Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
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.
Market Analysis – September 29
EURCHF experiences a prolonged downtrend as the bears continue to rule. The bearish break in the structure confirmed the continuation of the downtrend in early July 2022. Since then, the price has been steadily falling without any significant pauses. It finds support at the 0.94000 level.
EURCHF Key Levels
Demand Levels: 0.98600, 0.94000, 0.92000
Supply Levels: 1.00500, 1.02800, 1.05100
EURCHF Long-Term Trend: Bearish
EURCHF remains bearish because of its inability to surpass the 1.05100 supply level. Also, the bearish breach of the structure indicates the ongoing bearish sentiment. This is despite a temporary rise after reaching a low of 0.94000. The failure of the price to break beyond the 0.94000 level suggests that the liquidity to support bearish sentiment has not been provided.
The price started rising immediately after the main low was formed around 0.94000. This erased the previous highs as a sign of market liquidity. However, the price was unable to surpass the 1.00500 level. This indicates that the necessary steps to provide liquidity have been taken.
A strong confluence of factors supports a bearish bias. This includes price rejection from the 1.00500 level and the bearish shift in structure. It is projected that the price will cross the 0.96800 level. It might extend the bearish trend by breaking the 0.94000 barrier.
EURCHF Short-Term Trend: Bearish
EURCHF remains bearish, with the price breaking the 0.96800 demand level and indicating active bearish momentum. However, from the bullish signal from the Moving Average, there may be a price retracement phase leading up to the order block.
Do you want to take your trading to the next level? Join the best platform for that here
- 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
