Aud-chf
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
AUDCHF In Huge Demand Zone for newsNews can obviously go either way but the Aussie looks Bullish across most pairs. As always we wait for news to commence and buy/sell the first retracement.
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.
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.
Power increasingThe cross is increasing the power used to rise to higher prices
A very high long term market pressure (+11.0) confirm the direction of the trend
This analysis is based on market pressure value, you can find the daily market pressure for every fx crosses on my twitter profile twitter.com
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
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.
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
Ending channel in AUDCHFLo que parecía una ending diagonal, se ha transformado en ending channel finalmente. Tenemos una gran divergencia en MACD, todo apunta a que se irá al alza el precio. Espero mi entrada en largos en algún momento del nuevo impulso alcista.
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What looked like an ending diagonal, has become in ending channel. There's a big divergence in MACD, everything points to the price going up. I'll wait my entrance in some moment of the new impulse.
AUDCHF Buy SetupLooking to buy AUDCHF as soon as it breaks the downwards channel it is currently in.
Expecting a move up above 0.7500, then bounce on the 0.7500 handle before next move up.
Perfect ending diagonal in AUDCHF, and it will go up in 3,2,1...Se nos acaba de presentar una hermosa Ending Diagonal en AUDCHF. Ya ha roto su tendencia, así que esperaré una banderita para buscar un Take Profit con Risk reward de 1 a 2.
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We can see a perfect Ending Diagonal in AUDCHF. It has already broken the trend line, so I'll wait a flag to enter in long, searching a Take Profit with Risk reward of 1 to 2.
AUDCHF Channel ChangeLooks to be evidence of a channel change unfolding on AUDCHF. This level happens to be a 50% Fib retracement on Daily chart at support level. Multiple divergence confirms price action, and a W pattern seems to be setting up a long opportunity to test the top of the "new channel" with stops below.
AUD/CHF 1H Chart: Stranded in two channelsThe Australian Dollar has been trading in two channel against the Swiss Franc. Both downward-sloping patterns are gradually moving the pair away from its long-term resistance of 0.78.
If looking in the short term, the Aussie bounced off the lower boundary of both patterns on Wednesday and started to edge higher. However, the strong resistance of the monthly S1, the weekly S2 and the 100-hour SMA provided an unbreakable barrier that reversed the rate southwards once again.
It is likely that the rate re-tests the monthly S2 or the lower boundary of the senior channel at 0.7478 and 0.7460, respectively, prior to initiating a new wave up.
The pair’s movement north is restricted by various weekly pivot points that are located relatively close to each other. However, the most probable resistance area that should be taken into account is the monthly PP at 0.7640 (the 200-hour SMA might likewise be located nearby at the time). If this level is breached, further advance should follow.
AUD/CHF Long position taken AUD/CHF pair has reached well-established resistance level. Trade was placed with long bias with an expected Risk-Reward ratio of 2.7, SL and TP were placed on previous structure high and lows. Expected time of trade completion to be around 2-3 days.
AUDCHF long for month of NovemberAUDCHF broke the moving average, suggesting a potential trend change. This in tandem with October's monthly bull candle gives me enough reason to believe an up trend is about to begin.
My orders are placed at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6. and 0.0.
Each order contains a 30 pip stop loss and no take profit target.
These trades are designed to have 3 different exit strategies: 1) Stop out. 2) Manual closure. 3) End of month manual closure.
* End of month manual closure means that the month is over and trade parameters are no longer valid, therefore I will close the trades manually.
