Tag: EURCHF Analysis

EURCHF – the clearest of them all

The EURCHF continues to be the currency pair with the clearest market condition, it is also trading around historical lows and it is likely to continue its way down:

I’m looking forward for a retracement to the ST resistance level around 1.2330

Trade Safe!

Raul Lopez
Forex Training

EURCHF Analysis

EURCHF – Clear bearish condition

Remember we need to be careful about trading only the currency pairs that have clear market condition on both, the short term and long term charts.

The EURCHF meets these requirements, it is trading in a clear bearish condition (broke through an important LT support level) and it is currently trading around historical lows. Also, in the ST charts, it is trading below the ST resistance level.

If the market forms a significant pattern with downward pressure around the ST resistance level, I’ll definitely go short. The EURCHF needs to trade below 1.2402 in order to be considered in a bearish condition.

Trade Safe!

Have a nice week ahead!

Raul Lopez
Forex Training

EURCHF Analysis

Only a few trade opportunities, waiting for US data

The first Thursday of the month is always difficult to trade, because the next day the is the First Friday of the month! :) and you know the US unemployment report I due this day…

However, there about 5 currency pairs that I like today, the EURCHF is one of them:

It is trading in a very clear bearish condition and the next LT support level is at 1.2441, so we still have some room to get a good risk-reward ratio if we get a chance to short it.

Trade Safe!

Raul Lopez
Forex Training

EURCHF Analysis

EURCHF – Still bearish…

Its been a while since the EURCHF was rejected from a LT resistance level (its been in a range for 10-12 days), but still, it is in a bearish market condition. What is interesting is that it is currently trading at a level where we could get a signal to go short:

The next LT support level is at 1.2441, more than +450 pips from where it is currently trading.

Trade Safe!

Raul Lopez
Forex Training

EURCHF Analysis

EURCHF – Still bearish

Last week I wrote about the EURCHF, it got rejected from an important LT resistance level. Since then, it has moved down more than 200 pips, but I haven’t been lucky enough to get my short signal… and I’m still looking for short opportunities:

Even though it looks like today it is retracing, in the short term charts it is trading just at a level where I could get my signal to go short… I hope I can get it…

Trade Safe!

Raul Lopez
Forex Training

EURCHF Analysis

EURCHF – Rejected from resistance level

Its clear that the EURCHF has been rejected from an important LT resistance level:

What I like about the EURCHF is that it is trading more than 500 pips away from where the next LT support level is at. So we have plenty of room to get a trade with a good risk reward ratio.

Trade Safe!

Raul Lopez
Forex Training

EURCHF Analysis

EURCHF – Medium Term Range

The EURCHF is trading in a clear 4H range, as you know, we should always adapt our strategy to the market conditions, in this case, I’m going to try to find long opportunities around the bottom of the range and short opportunities around the top of the range:

All take profit orders must be set just below the resistance level if going long, and above the support level if going short.

Trade Safe!

Raul Lopez
Forex Training

EURCHF Analysis

EURCHF – Trading around historical lows

The EURCHF is another cross trading at historical lows, some traders don’t feel comfortable trading them at historical lows/highs, but its not always about buying low to sell high, sometimes its about buy high to sell higher or vice versa.

If you want to feel safer wait for the EURCHF to break the short term support level around 1.2467 to start looking for short opportunities:

If I get my signal I’ll use a 3:1 RR ratio as we don’t have more LT support levels.

Trade Safe!

Raul Lopez
Forex Training

EURCHF Analysis

EURCHF – In a short term range

The EURCHF is another currency pair that is trading in a short term range around an important LT support level. The only difference is that the range in the EURCHF is clearer than that of the USDCAD:

In this case, I’d look for short opportunities around the top of the range and long around the bottom of the range (because the range is well defined).

Do you like to trade ranges?

Trade Safe!

Raul Lopez
Price Action

EURCHF Analysis

EURCHF – Just broke the range

The EURCHF was trading near a LT level (in a short term range in between 1.3271 and 1.3465). A few hours ago, it broke through the ST resistance level triggering a bullish market condition:

As long as the EURCHF keeps trading above 1.3465 I will be looking for long opportunities (all short will be ignored).

The next LT level is at 1.3791

Trade Safe!

Raul Lopez
Forex Training

EURCHF Analysis