Market Analysis – August 13 The EURCHF currency pair began the year with a double-bottom reversal pattern, leading to a bullish trend. This trend was evident as daily candles consistently positioned above the 50-period and 80-period Moving Averages. Currently, the market is undergoing a retracement within the well-established downward trend. EURCHF Key Levels Demand Levels: […]
Market Analysis – July 10 EURCHF price has ascended into a bearish mitigation block on the daily chart, terminating at the mid-range of the last bearish displacement from 0.9930 to 0.9480. This bearish mitigation block is currently resisting the upward movement, as expected. EURCHF Key Levels Demand Levels: 0.9600, 0.9440 Supply Levels: 0.9880, 1.0040 EURCHF […]
Market Analysis – June 28 The EURCHF market trend in the 24-hour timeframe is distinctly bearish. However, the pullback within this downtrend has created a strong bullish market structure in the 4-hour timeframe. Synchronizing both timeframes is essential to establish the best forex signals for optimal entry points. EURCHF Key Levels Demand Levels: 0.9500, 0.9400, […]
EURCHF has resumed its upward momentum, striking at the resistance level of 0.9840 as bullish forces gather strength. April witnessed a setback for buyers as their attempts to breach the pivotal 0.9840 level were met with disappointment. The Awesome Oscillator underscored this downturn in bullish momentum, evident in the sudden price retreat below 0.9690. EURCHF […]
Market Analysis- March 18 EURCHF bulls are likely to face a potential resurgence. After experiencing a fall back to the significant level of 0.95660, the bulls are now showing signs of resurgence. Despite facing setbacks in the past, the bulls have shown remarkable resilience. Since February of last month, they have been relentless in their […]
Market Analysis: March 11 EURCHF bulls lose confidence as the price approaches a significant level of 0.96300. Despite defying numerous odds throughout the year, the Bulls have shown persistence in attempting to break out of the long-held trend channel. Last month, they reemerged after the price dropped back to the key level of 0.93000. With […]
Market Analysis: March 2 EURCHF price ticks lower. Recently, the Swiss Franc (CHF) has been gaining strength, leading to a reversal in the EURCHF price. The price has been ticking lower as sellers eye a potential reversal. This downward movement is a result of the CHF’s recent strength, which has been fueled by a rebound […]
EURCHF Analysis – January 29 EURCHF restarts its bearish trend after a significant retreat into the premium zone. Despite what appears to be a definitive rally into the premium zone, the general direction of the market is negative. Since the retest at the resistance of $0.95450, the price has twice bounced off a declining trendline. […]
EURCHF Analysis – January 3 EURCHF approaches a bearish order block amidst the oversold conditions, according to the Stochastic Oscillator. The price dipped to a low of 0.92550, indicating heightened selling pressure. EURCHF is currently in a retracement phase, with a bearish order block near 0.95000. Oversold conditions on the Stochastic Oscillator indicate an impending […]
