Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Key Resistance Levels: 1.0800, 1.0900, 1.1000
Key Support Levels: 1.0600, 1.0500, 1.0400
EUR/CHF Price Long-term Trend: Bearish
EUR/CHF pair is in a downward move since March. The currency price was making a series of lower highs and lower lows. The price is correcting upward to reach the previous highs. If price faces rejection at the recent high, the downtrend will resume. On the other hand, if price breaks the resistance line of the descending channel and closes above it, the uptrend will resume.
Daily Chart Indicators Reading:
The pair is at level 54 of the Relative Strength Index period 14. It implies that the pair is in the uptrend zone and above the centerline 50. EUR/CHF is approaching the oversold region of the market. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend.
EUR/CHF Medium-term Trend: Bearish
On the daily chart, the pair is falling. Meanwhile, on April 12 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the pair will fall to level 1.618 Fibonacci extensions or the low of level 1.0894. From the price action, the pair has retested the Fibonacci extension and has resumed its upward move.
4-hour Chart Indicators Reading
The moving averages are sloping downward indicating the downtrend. The pair is above the 75% range of the daily stochastic. It indicates that the market is in a bullish momentum.
General Outlook for EUR/CHF
EUR/CHF pair is in a downward move. The downtrend will continue if it pair faces rejection at the recent high. From the price action, the market is reversing to resume an upward move.
You can purchase crypto coins here: Buy Tokens
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing
results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
