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Aud-chf

AUD/CHF short setupAUD/CHF slips lower below 5-DMA support at 0.7442, currently trades at 0.7425, intraday bias lower. SNB maintains status quo, leaves deposit rate unchanged at -0.75%, failed to provide any fresh impetus. Renewed concerns over a global trade war lending some support the Swiss Franc's safe-haven appeal. Technical studies are turning slightly bearish. Stochs are on the verge of a rollover from overbought levels. Upside remains capped below 50-DMA and daily cloud also weighs on the upside. We evidence bearish divergence from price action on RSI and Stochs which adds to bearish bias. Price has slipped below hourly cloud and is on track to test 200-SMA at 0.7395. Violation there could see further weakness. Support levels - 0.7395 (1H 200-SMA), 0.7364 (20-DMA), 0.7334 (61.8% Fib retrace of 0.7242 to 0.7483 rally) Resistance levels - 0.7442 (1H 55-EMA & 5-DMA), 0.7467 (50-DMA), 0.75 Good to go short on rallies around 0.7425/35, SL: 0.7470, TP: 0.7395/ 0.7365/ 0.7335
Short
by FxWirePro
AUDCHF LongRiding the bullish sentiment on AUD in COT report along with its rally last week after some good news regarding its better than expected trade balance as well as China's CPI, and Australia getting exempted too from steel tariffs imposed by Trump (like Canada and Mexico). Must monitor CHF and EUR closely though because any signs of rally soon might make this pair ranging instead and there's risk of getting whipsawed instead. Setting up buy stop order @0.75 with TP near weekly resistance @0.775 and SL somewhere between base and R1 pivot lines @0.74 www.businessinsider.com.au www.investing.com thewest.com.au Daily: Weekly: Confidence: B (because of geopolitical risk concerning EUR that can affect CHF)
Long
by aiza_belle
AUD/CHF 1H Chart: Guided by bullish channelFollowing a month of consolidation, the Australian Dollar managed to gather enough momentum to break out of this range northwards. As a result, AUD/CHF formed an ascending channel, and it is gradually approaching the senior pattern located in the 0.7580/0.7600 area. It is expected that upside risks continue to prevail in the market during the following two weeks until the senior channel, reinforced by the monthly R2, is reached. As apparent in the chart, the rate has struggled to move above the 50.0% Fibo retracement located at 0.7486 this week. Thus, the Aussie might go for a short-term correction south within the following trading sessions. A possible downside target is the upper boundary of the breached channel, the 200-hour SMA and the monthly PP circa 0.7360.
Long
by UnknownUnicorn890690
AUD/CHF long setupAUD/CHF is extending break above 21-EMA, edges higher for 5th straight session. The pair closed above 0.74 handle on Thursday's trade and has hit 4-week highs at 0.7423. Technical studies are bullish. Stocsh and RSI are biased higher. 5-DMA on verge of bullish crossover on 20-DMA Bullish divergence seen on Stochs on daily charts keeps scope for further upside. Price now eyes 55-EMA at 0.7444. Break above could see test of 110-EMA at 0.7496. On the flipside, 21-EMA at 0.7371 is strong support. Break below invalidates bullish bias. Support levels - 0.7373 (5-DMA), 0.7371 (21-EMA), 0.7265 (trendline) Resistance levels - 0.7444 (55-EMA), 0.7482 (50-DMA), 0.7496 (55-EMA) Good to go long around 0.74/ 0.7410 levels, SL: 0.7360, TP: 0.7445/ 0.7485/ 0.75
Long
by FxWirePro
AUDCHF weekly update:Total profit 3572 pips in 27 daysNew trading suggestion: There is possibility of temporary retracement to suggested resistance line (0.746), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Total Profit: 3572 pip Closed trade(s): 1070 pip Profit Open trade(s): 2502 pip Profit Trade Setup: We opened 11 SELL trade(s) @ 0.7658 (day close price) based on 'Peak' at 2018.01.23 signaled by our "Daily Trading Opportunity". Closed Profit: TP1 @ 0.7610 touched at 2018.01.24 with 48 pip Profit. TP2 @ 0.7545 touched at 2018.01.25 with 113 pip Profit. TP3 @ 0.7460 touched at 2018.02.01 with 198 pip Profit. TP4 @ 0.7330 touched at 2018.02.05 with 328 pip Profit. TP5 @ 0.7275 touched at 2018.02.08 with 383 pip Profit. 48 + 113 + 198 + 328 + 383 = 1070 pip Open Profit: Profit for one trade is 0.7658(open price) - 0.7241(current price) = 417 pip 6 trade(s) still open, therefore total profit for open trade(s) is 417 x 6 = 2502 pip
Short
by ForecastCity
5
AUD/CHF 1H Chart: Aussie narrows trading rangeFollowing a test of an eight-month low of 0.7268 on February 8, the Aussie entered a three-week period of consolidation against the Swiss Franc. As a result, a symmetrical triangle was formed. As apparent on the chart, the last two waves touched neatly both boundaries of this pattern; thus, it is likely that the pair still uses the opportunity to re-test its upper line and the 23.60% Fibo retracement at 0.7370 in the following two sessions. This scenario is possible, because the nearest support formed by the 200– and 100-hour SMAs and the weekly PP circa 0.7340 should force the pair slightly higher. Technical indicators are generally bearish, suggesting that the Aussie could continue trading within the bounds of the wedge. A possible downside target for the following trading sessions is the weekly S1 or the aforementioned eight-week low at 0.7290 and 0.7268, respectively.
by UnknownUnicorn890690
AUD/CHF short trade ideaUpside for now remains capped at 0.74 handle and we see breakout there to see further gains. On the flipside, the pair is trading below all major moving EMAs. Break below 0.73 handle will see resumption of weakness. We then see scope then for test of 0.7220 (88.6% Fib). Support levels - 0.73 (psychological level), 0.7285 (78.6% Fib retrace of 0.7146 to 0.78 rally), 0.7220 (88.6% Fib) Resistance levels - 0.7384 (5-DMA), 0.74 (psychological level), 0.7480 (1H 200-SMA) Good to go short around 0.7370, SL: 0.7425, TP: 0.73/ 0.7285/ 0.7220
Short
by FxWirePro
AUD/CHF 1H Chart: Aussie consolidates after surgeThe Australian Dollar has been trading in a channel up against the Swiss Franc since mid-November. After testing its upper boundary on January 11, the pair entered a period of consolidation prior to depreciating significantly during the previous week. The Aussie, however, did fall short of its bottom line when a rebound from the 0.7540 mark occurred last week. Its positioning has not since changed significantly, as the combined resistance of the 55-hour SMA and the monthly and weekly PPs are restricting any advance above 0.76. This latest period of consolidation might indicate a soon breakout north. However, given the strength of the nearest resistance, upward momentum is likely to be limited today circa 0.76. A possible target for this week could be the 0.77 level where the weekly R1 and the upper boundary of a medium-term channel are located.
Long
by UnknownUnicorn890690
AUD/CHF 1H Chart: Pair likely to test senior 0.7750The Australian Dollar has appreciated substantially against the Swiss Franc since late November. This upward movement has been constrained in a channel up. During the past week, the Aussie has failed to reach its upper boundary, thus pointing to a possible breakout south. A subsequent surge, however, might occur only within the following two weeks, given that the upper boundary of a senior channel circa near 0.7750 has not yet been reached. Technical indicators suggest that the Aussie is likely to realise this upward potential during the following trading sessions. Some weakness might be apparent today; however, the combined support of the 55– and 100-hour SMAs located near the 0.7680 mark is expected to stop any further down-fall. The nearest notable resistance is the monthly R1 and the weekly R2 at 0.7725.
by UnknownUnicorn890690
AUD/CHF long setupAUD/CHF has opened trade with a bullish gap up in the Asian session as markets open after holidays. The pair is hovering around major trendline resistance at 0.7635, breakout to see further upside. Technical studies support upside in the pair, price action has broken above daily cloud. RSI shows strength above 50 levels and is gaining traction. Momentum studies bullish. ADX and MACD also support upside in the pair. Support levels - 0.7604 (100-DMA), 0.7596 (5-DMA), 0.7570 (50-DMA) Resistance levels - 0.7651 (61.8% Fib retracement of 0.78 to 0.7417 fall), 0.77, 0.7715 (78.6% Fib) Stay long on close above 0.7635, SL: 0.76, TP: 0.77/ 0.7715
Long
by FxWirePro
1
AUD/CHF 1H Chart: Aussie likely to test long-term channelAUD/CHF has been guided by a descending channel since early September. This pattern has had several confirmations on the southern side, while the second upper confirmation was provided last week when the Aussie reversed from the 0.76 mark. The rate, however, did not go far, as it continued to trade along the upper boundary of this long-term pattern. It is unlikely that its southern boundary is tested one more time due to the significant steepness downwards. Technical indicators suggest that the rate could enter a period of consolidation during the following week, supported by the monthly PP and the 200-hour SMA. It is likely that this movement results in an upside breakout and a subsequent surge. On the other hand, the pair might also edge lower in line with two prevailing junior channels. In this case, the downside target is the 0.7480/0.7500 area.
by UnknownUnicorn890690
AUD/CHF 200-DMA breakout, stay long Technical Studies: Bias Bullish - 200-DMA breakout - Tests 50-DMA resistance at 0.7574 - RSI and Stochs biased higher, RSI above 50 gaining traction - Bullish 5 and 20 DMA crossover - Bollinger bands widening Fundamental Studies: - Aussie continues to be supported higher, extends gains across the board on strong Aussie jobs data. - The ABS reported earlier today that the Australian economy added 61.6K jobs in November, beating consensus at 18K. - Full-time employment stood at 41.9k (prior 24.7k), while part-time employment 19.7k (prior -20.3k), while the participation rate ticked higher to 65.5 percent from 65.1 percent. - On Wednesday, Australia consumer confidence surprised to the upside. - The Westpac Melbourne Institute Index of Consumer Sentiment up 3.6% to 103.3 in December from 99.7 in November. - CHF extends weakness after SNB has kept its interest rates unchanged in its quarterly interest rate setting decision. Support levels - 0.7562 (38.2% Fib retrace of 0.77966 to 0.7417 fall), 0.7527 (200-DMA), 0.7506 (23.6% Fib) Resistance levels - 0.7574 (50-DMA), 0.7606 (50% Fib), 0.7650 (trendline) Good to go long on breakout at 50-DMA, SL: 0.7530, TP: 0.76/ 0.7650
Long
by FxWirePro