EURCHF Analysis – December 19 EURCHF sets to invalidate the 0.95450 swing high as the price continues upward. EURCHF has been bearish on the daily chart for months. The Moving Average Period 50 crossed the Moving Average Period 200 to the downside in May 2023. This indicated a long-term projection of the emerging downtrend. The […]
EURCHF Analysis – December 2 EURCHF resumes its bearish trend as the price falls alongside a falling trendline. The market has been in a bearish environment since March 2023. The RSI (Relative Strength Index) is currently above the 50.0 level. Apparently, the RSI rarely breaks the 50.0 level to the upside. EURCHF Key Levels Demand […]
EURCHF Analysis – November 17 EURCHF is set to flip bullish as the market begins its fifth impulse swing. Recently, the market experienced a bullish divergence as the RSI (Relative Strength Index) posted higher lows against the price’s lower lows. This is likely to boost the confidence of the EURCHF buyers, thereby leading to a […]
Market Analysis – November 8 EURCHF price draws towards the major liquidity pool resting at September’s high. The major high of 0.9690 is serving as a price magnet on the daily chart. This has fostered the formation of a steep upward slope. EURCHF Key Levels Demand Levels: 0.9570, 0.9520, 0.9430 Supply Levels: 0.9650, 0.9690, 0.9730 […]
Market Analysis – November 2 EURCHF price experiences a consistent decline as the price breaks structure bearishly after being rejected at the 1.04800 level. The downward movement of the price has found support at the 0.94000 level, leading to a retracement. EURCHF Key Levels Demand Levels: 0.97200, 0.95450, 0.94000 Supply Levels: 1.00000, 1.01800, 1.04800 EURCHF […]
Market Analysis – October 27 EURCHF bullish trend reverses as the price encounters resistance at the 1.00000 level. Subsequently, the price made a series of lower lows, breaking through the demand level at 0.95250. EURCHF Key Levels Demand Levels: 0.95250, 0.94100, 0.93000 Supply Levels: 0.97000, 0.98350, 1.00000 EURCHF Long-Term Trend: Bearish The price level of […]
Market Analysis – October 23 EURCHF continues to fall significantly as a strong bearish tendency is evident. The price has been declining rapidly with no signs of stopping since the bearish break of the structure at the 1.00500 level. EURCHF Key Levels Demand Levels: 0.95200, 0.94100, 0.93200 Supply Levels: 0.96800, 0.98500, 1.00500 EURCHF Long-Term Trend: […]
EURCHF Market Analysis – October 12 EURCHF price continues to plummet after a swing high was established in mid-June 2022. The price has been following a bearish trend line, indicating a downward trajectory. EURCHF Key Levels Demand Levels: 0.95200, 0.94000, 0.93200 Supply Levels: 0.96800, 0.98400, 1.00600 EURCHF Long-Term Trend: Bearish Following the creation of a […]
Market Analysis – October 6 EURCHF price continues to decline, indicating the market’s weakness since the reversal in mid-July 2022. The price has been diving sharply without any significant retracements until it recently encountered resistance at the 0.94100 level. EURCHF Key Levels Demand Levels: 0.96800, 0.95500, 0.94100Supply Levels: 0.98300, 1.00500, 1.02800 EURCHF Long-Term Trend: Bearish […]
