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 If price breaks above then this sell idea is no longer valid.
Aud-chf
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!
AUD/CHF Daily Update (1/6/17)Bear move is still pretty strong.
It is reaching a support zone.
Possible of retracement coming up should be possible.
Will not long now, have to wait for more PA to confirm the upmove.
AUD/CHF breaks major support at 0.7235, short ralliesAUD/CHF has broken below major trendline support at 0.7235, intraday bias lower.
Aussie dented after China Caixin manufacturing PMI dipped into contraction territory in May, widely missing forecasts.
China's Caixin manufacturing PMI for May arrived at 49.6 vs 50.1 expected and 50.3 last, slipping into contraction on slower increases in output and new orders.
Slight rebound in Switzerland GDP after two disappointing quarters keeps CHF supported.
Data released earlier today showed Switzerland Gross Domestic Product (YoY) climbed from previous 0.6% to 1.1% in Q1.
AUD/CHF is currently hovering around 61.8% Fib of 0.6752 to 0.7806 rise. Break below finds next major support at 0.7032 (June 16 2016 low).
Bearish invalidation only on close above 20-DMA at 0.7305.
Support levels - 0.7155 (61.8% Fib), 0.7097 (June 24 2016 low), 0.7032 (June 16 2016 low)
Resistance levels - 0.7230 (5-DMA), 0.7235 (trendline support turned resistance), 0.7280 (50% Fib), 0.7305 (20-DMA)
Good to go short on rallies around 0.7190, SL: 0.7240, TP: 0.7155/ 0.71/ 0.7035
MONTHLY RETESTMARKET RETESTED MONTHLY RESISTANCE FOR ANOTHER PRICE REGECTION . LOOKING TO BREAK DAILY SUPP AND TP AT WEEKLY SUPP .
AUD/CHF long setupAUD/CHF pair holds above 5-DMA support at 0.7413, intraday bias higher.
Technical indicators have turned bullish, Stochs and RSI have turned north from oversold levels.
We see bullish divergence on Stochs on daily charts which reinforces upside.
20-DMA at 0.7448 is strong resistance, break above required to extend gains.
Support levels - 0.7412 (5-DMA), 0.7396 (23.6% Fib of 0.7806 to 0.7270 fall), 0.73, 0.7270 (trendline)
Resistance levels - 0.7448 (20-DMA), 0.7475 (38.2% Fib), 0.7513 (200-DMA)
Good to go long on breakout above 0.7450, SL: 0.74, TP: 0.7475/ 0.75/ 0.7540
AUD/CHF slumps to fresh 4-month lows, bias lower Aussie continues to trade under immense pressure, AUD/CHF slumps to fresh 4-month lows.
Aussie dented from hawkish FOMC monetary policy statement, falling commodity prices and disappointing release of Australian trade balance data and China Caixin Services PMI.
A modest recovery in copper prices, and RBA Governor Lowe’s hawkish comments failed to lend any immediate respite.
RSI convergence with downside price action continues, suggesting more downswings on cards.
The pair has breached major trendline support at 0.74 raising scope for test of 0.7250 levels.
On the weekly charts, price action has broken below 50-SMA at 0.7456.
Support levels - 0.7342 (Sept 30 low), 0.73, 0.7250 (trendline)
Resistance levels – 0.74 (trendline), 0.7428 (5-DMA), 0.7505 (20-DMA)
Good to go short around 0.7380/90, SL: 0.7430, TP: 0.7340/ 0.73/ 0.7255
AUD/CHF Daily Update (4/5/17)Break down from the strong support.
I am bullish on CHF and is looking for more downside.
Will look for short should price retrace back to the "support turned resistance" zone
AUD/CHF on track to test 200-DMA, stay shortAUD/CHF has been rejected at session highs at 0.7581, intraday bias lower.
The pair finds strong support by daily cloud base at 0.7538, break below will accentuate weakness.
Technical studies are bearish, break below daily cloud raises scope for test of 200-DMA at 0.7502.
Violation at 200-DMA to see test of 0.7475 and then 0.7435 (Nov 11 low).
On the flipside we see bearish invalidation only on close above 5-DMA at 0.7575.
Close above 5-DMA could take the pair to 20-DMA resistance at 0.7612.
Support levels - 0.7538 (cloud base), 0.7502 (200-DMA), 0.7475 (Mar 27 low), 0.7435 (Nov 11, 2016 low)
Resistance levels - 0.7575 (5-DMA), 0.76, 0.7612 (20-DMA), 0.7634 (April 5 high)
Good to go short on rallies around 0.7560, SL: 0.76, TP: 0.75/ 0.7475/ 0.7435
AUD/CHF Daily Update (24/3/17)Bullish mode coming in.
Price reaching support.
0.75 will be a good support
AUDCHF - Buy Opportunity - Bullish EngulfingAUDCHF has formed a bullish engulfing candlestick pattern. TP set at 61.8% fibonacci retracement level.
AUD/CHF short setupAUD/CHF retraced brief dip below 200-DMA at 0.7484 on Monday's trade.
However, recovery attempts on the day were rejected at session highs at 0.7529.
The pair has slipped lower to currently trade unchanged at 0.7503 level.
Momentum studies are bearish, break below 200-DMA will see test of channel base at 0.7375 levels.
On weekly charts the pair has slipped below 20-SMA and RSI and Stochs are biased lower.
Support levels - 0.7486 (200-DMA), 0.7420 (50% Fib retrace of 0.7032 to 0.7807 rally), 0.7375 (trendline)
Resistance levels - 0.7516 (cloud base), 0.7548 (5-DMA), 0.76, 0.7624 (23.6% Fib)
Good to go short on rallies around 0.7510, SL: 0.7555, TP: 0.7420/ 0.7375
AUD/CHF LONGWe have seen the market find support again at 0.7480. A hammer was form on a 4hr time frame.
AUDCHF ShortThe pair has broken the trend line and it seem to me the retest already took place. Watching strong close below 0.76300 to go lower.
First target - 0.75000
