EUR/JPY SHORT IDEALining up on the weeklys and monthly closures we see this pair potentially getting ready for downward continuation. 130.000 could still be tested to release selling pressure but overall i am looking at shorts.
Aud-chf
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
AUDCHF ShortStill bearish in AUD in general despite their new PM because of risks from US-China trade war, and slightly bullish in CHF for the same reason. Entered a short stop order with conservative SL between 0-38.2 fib lines and TP @0.71428 (weekly support).
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Daily:
Weekly:
Confidence: B (because of the unpredictable nature of trade wars)
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.
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.
EURUSD is approaching our first resistance at 1.1511 (horizontalEURUSD approaching resistance, potential drop!
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7278 (horizontal pullback resistance, 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 (21,5,3) 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.
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7266 (horizontal pullback resistance, 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 0.7176 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias.
Stochastic (34,5,3) 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.
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7266 (horizontal pullback resistance, 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 0.7176 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias.
Stochastic (34,5,3) 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.
AUDCHFThe yellow and green channels are broken. There are 2 possible correction before moving lower.
Weekly Bear sash and death cross - expect 250 pips dropPrice below the cloud - Bear market
Bearish tenkan kijun cross below the cloud
Future cloud - Bearish
Trendlines after CLOSE
Targets after Fib extensions
Tail of Bear sash pattern and kumo clouds act as resistance.
AUDCHF approaching support, potential bounce! Price is approaching our first support at 0.7316 (Horizontal swing low support, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7392 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension).
Stochastic (55,5,3) is also approaching support and a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHF approaching support, potential bounce!Price is approaching our first support at 0.7316 (horizontal swing low support, 61.8% fibonacci extension, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7396 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (55,5,3) is also approaching our support and a bounce off this level might be a good precursor for a potential rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHF - Bearish evening star on dailyThere was Evening Star and Bearish Harami on AUDCHF daily. I expect it to drop all the way down to 724.57. Fine bearish Ichimoku setup on daily. I just tuned up to hourly for intraday entries.
AUD/CHF slumps, 'Shooting Star' suggests further declinesAUD/CHF extends weakness after upside was rejected at daily cloud.
We evidence a 'Shooting Star' pattern formed on the daily charts which supports further weakness in the pair.
Price action has retraced below 21-EMA and 5-DMA, eyes major trendline support (Triangle Base) at 0.7280.
Breach at 'Triangle Base' raises scope then for test of 0.7242 (2018 lows).
Bearish invalidation only on break above cloud base.
Support levels - 0.73, 0.7280 (trendline), 0.7263 (Mar 28 low), 0.7242 (2018 lows till date)
Resistance levels - 0.7366 (5-DMA), 0.7370 (21-EMA), 0.74
Good to stay short on upticks, SL: 0.7375, TP: 0.73/ 0.7280/ 0.7245
1W support test and rebound. Medium term Long.AUDCHF has found support on the 1W support zone = 0.72414 - 0.72695 (Highs/Lows = 0) and is already rebounding on 1D (Highs/Lows = 0.0035, RSI = 54.336, B/BP = 0.0098). The targets are seen on the yellow rays with 0.75067 being the most suited.
AUDCHF ready for nose dive?AUDCHF appears to be completing H&S top, and at the verge of breaking a very important rectangle structure which this pair was from last three months. Watch out for the break of neckline.
AUD / CHF -- 6/8/2018 -- Weekly ChartAUD/CHF has been trading in a range between R1 and S1 for over a year. I open to taking trades at both locations. Price extremes outside of the wH Channel should also be seen as attractive buy or sell locations as long as we remain in a trading range.
