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EUR/CHF Analysis


acunmeswew

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  • 2 years later...
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Stochastic seems making a cross but envelope and also RSI doesn't show any significant signal on H4. MA100 and MA30 doesn't make any cross too as the price is stay in between and it seems the price of EURCHF will keep sideways and be careful with ZEW sentiment news that might chance the overall trend today.

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Breakout seems happened, technially eurchf's price will continue its bearish after consolidated. The next target should be at around 1.10032 which is the first resistance level, but the flag pole and stochastic indicated the price won't fall down, so if not the price may rise to around 1.1242. 

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  • 2 weeks later...

The price just rebound and closed above MA100 once again. So based on my own analysis the price may have new chance to continue its bullish chance. The correction also i believe will happen and will turn into an for trader to buy and drive prices to rise above resistance at 1.08982. Supported by MA100 which has create a crossover with MA20 technically it will rise.

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  • 1 month later...

EURCHF successfully strengthening itself and break resistance level at 1.10034. Even there's a chance for this pair to rise again, but because of the yesterda's bullish range is quite big and Stoch's overbought position, there is a big possibility for this pair to do correction before continoue the bullish trend.

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  • 2 weeks later...

EURCHF bounced back yesterday, but again they have not been able to make a new high. The scenario for this one if the price is able to rise above 1.11609, the reinforcement is likely to continue even higher, but if it fails then there is a chance for the pair to start forming bearish trend.

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  • 3 weeks later...

EURCHF seems is on rebound but MA100 is quite strong and hold the price at the bay. It seems that MA slope looks flat so there is a possibility that this pair may enter sideways phase right now, but it seems that Stochastic showing near oversold zone so maybe the price will rise after entering sideway phase.

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Failed to pass support at 1.08173 in the end EURCHF rebound the price yesteryday. Now, EC is in bullish state also it followed by bullish crossover on Stoch but MA21 now is showing a potency for bearish cross. Technically it indicated the price is in sideways condition, but NFP tonight may change everything.

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  • 2 weeks later...

Candlestick on H1 chart formed engulfing bullish pattern and this confirmed by bullish  sentiment that easily seen on H1 chart. RSI and Stochastic also respectively showing bullish sentiment with RSI rise to 48 and Stochastic rise to 58. The next target could be at uppper bad which located at 1.00102.

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EURCHF pair seems not under much pressure and the price is tend to form sideways trend, the price seems cannot break the price limitation which has been set by buyer and seller. At this moment it is better to wait and see for the price to break either resistance or support at 1.09646 or 1.09360

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  • 2 weeks later...

Bearish engulfing pattern formed on H1 chart for EURCHF pair, and itmade the price penetrate the psychological level at around 1.09002 . At this momenet RSI 14 also shown that fall down to 48, while Stochastic to around level 43. At this rate there is a quite strong bias for this pair to fall up to 1.08506 or even lower.

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  • 5 weeks later...

EURCHF on H1 chart is hampered by the bearish pressure and still trying to break 1.10032 which is current resistance level. There is actually a potency that this pair fall down if the price cannot rise above resistance, but if the price able to break at 1.10032  then the price could strengthening itself to higher price.

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  • 2 weeks later...
EURCHF opened today just exactly inside of body candle on daily chart and it may give the possibility that today this pair make reversal since on H1 chart EURCHF formed inside bar . This trend supported by KDJ which is showing a crossover on the lower band and the price which past the upper band BB last friday.
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According to the all indicators the price on H1 chart tend to lean on bearish trend. Ichimoku confirm this and so do RSI. The price target is at 1.0957 or a bit lower. MA50 also is still above the current price. If there is breakout in afternoon it possibly reverse the price. So far no indication for correction.

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On h4 chart, eurchf is doing well and it seems under bullish pressure, technically stochastic is showing that the price is under bullish pressure, MACD also on green zone means bullish sentiment. RSI(14) also at level 58 means bullish sentiment. So totally today the price will bullish. Overall, today's sentiment is bullish.

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EURCHF corrected yesterday but didn't change the overall trend for this pair which is bullish. Today the bulish movement seems will continue since RSI also showing the signal for that, and MA100 already broken with the price is moving above pivot level on this H1 chart.

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Finally, EURCHF rebound from the lower band at 1.10402 and closed above sma(10). Other indicators such as Rsi (14) indicated the price will rise. While, Stochastic (5,3,3) is seen rise to area 71. Macd (12,26,9) represented a low higher. Price's bias is bullish with resistance at 1.10807.

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  • 2 weeks later...

Two last longest candle showing that there is a pressure for sell on EURCHF and it is still strong enough. Moreover, the price movement of this pair still below MA100 and below the middle band. Macd formed higher low. There is possibility the price may corrected first before fall down deeper.

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EURCHF observed to formed doji morning star on H4 chart. Price also observed to rise and break EMA (10). Stochastic (5,3,3) also observed to rise at 19. RSI (14) rise to 29 and Macd (12,26,9) forms lowers high. The bias for the price is medium bullish with resistance at 1.09003.

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EURCHF included into must be watch pair list this week becuse there's probability for EU's volatility to rise and severely affected this pair too. This morning the gap opening is noticeable with bullish seems dominate for now. The price still is trying to break the current resistance level on H1 chart and the price in future may dominate by bullish candle now.

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  • 3 weeks later...

EURCHF H1 charts ended up with bullish engulfing pattern formed and the candle of this pair after that break upper band and precisely close just above the upper band. Bias is limited bearish with resistance at 1.08552. Stoch(5,3,3) and RSI(14) respectively both rise to area around 64 and 60 while MACD just formed higher high formation.

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Double top pattern formed on eurchf's 4 hours time frame. The price is closed to near pivot at 1.09087 which become resistance right now. RSI and Stoch also falling down to respectively at 53 and 67 with MACD formed higher low formation. Bias is totally bearish and trying to reach 1.08752 and if can break it may fall further to 1.08452.

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Observed on daily chart it seems that EURCHF will experience on sideways will continue, for the pair trending movement could be a break in one of the top level at 1.1010 or below level 1.0623 , but it seems to be quite difficult to do, so it is likely the price will only play within the range just as expected before, especially with RSI making just small increment to around level 32 from 30.

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  • 2 weeks later...

On 1 hour time frame, EURCHF is currently moving down to the new level at 1.08106, MACD signaled that the market's price has reached the saturation point, it is estimated the market is still going to move up to the level 1.08180 or even more besides this movement is supported by the Super Trend and the Parabolic SAR both of them showed weak bearish sentiment.

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On daily chart it seems EURCHF's price is successfully rise above MA20, so there is bigger possibility for the price to rise up to around 1.08854 and if until that time the pressure still quite high at least, then current MA100 become the next target for this pair. Overall it is very hard to predict the trend but at short term this pair is clearly influenced by buyer.

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