EUR/CHF is Bearish
@ Resistance 1.0937
@ Resistance 1.0921
@ Resistance 1.0913
@ Supporting 1.0899
@ Supporting 1.0881
@ Supporting 1.0875
Printable View
EUR/CHF is Bearish
@ Resistance 1.0937
@ Resistance 1.0921
@ Resistance 1.0913
@ Supporting 1.0899
@ Supporting 1.0881
@ Supporting 1.0875
It is the current view that usdchf is continuing the downtrend. Making a top at 0.9845 Wednesday, January 10, usdchf continue the downtrend that start at the top at 0.9977, so we have enough reason to believe that usdchf continue the downtrend. Usdchf has now reached the lowest at 0.9697 which already broke the last bottom at 0.9699. Also, usdchf show strong momentum down still so usdchf possibly continue the downtrend.
In the 1day chart, we see the stoch(5,3,3) strongly showing downtrend and has not reached the bottom level yet, while the macd also still show downtrend signal and the bbands still has to bounced the lower side to be able to reverse.
It's almost 3 months now that eurusd has been on the downtrend since the last top at 1.25548, February 16, 2018. Since then eurusd has been sideways keeping above the uprend trendline. Since last 2 weeks ago, eurusd has broke the uptrend trendline and eurusd now show downtrend. Having broke the uptrend trendline, when now will eurusd make bottom and reverse up.
Pivot Point 1.0933
1 Resistance 1.0951
2 Resistance 1.0963
3 Resistance 1.0981
1 Support 1.0915
2 Support 1.0903
3 Support 1.0885
Resisrance level 1.1230
Support level 1.116
Thanks shukria for the help
-Eur-Chf Daily fundamental and technical analysis
Forex Market Main ajj fibionicci pivot point 63.21% par hai jiss say ye maloom ho raha hai
k ajj market me taazi anay wali hai
traders ke liya zarori hai ke sport or resistence ko follow karen
or market me sell yani nechey ki janab trade ko open kar lain sab
indicator market nechay ki janab he janay ka eshara day rahain hain
EUR/CHF is Bearish
@ Resistance 1.0938
@ Resistance 1.0925
@ Resistance 1.0911
@ Supporting 1.0898
@ Supporting 1.0883
@ Supporting 1.0877
Eur-Chf Daily fundamental and technical analysis
Forex Market Main ajj fibionicci pivot point 63.21% par hai jiss say ye maloom ho raha hai
k ajj market me taazi anay wali hai
traders ke liya zarori hai ke sport or resistence ko follow karen
or market me sell yani nechey ki janab trade ko open kar lain sab
indicator market nechay ki janab he janay ka eshara day rahain hain
At this stage it can be auto pivot point from simply moving average on buy.
MCad showing the simple down trend which can be easily judge without any main reason.
Eur.chf
M5 & M30 also tells us for up trending due to main two green lines shown this.
Support on down side near about its going to be bearish looking for us.
So today is going trend now up and position at here is no danger.
Thats my technical analysis of this pair has similar as today market trend.
EURCHF Trend is sell
1 Resistance level:1.0936
2 Resistance level:1.0925
3 Resistance level:1.0913
1 Supporting level:1.0892
2 Supporting level:1.0884
3 Supporting level:1.0879
Forex Forecast with price level
EUR/CHF - pair in focus.
Current Price - 1.0955
main support level - 1.0941
main resistance level - 1.0972
Pair likely to be in Sell today.