AUDCHF: Reversing near the top of the Channel Down.AUDCHF may have crossed over the 1W MA100 but eventually failed, also on the 0.5 Fibonacci level, and appears to be reversing. The technical outlook on the 1D time-frame is neutral (RSI = 55.574, MACD = 0.003, ADX = 42.778), so it is a valid sell entry. On top of that, every LH inside this 15 month Channel Down (exception Jan 23rd 2023) has been around the 0.5 Fibonacci level. All this while the 1D MACD is close to a Bearish Cross formation. Sell and target the bottom of the Channel Down over the -0.382 Fib (TP = 0.54500).
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Aud-chf
AUDCHF Hit our bullish target. Now time to sell the Channel DownThe AUDCHF pair has hit the 0.58200 target (0.382 Fibonacci level) we set on our last buy call (see idea below) and is resting today at the top (Lower Highs trend-line) of the Channel Down pattern since the January 27 2023 High:
The price price is now on the 1D MA100 (green trend-line) and just below the 0.5 Fibonacci level. There is also a chance that the dotted Channel Down will be materialized, so the technical Lower High max extension is a little higher. The sell confirmation typically comes when the 1D MACD makes a Bearish Cross. Our target is a potential -9.10% extension at 0.54000.
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AUDCHF: Short term strength expectedExpecting the recent retracement to continue at least to 0.586 support, just crossing the mid point of my descending channel.
Overall I'm still bearish on this pair (just), I am expecting the reversal at some point soon, either from here, or around the ATL marked on the chart.
I see AUD gaining in strength as China wakes up. There's a big interest rate decision this Thursday from the SNB which will be big news I feel.
I see this as a great pair to trade once a reversal is confirmed, there's a long way to go up!!
AUDCHF is approaching the daily trendHey Traders, in tomorrow's trading session we are monitoring AUDCHF for a selling opportunity around 0.58800 zone, AUDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.58800 support and resistance area.
Trade safe, Joe.
Audchf broke up higher pullback for longs
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Long AUDCHFLast week AUDCHF posted a green Heiken Ashi candle on the weekly time frame. This suggests to me that we may have another green candle posted this week. It's also the case that there was a green Heiken Ashi candle posted on the daily time frame on Friday after a series of red candles. This suggests to me that we may have a multi-day bull run.
Potential turning for Audchf?Watching it closer on h1 for next week...
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AUDCHF Potential DownsidesHey Traders, in today’s trading session we are monitoring AUDCHF for a selling opportunity around 0.57150 zone, AUDCHF was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.57150 support and resistance area.
Trade safe, Joe.
AUDCHF Buy signal within the Channel Down.The AUDCHF pair has been trading within a Channel Down pattern since the January 27 2023 High. The price is currently on a 2-week rise and following the completion of a 1D MACD Bullish Cross, it can extend to at least the 0.382 Fibonacci level based on the previous two Lower Lows of the Channel Down. As a result, we are targeting 0.58200, which would also make a technical contact with the 1D MA100 (green trend-line).
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AUDCHFI see some divergence on the daily and I want to see if it carries into the 4 hour. We just broke a low and I still believe in AUD and NZD strength. Just want to see if price can retrace the previous highs. The homerun would be price reaching the top white dot but the odds could be slim. Will update when I can.
Audchf keeps getting lowerLikely pullback to short,watching on lower timeframe like h1.
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AUDCHF: Buy opportunity emergingAUDCHF is trading inside a Channel Down pattern for more than one year with the 1D timeframe bearish (RSI = 38.270, MACD = -0.004, ADX = 43.501) as the price is under its middle and the 1D MA50. The 1D MA200 is located exactly on its top.
The 1D MACD is in the process of completing a Bullish Cross, which has been a strong buy signal inside this pattern. Even though the price can extend to 0.57000 to complete a -7.55% decline from the recent Lower High (similar declines have been -8.06%, -7.94% and -7.55% since the start of the pattern so we use the minimum scenario), once the Bullish Cross is formed, we will buy and target the 1D MA50 (TP = 0.59000).
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AUDCHF Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCHF for a buying opportunity around 0.58500 zone, AUDCHF was trading in a downtrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 0.58500 support and resistance zone.
Trade safe, Joe.
AUDCHF Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCHF for a selling opportunity around 0.59500 zone, AUDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59500 support and resistance zone.
Trade safe. Joe.
AUDCHF Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCHF for a selling opportunity around 0.60300 zone, AUDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching a signification weekly supply and demand zone of 0.60300.
Trade safe, Joe.
AUDCHF, H4 | Bounce off major supportWe're seeing price test a major support level at 0.6043 which is an overlap support + has a bunch of Fibonacci confluence levels. This forms a strong level of support that price might bounce from.
If price were to bounce from here, we could see it rise quite nicely towards the 0.6099 resistance level which is an overlap resistance and a 50% Fibonacci retracement of the recent move down.
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Somemore upside is thereUptrend on Audchf, looking at some upside to come. Wait for setups to go on long.
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The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
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AUDCHF, H4 | Bullish BreakoutWe can see that price has broke a key overlap resistance and could potentially rise towards the 0.6124 level which is a 38.2% Fiboancci retracement.
A risk level that i'd like to highlight here is the 0.6080 level which is our intermediate resistance. Breaking this level could provide further confidence of price rising towards the 0.6124 level.
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AUDCHF: Sell as it approaches the 1D MA200.AUDCHF is trading inside a Channel Down pattern for over 1 year but the 1D time frame is technicalls bullish (RSI = 68.224, MACD = 0.004, ADX = 39.835). The reason is that since May 1st, the Channel Down is having its bullish leg for the new LH (Lower High). The previous two LH were formed on the 1D MA200.
As the RSI is about to cross into the overbought territory (over 70.000) and the price is approaching the 1D MA200 for the first time since January 27th, start selling. The minimum decline from a LH has been -7.50%, giving us a target of TP = 0.575500.
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AUDCHF Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring AUDCHF for a selling opportunity around 0.59250 zone, AUDCHF is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.59250 support and resistance zone.
Trade safe, Joe.