EURCHF is approaching the top of the multi year Channel Down pattern with 1D on bullish technicals (RSI = 66.643, MACD = 0.006, ADX = 55.830) but with a weekly chart almost overbought. The 1D RSI has already posted its first LL which suggest an underlying Bearish Divergence. We turn bearish on this pair targeting the 0.5 Fibonacci (TP = 0.9600) like the previous...
EURCHF has turned bearish on the 1D time-frame (RSI = 31.608, MACD = -0.007, ADX = 35.082) but reached the bottom of the 1 year Channel Down pattern. Considering that the 1D RSI got oversold last week and rebounded above 30.000 this week, this constitutes a technical buy opportunity. We are aiming for the 1D MA50 (TP = 0.94500).
See how our prior idea has...
EURCHF has closed under the 1D MA50 for the second day in a row, turning the 1D time frame marginally bearish on technicals (RSI = 44.850, MACD = 0.000, ADX = 18.356). That is a clear break out sell signal, so we turn short, targeting the S1 (TP = 0.967250).
If the price breaks under the S2, we will short again, aiming at a -3.25% total decline (TP =...
EURCHF as I explained from the chart 2 weeks ago eurchf should make a strong correction to the area of 1.06900 after which it should rise again. ( look idea TradingView 25 November)
#EURCHF, EURCHF, professionals increased long position 6% inCHF while reduce short positions 4%, EUR increased short positions 3k. high probable trade opportunity for selling
