Thread: Eur/Chf
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Daily Forecast
Pair: EURCHF
Major Trend: Bullish
Time Frame: H1
Reason: The pivot point is at 1.2020 today has been corrected, and then the price can be expected to retest on 1.2031 resistance area to, and if broken, the price will retest the resistance at 1.2039. Price has entered the top Bollinger band. While the RSI and Stochastic broke through the line 50 and move up
Recommendation: Buy with a target of 1.2031
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the price seems to move in downward trend today on the EURCHF chart as there are a red dots above the bars and as long as the price keeps lower than the strong resistance of 1.203 which is also the weekly Pivot point then it seems that the price may keep going south till it can hit the weekly pivot support at 1.2001 .
In other scenario if the price can break the resistance 1.203 and get a bullish signals by a blue dots then its expected to keep going north till the resistance of 1.2048 as the next weekly Pivot point.
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pair- eur/chf
analysis time frame- m30
the price down movement is not able to break the lower support at 1.2009 level and moving up side with breaking the resistance at 1.2024 level. this up movement is now rejecting so price may again hit the lower support. short with profit target at 1.2000
good luck.
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there are bullish channel drawn on the EURCHF hour chart as you can see at the picture and also you can mention the yelow color of the moving average which mean that the price is heading up for the current period.
The market opened today at a higher values than the daily pivot point at 1.2017 and according to the data shown it seems that the price may keep going up till it can reach the first daily pivot resistance located at the price of 1.202 if the WPR indicator didn't show any opposite downward signals.
And in case of reaching the target you can keep buying till the next resistance at 1.2024 which is a very strong resistance level to reach before the end of the day.
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
the EURCHF pair is now moving at a bearish trend which can be recognized by the down red arrow above the price and at the same time you can monitor the sell cross between the snake and T2_clean on the 1H chart.
Now to define the levels which may affect the direction you can use the support level at 1.2005 as a good area to claim the profits or keep selling if the price breaks it down while on the other hand the level 1.2025 could be used as a resistance which the stop loss level can be set.
Finally selling can be the right decision for now until an opposite buy cross occurs on the indicators or a blue up arrow is shown![]()
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Analyzing the EURCHF for today the price now is located above the grey level 1.2018 which is considered as the support point at MBFX indicator in the same time the vestro indicator shows a bearish saturation as it is last signal.
At this situation I can guess that the price may head up to the next MBFX level at the resistance located at 1.2021 as the first buying target for now and may continue to reach 1.2023 as the second resistance level for MBFX indicator.
But if the price breaks level 1.2017 then it cancels the up thinking about selling![]()
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
English rewrite
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
A clear cross is occurs on the momentum indicator on the EURCHF chart as the blue line goes above the red one to perform a good buying signals for the current time.
By the way the yellow color is shown on the Oracle Strength indicator and then it can be considered as a upward direction signal for the EURCHF To add strength to the direction the Oracle direction indicator should be useful and by a quick look you can see the blue color on the arrows to perform a upward signal on the short term.
Now according to these data I think a upward trend should be in action as long as the momentum buy cross still on the chart and a buy trades can be taken as long as the ATR indicator keep showing a buying signals.
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
A bullish cross is now active on the EURCHF pair between two EMAs 9 and 152 to indicate that the price may go north on the next few hours.
And if you monitor the Histogram indicator you can easily see it is forming a green line as its last signal to form a kind of bullish signal for the pair by being over the 0 level of histogram.
Another green line is shown when you check the Market emotion indicator which can be a good sign for the beginning of fall for higher prices for the EURCHF Also the slope is moving above the level of 0 at the Guru Angel indicator and the green color is shown to indicate a bullish direction by the current time.
As you can see it is clear that the price may go north to test the next resistance at the area of 1.2083 at the next few hours so I recommend a buy orders as long as the indicators keep showing the same signals![]()
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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