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 7 EURCHF sets for a bullish retracement as the market becomes oversold. The market’s order flow exhibited a bearish sentiment well in advance of the recent rebound from the descending trendline. The substantial drop from the bearish order block within the supply zone at 0.96900 indicates a prolonged dominance of bearish […]
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 – September 18 EURCHF price movement potential impact might be a bullish trend. EURCHF price has experienced a significant decline after breaking its previous structure. This downward movement started in early June 2022 and continued until late September 2022. Following this final leg, the price began a notable pullback that persisted throughout April. […]
Market Analysis – August 30 EURCHF established a bearish breakout from the falling wedge in July. Shortly after the daily candles pressed on the resistance trendline at the supply zone of 0.9840, the price crashed rapidly to enforce the breakout. EURCHF Key Levels Demand Level: 0.9520, 0.9400, 0.9350 Supply Level: 0.9840, 1.0000, 1.0070 EURCHF Long-term […]
EURCHF Analysis – Sellers Could Regain Control Next Week EURCHF traders are closing their trade with bullish gains, but market dominance is still lacking from the bulls. Instead, the price has been in a bearish trend. After a period of consolidation, the ongoing situation in EURCHF suggests a pullback in price due to selling pressure. […]
Market Analysis – August 8 EURCHF has displayed a strong inclination to rise as it launches from the in-demand level of 0.9550. The breakout from a downward-sloping triangle resulted in a bearish displacement, leading the price to purge to the support level of 0.9550. EURCHF Key Levels: Demand Levels: 0.9550, 0.9370, 0.9300 Supply Levels: 0.9650, […]
Market Analysis: July 31 EURCHF has recently undergone a significant bearish breakout, plummeting below the crucial equal lows of 0.9670. This rapid and forceful downward movement created a fair value gap, underscoring the strong selling pressure in the market. EURCHF Key Levels Demand Levels: 0.9520, 0.9500, 0.9520 Supply Levels: 0.9630, 0.9650, 0.9670 EURCHF Long-term Trend: […]
Market Analysis: July 28 EURCHF has been experiencing a continuous decline following a bearish break of its structure. This downward trend was initiated after the swing low of 0.9880 formed on January 18th. During this downward delivery, the market has witnessed intense price action with noticeable pullbacks and ranges. Key Levels for EURCHF Demand Levels: […]
