Aud-chf
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
AUD/CHF ShortPrice rallyed nearly from the bottom of this 4h "range" almost to the top...now we also see a rsi divergence while price pushes higher
i will look for an short entry after we close under the small trendline to ride it down to the bottom of this last swing low....i look for adding a position after breaking this area to the downside too
Selling AUDCHF. Target - 0.7467On the M30 timeframe of AUDCHF double top patter was formed. The price has already crossed the Alligator lines and MA(50). Indicator oscillator AO is in a red zone which add strenght to this signal.
Trade specification:
Sell-Stop: 0.7547
Stop-Loss: 0.7587
Take-Profit: 0.7467
AUD/CHF fails to hold below 200-DMA, long break above 0.7414AUD/CHF fails to hold break below 200-DMA.
The pair is on track to test 1H 100-SMA at 0.7414.
Break above could see gains upto 20-DMA at 0.7506.
Support levels - 0.7375 (200-DMA), 0.7370 (1H 20-SMA), 0.7342 (Sept 30 low), 0.7245 (trendline)
Resistance levels - 0.7412 (5-DMA), 0.7414 (1H 100-SMA), 0.7462 (100-DMA), 0.75 (20-DMA)
Good to go long on breakout above 0.7414, SL: 0.7370, TP: 0.7470/ 0.7500
AUD/CHF slips below 100-DMA, good to go short on rallies AUD/CHF trades with a bearish bias. Momentum studies support downside.
The pair has broken below major trendline support at 0.7460 and 100-DMA at 0.7464.
Price holds above 0.74 handle which is minor support level. Break below finds next support at 0.7375 (200-DMA) and then 0.7280 levels.
Support levels - 0.7402 (session low), 0.7375 (200-DMA), 0.7342 (Sept 30 low)
Resistance levels - 0.7448 (5-DMA), 0.7464 (100-DMA), 0.75 (Dec 19 high)
Good to go short on rallies around 0.7450, SL: 0.75, TP: 0.74/0.7375/0.7345
AUD/CHF short ideaCurrently watching AUD/CHF as I expect a downward move to break a multiple time tested trend line and 200 EMA. Price is forming an ascending wedge (bearish reversal pattern), MACD showing bearish divergence.
Still early to enter short, I will wait a break and retest of trend line and 200 EMA.