacci of Wave-3. I am gonna set a buy limit around that area. For our protective stop loss it will be at 1.0785 slightly below 4hr support level. I am not using Wave-1 end point as stop loss because in case the Elliott Wave count fails, we have a backup plan of that support level. Buy EURCHF 1.0810 Stop loss 1.0785 Take profit 1.0870 (2.4R) RR Ratio 1 : 2.4 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
1
Possible trend shift in EURCHF – going longThe Tidal Shift Strategy has just bought EURCHF at 1.07984. The system recommends entering this trade at any price between 1.07905 and 1.08063. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.6073, which suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is 0.00063, so the stop loss has been set at 1.07668. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 74135 Time Issued: Thursday, 26 November 2020 18:00:15 GMT Status: open Entry: 1.07905 - 1.08063 Limit: N/A Stop Loss: 1.07668 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
1