AUDCHF potential bearish breakout | 17th Dec 2021Price is abiding to the triangle formation, price tried to breakout of the descending trendline resistance once but failed to do so. We can expect price to drop from further from the pivot level in line with 61.8% Fibonacci retracement and 100% Fibonacci projection towards the take profit level in line with 61.8% Fibonacci retracement and 161.8% Fibonacci projection . Our bearish bias is further supported by the stochastic indicator where the %K line is near the resistance level .
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Aud-chf
AUDCHF potential bearish breakout | 17th Dec 2021Price is abiding to the triangle formation, price tried to breakout of the descending trendline resistance once but failed to do so. We can expect price to drop from further from the pivot level in line with 61.8% Fibonacci retracement and 100% Fibonacci projection towards the take profit level in line with 61.8% Fibonacci retracement and 161.8% Fibonacci projection. Our bearish bias is further supported by the stochastic indicator where the %K line is near the resistance level.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDCHF potential for further downtrend | 9th DecPrice is abiding by the descending trendline and near sell entry price of 0.66194 which is also 50% Fibonacci retracement and 161.8% Fibonacci projection . Price can potentially dip to the take profit level of 0.64117 which is also the graphical swing low level. Our bearish bias is supported by the stochastic indicator as it is near resistance level .
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Wait for the price to return to the confluence with AUDCHFH4 time frame.
Structure: Strong downtrend.
Currently, the price has an upward move towards the 0.67000 resistance zone.
This is the confluence between the resistance, the trendline, and the 50% Fibonacci zone of the current downtrend.
Waiting for a bearish reversal pattern to form here, a buying opportunity can be found.
Profit target is 0.63000 price zone.
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Wish you all have a good trading day!
AUDCHF potential short-term bullish bounce | 6th December 2021Price is abiding to a descending trendline resistance, signifying an overall bearish momentum. However, we can expect price to make a short-term bullish bounce from the pivot level in line with graphical overlap support on the daily and 100% Fibonacci projection towards take profit level in line with 38.2% Fibonacci retracement and 161.8% Fibonacci projection . Our short-term bullish bias is further supported by the stochastic indicator where the %K line is at the support level .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDCHF potential short-term bullish bounce | 6th December 2021Price is abiding to a descending trendline resistance, signifying an overall bearish momentum. However, we can expect price to make a short-term bullish bounce from the pivot level in line with graphical overlap support on the daily and 100% Fibonacci projection towards take profit level in line with 38.2% Fibonacci retracement and 161.8% Fibonacci projection. Our short-term bullish bias is further supported by the stochastic indicator where the %K line is at the support level.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDCHF testing a weekly support 🦐AUDCHF on the daily chart reached as expected the weekly support.
The price could show us some bounce over it and according to Planton's strategy if the market will break below satisfy the ACADEMY rules we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
AUDCHF potential bullish reversal | 3rd Dec 2021Price is currently on the graphical overlap support. We can expect price to bounce from the pivot level in line with the 100% Fibonacci projection to the take profit level in line with 100% Fibonacci projection and 38.2% Fibonacci retracement . Our bullish bias is further supported by the bullish divergence spotted on the RSI indicator.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDCHF potential bullish reversal | 3rd Dec 2021 Price is currently on the graphical overlap support. We can expect price to bounce from the pivot level in line with the 100% Fibonacci projection to the take profit level in line with 100% Fibonacci projection and 38.2% Fibonacci retracement. Our bullish bias is further supported by the bullish divergence spotted on the RSI indicator.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDCHF short-term bullish bounce | 2nd Dec 2021Price is reacting at a graphical level support on the daily, we can assume a short-term bullish bounce from the pivot. We can expect to see a bounce from the pivot level in line with 78.6% Fibonacci projection towards the take profit level in line with 38.2% Fibonacci retracement and 100% Fibonacci projection. Our bullish bias is further supported by the stochastic indicator where the %K line is abiding to the ascending support.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDCHF is on bearish momentum! | 1st Dec 2021Prices are on a bearish momentum. We see potential for a dip from our sell entry at 0.6623 in line with 23.6% and 38.2% Fibonacci retracement towards our Take Profit at 0.65144 in line with 200% Fibonacci Projection . Technical indicators are showing bearish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDCHF is on bearish momentum! | 1st Dec 2021Prices are on a bearish momentum. We see potential for a dip from our sell entry at 0.6623 in line with 23.6% and 38.2% Fibonacci retracement towards our Take Profit at 0.65144 in line with 200% Fibonacci Projection. Technical indicators are showing bearish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDCHF potential short-term bullish momentum | 26th NovPrice is abiding to the descending trendline resistance, signifying overall bearish momentum. However, we can expect price to make a short-term retracement, making a bounce from pivot level in line with 127.2% Fibonacci extension towards take profit level in line with 50% Fibonacci retracement and 100% Fibonacci projection. Our short-term bullish bias is further supported by the stochastic indicator where the %K line is at the support level.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDCHF potential for bounce! | 25 Nov 2021Prices appear to be consolidating in a triangle. We see potential for a bounce from our buy entry at 0.67094 in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement and bullish trendline towards our Take Profit at 0.67850 which is an area of Fibonacci confluence . Alternatively, our stop loss will be placed at Stop loss at 0.66903 which is an area of Fibonacci confluences. RSI is at a level where bounces previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
AUDCHF potential for bounce! | 25 Nov 2021Prices appear to be consolidating in a triangle. We see potential for a bounce from our buy entry at 0.67094 in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement and bullish trendline towards our Take Profit at 0.67850 which is an area of Fibonacci confluence. Alternatively, our stop loss will be placed at Stop loss at 0.66903 which is an area of Fibonacci confluences. RSI is at a level where bounces previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Divergence at support with AUDCHFH4 time frame.
Structure: Uptrend.
The double bottom reversal pattern and divergence signal from MACD appeared at the support area of 0.67000.
Wait for the pattern to complete and break the Key Level at 0.68100 and retest to find an opportunity to enter a buy order.
The profit target is the 0.69500 price zone.
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Wish you all have a good trading day!
AUDCHF is on a bearish momentum! | 23 Nov 2021Prices are on a bearish momentum and abiding to our bearish trendline. We see potential for a drop from our sell entry at 0.677 in line with 61.8% Fibonacci extension and 61.8% and 23.6% Fibonacci retracement towards our Take Profit at 0.67023 in line with 61.8% Fibonacci extension. Technical indicators are showing bearish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.