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Aud-chf

EURUSD Wave C in progress towards 1.2The EURUSD hourly chart is suggesting that a meaningful bottom could be in place at 1.1432 level last week and that the currency pair could be now progressing into Wave C higher. Looking at the medium term wave structure, EURUSD has remained in control of bulls since 1.1300 levels earlier. It seems to have completed Waves A and B and Wave C could proceed higher towards 1.2 or even higher in the coming weeks. At this point in time, it is retracing a bit after posting an impressive 180 pips rally in the last two trading sessions. We maintain our bullish bias against 1.1432 levels going forward. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Long
by FXTM
7
USDCAD Approaching Resistance, Prepare For A ReversalSell below 1.3097. Stop loss 1.3152. Take profit at 1.2977. Reason for the trading strategy (technically): USDCAD is approaching its resistance at 1.2977(61.8% Fibonacci extension, 61.8% & 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.2977 (61.8% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding reversal is expected.
Short
by theforexarmy
US Dollar Index carving a complex corrective Wave B?The US Dollar Index hourly chart continues to consolidate between 94.40 and 95.60 levels for now. The index is trading around 94.90 levels at this point in writing and could drop to 94.75/80 during intraday, before turning higher again. Please note that structurally, the US Dollar Index would require to break below 94.80 and 94.40 levels to confirm that a meaningful top is in place at 95.70. Looking at the wave count, the US Dollar Index might be still carving out a more complex Wave B than expected earlier. Please do not be surprised if the index produces a snap rally towards 95.70/96.00 one last time before giving in to bears. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
TVC:DXYShort
by FXTM
Dow Jones potential op in place at 26150 levels ?Dow Jones daily chart view has been presented here again after few trading sessions. Looking at the wave structure, the indice could be still working on a potential flat A-B-C at least. Please note that Dow has remained almost unchanged since past few trading sessions and could be possible that a potential top is in place at 26150 levels. Also note that a standard flat structure would remain valid till prices stay below 26600 levels going forward. A safe trading strategy could be to remain short from here, with risk at 26600 levels. If this wave structure holds well, we could see a sharp reversal lower towards 23000 levels at least. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
DJ:DJIShort
by FXTM
2
AUD/CHF eyes channel base at 0.71, stay short AUD/CHF extends grind lower along 5-DMA, hits 2-year lows at 0.7130. Technical analysis supports bearish bias, we see scope for further weakness. Upside remains capped at 5-DMA and major moving averages are sloping downward. Momentum studies are highly bearish, RSI biased lower and below 50 levels. Price is falling in a downward sloping channel and next major bear target lies at channel base at 0.71 levels. On the flipside break above 5-DMA finds next major resistance at 21-EMA at 0.7244. Violation at channel top reverses downtrend in the pair. Support levels - 0.7130 (session low), 0.71 (channel base), 0.7032 (2016 low) Resistance levels - 0.7169 (5-DMA), 0.7246 (21-EMA), 0.73 Stay short on upticks, SL: 0.7175, TP: 0.71/ 0.7035
Short
by FxWirePro
AUDCHF approaching support, potential bounce! AUDCHF is approaching our first support at 0.7149 (horizontal swing low support, 50%, 61.8%, Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7288 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension) Stochastic (89,5,3) is also approaching our resistance and a reaction below this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7278 (horizontal pullback resistance, 50%, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7152 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias. Stochastic (55,5,3) is also approaching our resistance and a reaction below this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill