AUDCHF// Likely Outcome - ShortStrong downtrend coming up on last structure of resistance turned support. Indicate a possible rally and break of trend, however if you look at the HTF, AUDCHF has been in a downtrend for years, and this may be a key point in the resumption of said trend.
Weekly view in comments.
Aud-chf
Strong SELL CHANCEA big hello from Safe Traders
What’s happening right now, is we have a chance of 95% short position.
You can sell anywhere you feel good.
Basically when the signal is this match strong, we prefer to use trailing stop to get the maximum of it.
200 points is a safe distance but keep your eyes on it,
You might need to do some manual adjustments.
Have a very safe trade.
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AUDCHF bullish breakout | 23rd June 2021AUDCHF has just seen a bullish breakout from the descending trendline resistance-turned-support, and MACD is also now holding above the 0 line, showing potential for further bullish pressure. We could see price face further upside above Buy Entry level, in line with 38.2%, 50% Fibonacci retracement, 61.8% Fibonacci extension, and horizontal pullback support, towards Take Profit level, in line with 61.8% Fibonacci extension and horizontal swing high resistance.
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AUDCHF bullish breakout, potential for further upside!Price has just seen a bullish breakout from descending trendline resistance-turned-support, and MACD is now holding above the 0 line. We could see a bounce at 1st support, in line with 38.2%, 50% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support, and further rise towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance.
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AUDCHF facing bearish pressure, potential for further downside!AUDCHF is facing bearish pressure from descending trendline resistance as well as horizontal overlap resistance in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. Prices might push down towards horizontal swing low support in line with 161.8% Fibonacci retracement and 78.6% Fibonacci extension. If prices push up further, prices might face resistance from horizontal swing high resistance in line with 161.8% retracement as well as 161.8% Fibonacci extension. Ichimoku cloud is also above prices, showing a bearish pressure for prices.
AUDCHF facing bullish pressure| 28 Apr 2021Prices are facing bullish pressure from horizontal swing low support in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension . Prices might push up towards horizontal swing high resistance in line with 61.8% Fibonacci retracement . If prices push lower, prices might take support from horizontal swing low support which coincides with 78.6% Fibonacci extension and 50% Fibonacci extension . Stochastics is also taking support from 9.79 level, potential for bounce.
AUDCHF facing bullish pressure| 28 Apr 2021Prices are facing bullish pressure from horizontal swing low support in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 61.8% Fibonacci retracement. If prices push lower, prices might take support from horizontal swing low support which coincides with 78.6% Fibonacci extension and 50% Fibonacci extension. Stochastics is also taking support from 9.79 level, potential for bounce.
AUDCHF facing bullish pressure, potential for bounce!Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 161.8% Fibonacci retracement and 100% Fibonacci extension. Prices might push up towards 1st resistance in line with horizontal swing high resistance, 61.8% Fibonacci retracement and 161.8% Fibonacci extension. If prices push down further, prices might take support from 2nd support in line with horizontal swing low support in line with 127.2% Fibonacci extension. Stochastics is also facing bullish pressure from 8.43 support level, potential for bounce.
AUDCHF facing bearish pressure | 19th Apr 2021Prices are facing bearish pressure from horizontal swing high resistance which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards 1st support which coincides with horizontal swing low support which is in line with 50% Fibonacci retracement. If prices push up further, prices might face resistance from swing high resistance which is in line with 50% Fibonacci extension and 161.8% Fibonacci retracement. Stochastics is facing resistance from 92.64, the potential for a bounce.
AUDCHF facing bearish pressure | 19th Apr 2021Prices are facing bearish pressure from horizontal swing high resistance which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards 1st support which coincides with horizontal swing low support which is in line with 50% Fibonacci retracement. If prices push up further, prices might face resistance from swing high resistance which is in line with 50% Fibonacci extension and 161.8% Fibonacci retracement. Stochastics is facing resistance from 92.64, the potential for a bounce.
AUDCHF facing bearish pressure, potential for more downside!Prices are facing bearish pressure from horizontal swing high resistance which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards 1st support which coincides with horizontal swing low support which is in line with 50% Fibonacci retracement. If prices push up further, prices might face resistance from swing high resistance which is in line with 50% Fibonacci extension and 161.8% Fibonacci retracement. Stochastics is facing resistance from 92.64, potential for bounce.
AUDCHF facing bearish pressure, potential for further downside!Prices are facing bearish pressure from descending trendline resistance as well as 1st resistance in line with 50% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push downwards towards 1st support, in line with 78.6% FIbonacci extension and 127.2% Fibonacci retracement. If prices push further up from 1st resistance, prices might face resistance from 2nd resistance which is in line with 161.8% Fibonacci retracement and 78.6% Fibonacci extension. EMA is also above prices, showing a bearish pressure for prices.