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Aud-chf

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.
by UnknownUnicorn890690
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 * End of month manual closure means that the month is over and trade parameters are no longer valid, therefore I will close the trades manually.
Long
by BACapitalManagement
AUD/CHF 4H Chart: Meets Resistance The Australian Dollar is trading against the Swiss Franc simultaneously in two ascending channel patterns. One of them is a dominant one, while the second one represents a rebound in the borders of the larger pattern. Recently the pair revealed junior pattern after a bounce off from the resistance near the 0.7720 mark. It has to be mentioned that the junior channel’s trend lines seem to be indicating only an approximate zone of week strength. The trend lines on their own do not seem to poses the needed strength to change the direction of the pair. In general, in the near future the currency exchange rate is likely going to decline down to the supports levels just below the 0.7670 mark.
Long
by UnknownUnicorn890690
aud chfShorting AUDCHFSince last month's candle was a bear candle, I am looking for bear moves on the daily time frame such as this one. Price broke through the moving average. This suggests a possible move even lower. My pending orders sit at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6, 0.0. Each order has a stop loss of 30 pips. Risk is less than 2% per trade. No take profit target is set for this trade. The ways in which I will exit the trade is by stop out, manually closing at my discretion, or holding until the end of the month.
Short
by BACapitalManagement
AUD/CHF Daily Update (19/10/17)Moving into the upper band of the range movement that is happening for weeks. Do not expect much gains from it until a clear winner from the range. Till then, we can trade the bounce from a resistance to a support. Disclaimer : This analysis does not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose
Short
by imjmesl
AUD/CHF Daily Update (23/10/17)Seems like a big drop is coming. Will be looking out for more bear candle to ride on the down move. do note that swap fee could be costly. Disclaimer : This analysis does not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose
Short
by imjmesl
AUD/CHF breaks long term patternThe Australian Dollar recently marked another bounce off from the resistance of the 2017 high level against the Swiss Franc. As a result a medium scale channel pattern has formed. The descending channel managed to break through the support of the previously active large scale pattern. Most recently the Aussie made attempts to regain its losses. However, the pair failed to rebound, as the previously active patterns support acted as a resistance together with the weekly PP and the 55-period SMA just above the 0.7619 mark. Due to the combination of the minor factors it is expected that the pair will decline down to the 0.7558 level, where the weekly S1 and the 61.80% Fibonacci retracement level are located at.
Short
by UnknownUnicorn890690
AUDCHF - Bearish EngulfingAUDCHF has formed a significant bearish engulfing on the daily time frame at a very strong support level. A very strong upper Bollinger Band outbreak indicates that the uptrend was over-extended. Clear RSI divergence indicates that the uptrend became very weak and is due for a reversal to the downside. I have entered at the open of the 9/22 daily candlestick after a slight pullback. This trade setup is very similar to AUDJPY. Both pairs formed significant bearish engulfing candles with very strong Bollinger Band outbreaks, and RSI divergence. AXY (Australian Dollar Index) also shows RSI divergence and heavy selling pressure. . SL set above previous highs. TP set slightly above previous support, which is now resistance. I will close this trade upon the close of an opposing, significant bullish engulfing candle.
Short
by justinholtgrave
AUD/CHF near long-term resistanceThe Australian Dollar has slightly appreciated against the Swiss Franc during the past month. This movement, in the result of which a short-term channel up was formed, is the last wave up of a senior ascending channel. On September 20, the pair reached a long-term resistance at 0.7790 valid since early 2015. The rate has since reached the lower channel boundary and even slightly recovered. Technical indicators suggest that the rate could still move upwards, possibly up to a resistance cluster set by the 55-, 200– and 100-hour SMAs and the weekly PP near 0.7710/20. Given that the yearly high is located in such a near distance, it is more likely that the Aussie fails to overcome this cluster, edges lower and breaches the bottom boundary of the junior channel near the 0.7700 mark. In the long term, the rate is expected to approach the senior channel.
by UnknownUnicorn890690
Bullish AUDCHF for 8/218/18's candle closed above the 3 SMMA after closing below on 8/17. Therefore, I am expecting 8/21's candle to close above the 3 SMMA. I will be looking for buy signals on the hour time frame that look similar the buy signal on the daily that you see here (candle close below 3 SMMA, then candle close above 3 SMMA). This is a day trading technique and I will not hold any position over night. My plan is to place 2 trades once I get a buy signal on the hour time frame. One trade will have a 20 pip stop and a 20 pip take profit target. The second trade will have a 20 pip stop and no take profit target. The second trade is designed to grab any strong bullish movement for the day. Each trade is worth 1% of my beginning daily account value.
Long
by BACapitalManagement