Aud-chf
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.
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.
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.
Looking for longs in AugustMonthly candle analysis suggests that AUDCHF may make a move higher.
I'll wait for this pair to give me a bullish signal on the daily time frame. Once I get the signal I will try to make entry during London.
AUD/CHF Short!Hi boys. I'm short on Aussie swiss franc. Chart is pretty self explanatory. Lower lows, separation of conversion from base line, broken trend line, broken flag, broke the cloud. Minimum 3 waves down for me. TP at the Fib extensions 1.618 and 2.618.
AUDCHF SHORT TO THE 61.80% Hi traders:
On AUDCHF, we can see the price action hit the daily resistance of 0.7735, and broke down the support trend line on the 4 chart. Waiting for a pullback to form a lower high is a good idea to short to the daily 61.80%.
Thank you for your support and feedback.
JoJo
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
AUDCHF 4H: Price making higher highs & higher lows, CHF having weaker momentum as well. Last week price consolidated... Solid setup here, lets see if we can get a break to the upside this week!
Trade with care!
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.
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.
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.
AUD/CHF rejected at cloud, breaks below 50-DMA, stay shortAUD/CHF rejected at cloud, edges lower from multi-week highs at 0.7430.
The pair has edged lower to break below 50-DMA and bias lower.
Downside has hit fresh weekly lows of 0.7334, has since pared losses to currently trade at 0.7351.
Close below 50-DMA at 0.7365 has raised scope for further drag lower, test of 0.73 (23.6% Fib) now likely.
Technical indicators have turned slightly bearish, Stochs are on verge of bearish rollover.
On the upside, decisive break above daily cloud could see test of 200-DMA at 0.7496.
Support levels - 0.7334 (session low), 0.73 (23.6% Fib), 0.7280 (June 13 low)
Resistance levels - 0.7381 (5-DMA), 0.7398 (38.2% Fib of 0.7807 to 0.7147 fall), 0.7430 (trendline), 0.7496 (200-DMA)
Good to go short on rallies around 0.7360, SL: 0.74
AUDCHF: Sell SetupWe have AUDCHF at the top again. The up move has been showing us that there is a possibility for another move down.
Look for price action at this area for sell trade. If price breaks above then this sell idea is no longer valid.
AUDCHF - June/July/August - Technical Trade OpportunityAUDCHF has been facing significant downside pressure. This has been confirmed by the recent break of 4Q 2016 trend support and successfully retesting it with a rejection. This has pushed the pair into bearish territory.
We have recently seen a solid retrace which might allow for entry/addition of short positions.
Currently sitting at 0.73000, the lower 4h timeframe shows semi-strong signs of weakness.
Should the pair fail to break 0.73300, the pair is likely to take another dive to at around 0.715.
Should the pair break above 0.73300, the pair will still be in bearish territory, however immediate bearish outlook will be cancelled.
Safe and Successful Trading!
