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Aud-chf

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
Short
by FxWirePro
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
Short
by FxWirePro
Macro - Market Barometer UpdateHi guys, I wanted to take a look at the EUR on a large time frame and I was surprised at what I found. I figure I would look at the other currencies and post my results. Here is a look at Macro on the Market Barometer. Keep in mind that we are looking at very large time frames, but... the long term trend predictions tend to be very accurate. I broke down each currency: The GBP is recovering from a massive sell-off. We are still below up trending resistance, but we could see mild strength over the long term because we broke above short term down trending resistance. However, another dip into weakness is more likely. Based on how currencies tend to trend. We usually see double tops and bottoms in extreme ranges on the longer time frames. The CHF is coming off the bottom of a huge wedge. We should see continued strength over the long term until it reaches the top of the wedge. The EUR is flirting with down trending resistance. If the EUR fails, we will see massive weakness over the long term. If the EUR holds above, we will see slow continued strength. There are a few ways to read the JPY. My take: recently, the JPY had a massive sell-off, the last leg 'up' is a fib retracement and we are getting ready for another push down. The chart says that we are at the bottom of a wedge and headed up. The NZD is stilling on 50 and I'm not totally sure where to draw support. While it's sitting near the 50 level, anything is possible from this area. No bias detected. The USD is right smack in the middle of a huge wedge. No bias is detected. The CAD is also right smack in the middle of a huge wedge. No bias is detected. The CHF is coming off the bottom of a huge wedge. We should see continued strength over the long term until it reaches the top of the wedge.
by riffster21
1
CHF With Strong Consumer PriceAUDCHF has been screaming 'sell' for a while now, I've just waited for the catalyst which I think we just got today. CHF just came out with strong numbers on the consumer price index. Helping this setup to take off. We just passed 25EMA (not shown on this chart) and a cross over on a midterm stochastic (not on this chart). Cash is building up with weak buying volume. I trust this one to fall today or tomorrow. Because of the short distance to the next support level, I would not go in with a huge position, but rather with a minor to small amount.
Short
by chastic
AUD/CHF breaks above 20-DMA, good to long on dips AUD/CHF resumes upside, has failed to close below 50-DMA, currently at 0.7505, which is strong support on the downside. Intraday bias higher, the pair has broken above 20-DMA at 0.7540. Price action holds above daily cloud, RSI is above 50 levels and biased north, Stoch have bounced off from near oversold levels. We see scope for test of trendline resistance at 0.7630, bullish invalidation only on close below 50-DMA. Support levels - 0.7540 (20-DMA), 0.7505 (50-DMA), 0.7480 (cloud top) Resistance levels - 0.7585 (session high), 0.7630 (trendline), 0.7660 (Oct 26 high) Good to go long on dips around 0.7540/50, SL: 0.75, TP: 0.7585/ 0.76/ 0.7630
Long
by FxWirePro