AUD/CHF LONGWe have seen the market find support again at 0.7480. A hammer was form on a 4hr time frame.
Aud-chf
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
AUD/CHF Daily Update (24/3/17)Bullish mode turn on.
waiting for it to inch lower to the black dotted line and I will take a long trade.
The upcoming week seems like aud will be quite strong...
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.
Bull Hugging The Bear It's a good bullish indication, when you see one very bearish day (2017-03-16) being "hugged" by bullish days. Hoping to see a clear bullish day tomorrow as well by the end of day, to get the well known 'Three Bullish Soldiers'. Much as I like word play, I do not blindly follow that indication, yet, adding macro economics and several others indicators, it shows a bullish sentiment.
61,8 fibonacci reject+ Breakout-AUDCHFLast day, price rejected 61,8 of fibonacci retracement. Today we can see nice breakout that confirms a probably bearish movement.
Daily AUD CHF potential opportunity to go short Analyzing AUD CHF we see market seems to be incline to go short this time. TK crossover is turning over as well as if price goes on as it is once it close current candle we will break Kijun and also bear fractal giving us green light to enter in the market.
If we zoomed in H4 the line market at 0.76303 show us a possible fractal zone where we can look for price action as all signs shows bearishness.
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.
Breakout+pullback-AUDCHFThat break will be confirmed if the pullback stops on the 50-61,8% fibonacci. Then, short opportunity will appear.
AUDCHF - Bearish BatAUDCHF has completed a Bearish Bat pattern on the 1H timeframe. RSI recently over-bought. I will enter upon the close of a significant bearish Engulfing candle. SL set above previous highs. TP1 at 38.2%, TP2 set at 61.8% Fibonacci retracement level.
AUDCHF 4HAUDCHF Triangle and support connection point must be followed.
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YATIRIM TAVSIYESI DEGILDIR.
