Tag: EURCHF Analysis

Have you seen where the EURCHF is trading at?

Since the bank of Switzerland intervention blast year I haven’t placed a trade on the EURCHF. And I really missed it, it was a good cross, it had nice swings, and most of the time they were smooth.

Do you think it will good for trading some day? Or have you even placed a trade here since the intervention?

Take a look at it now:

It is getting closer to the 1.2000 level, remember the bank of Switzerland said it will not allow the EURCHF to trade bellow 1.2000? Do you think it will intervene again? I think so… So for now, I’m just going to forget about the EURCHF and focus on other crosses.

Trade Safe!

Raul Lopez
Forex Coaching

bank of switzerland, EURCHF Analysis, forex, intervention

Its CHF crosses time… again!

Yeah, that’s right… its CHF crosses time again… Most CHF crosses retraced back after the SNB intervention a few weeks ago, but as I said before, the market is the market, and it doesn’t matter what a central bank says, how many times they intervene, the market will always move based on supply and demand, and it looks like the demand for CHF crosses its increasing again…

Most CHF crosses got rejected from an important resistance level and looks like all of them will continue to appreciate. Take the EURCHF for instance:

The next support level is at 1.0245, more than 1000 pips (not a typo) from that level! So what am I going to do here: LOOK FOR SHORT OPPRTUNITIES!

Trade Safe!

Raul Lopez
Forex Training
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EURCHF Analysis, forex, trading

Stubborn? A little, but I still see the EURCHF higher

I think the EURCHF still has some room left, I know, it has been trading in a short term range since last week, but it isn’t that bad, after all, the clearer the S&R levels on the short term charts, the better for us (at least for me), a feel way more comfortable taking trades off clear S&R levels…

So as long as the EURCHF trades above the short term support level (green lower level) I’ll be looking for long opportunities.

I have my next LT resistance level around 1.1806

Trade Safe!

Raul Lopez
Forex Course
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EURCHF Analysis

More on CHF crosses (and EURCHF)

It’s obvious that most CHF crosses are having a retracement, especially after all the SNB talk about a possible intervention and an eventual Euro peg (if CHF crosses continue to appreciate). Well, all these talks have leaded most CHF crosses to a retracement… and if they are to retrace, most them have enough room to get a nice trade out of them…

As I have mentioned before, based on the current conditions, it is only recommended to choose one CHF cross to trade, because you open more than one trade, you are going to get the same result on all of them, and if you take more than one trade, you’ll end up risking more than you feel comfortable with.

Anyway, I would favor the EURCHF here. It still has around 500 pips before it hits the next LT resistance level and it is trading above every important level on the short term charts:

I’ll be looking for long opportunities in the EURCHF as long as it trades above 1.1267

Trade Safe!

Raul Lopez
Forex Training

CHF Crosses, EURCHF Analysis

EURCHF – Trading Scenarios, still looking for short opportunities

We’ve been talking about CHF crosses a lot, but hey, if they are giving us opportunities, why not taking advantage of them? Which is exactly our job as Forex traders, find the currency pairs that have the clearest market condition, it doesn’t matter if the market has already moved 1000 pips:

  • if it is bearish, look for short opportunities
  • if it is bullish, look for long opportunities
  • if you have no idea of what the market will do, stay away from it.

Anyway, I think that as long as the EURCHF keeps trading below the short term resistance level at 1.0446, there is still room for it to reach lower levels:

So I have two scenarios for the EURCHF:

  1. If it retraces back to the ST resistance level and forms a significant pattern with downward pressure I’ll go short.
  2. If it breaks the lowest low (reaches historical lows again) I’ll wait for significant pattern with downward pressure.

Trade Safe!

Raul Lopez
Forex Course

EURCHF Analysis

GBPCHF, EURCHF, CADCHF and USDCHF bearish

All these crosses are trading in a very clear bearish market condition, and I will be looking for short opportunities and all of them. But you need to remember something, all of them have a degree of correlation, so although I’m looking for trade opportunities on all of them, I will only trade one.

What happens if I take a trade on two of them? I’m likely to get the same result on both of them, and I wouldn’t mind if the market goes on my favor, but what would happen if the market goes against you? I’ll be risking more than I’d like to on a single currency.

That’s the reason I recommend to trade only one of them!

Are you trading these crosses?

Trade Safe!

Raul Lopez
Forex Training

CADCHF Analysis, EURCHF Analysis, GBPCHF analysis, USDCHF analysis

EURCHF – Looking for short opportunities

The EURCHF it’s been trading near all time lows since the 23rd of March, since then it’s been falling down and trading in short term ranges giving us opportunities to take short positions. Last week it broke the bottom of the short term range indicating a strong bearish sentiment:

On the short term charts, the EURCHF looks like it will continue its way down, the short term resistance level is holding and every time it gets close to the resistance level around 1.1958 it show downward pressure:

As long as the EURCHF continues to trade below the short term resistance level I’ll be looking for short opportunities.

Trade Safe!

Raul Lopez
Free Advanced Forex Course

EURCHF Analysis

EURCHF – Trading at historical lows

The EURCHF just broke through an important ST support level triggering a very clear bearish market condition:

I’ll be looking for short opportunities as long as the EURCHF keeps trading below 1.1958. All trades taken below this level should have a risk reward ratio of at least 3:1.

Trade Safe!

Raul Lopez
Forex Training

EURCHF Analysis

EURCHF – Looking for short opportunities

The EURCHF is trading in a clear bearish market condition (around historical lows). As long as it trades below 1.2062 I’ll be looking for short opportunities:

I’d like to see how the EURCHF reacts around the ST resistance level, if it forms a significant pattern with downward pressure I’ll definitely go short.

Trade Safe!

Raul Lopez
Forex Training

EURCHF Analysis

EURCHF – Trading at ST resistance level

The EURCHF is trading in a bearish market condition (I’m looking for short opportunities). In the short term charts, it retraced back to the ST resistance level, where we could get our signal to go short:

In order to enter the market I need:

– Downward pressure
– At an important level
– Significance

I’ll keep looking for these three factors…

Trade Safe!

Raul Lopez
Forex Training

EURCHF Analysis