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Aud-chf

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 sonicrmastery
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 sonicrmastery
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
AUD/CHF on track to test 200-DMA at 0.75, short ralliesAUD/CHF has slumped a massive 1.40% on the day to hit fresh 2-week lows at 0.7568. The Swiss franc was the top performer on the day, as markets spooked amidst intensifying tensions between US and North Korea. Technically, we note a 'Bearish Bat Pattern' on AUD/CHF daily charts which combined with bearish divergence has seen downside. We see scope for further downside. 200-DMA at 0.7502 is next likely bear target. On the flipside, we see bearish invalidation only on close above 5-DMA at 0.7680. Support levels - 0.7536 (38.2% Fib 0.7146 to 0.77778 rally), 0.7502 (200-DMA), 0.7465 (July 24 low) Resistance levels - 0.7617 (20-DMA), 0.7628 (23.6% Fib), 0.7680 (5-DMA), 0.77 Good to go short on rallies around 0.7615/25, SL: 0.7680, TP: 0.7540/ 0.75
Short
by FxWirePro
1
AUD / CHFHi boys! Aud chf looks like it will continue upwards to double top on the daily. We have a perfect elliot so far. Wave 3 was a perfect 1.618 of the first wave. Wave 5 will be just as long as the first wave, so I am expecting a double top before it dips again. Conversion line crossing base line signaling further upside and this thing broke the cloud on most time frames. Stoch RSI also signaling further upside. I want to point out that we had some bad aussie fundamental news yesterday, and the daily candles got burnt out by the wicks. This thing is still bullish to me.
Long
by minthooka
3
AUDCHF SELL THE BREAKOUTHi everyone: AUDCHF is on my weekly watch list for short, and today we are seeing an opportunity. Price action formed a lower high on the 4 hr chart, and a breakout of a rising wedge to the downside will give us great risk:reward trade. On the daily time frame we know that price action has retrace to 61.80%, daily lower high which confirms the bearish momentum. Potential target to the recent lows of 0.7280. Thank you for your support and feedback.
Short
by jojofang0901
AUD/CHF 1H Chart: Channel UpThe Australian Dollar has shown some strength against the Swiss Franc for the last three weeks, thus resulting in the formation of a channel up. The starting period of this pattern was rather chaotic; however, it managed to form two distinctive peaks within the last five trading days. The direction of the last wave down is to the side, resembling a minor falling wedge. Technical signals of both patterns therefore indicate that the rate should bounce off the 0.7545 area and breach the wedge to the upside. This level is likewise reinforced by the 55-hour SMA located at 0.7551. Immediate resistance, however, is provided by the monthly R2 at 0.7602. Meanwhile, trend indicators have substantially decreased in strength, suggesting that in case the surge upwards is to continue, it may no longer be sustainable for more than a few trading days.
Long
by UnknownUnicorn890690
9