AUDCHF ____ INCOMING BEARISH MOVEHello Guy,
It's another trading week and I want to share my view on AUDCHF with you. Legggoooo!!!
If you take a look at the monthly timeframe, you will notice that price just reacted from a monthly orderblock.
If you drop down to the weekly timeframe, you will notice that price had created a bearish CHOCH and has retraced to the weekly supply OB from which we can expect a bearish continuation. You may also notice that we are currently at the neckline of the M pattern on the weekly chart.
On the daily chart, you will notice how price just took out a strong supply zone which caused a strong drop in price. You can also notice the W pattern and we should expect a retracement.
Now, I am monitoring price movement in the 1-hour timeframe to see if I can get my trade setup to go short.
Endeavor to keep this pair on your radar.
Follow for more updates like this.
Cheers.
Jabari
AUDCHF
AUDCHF LONG Term SELLING Trading IdeaHello Traders
In This Chart AUDCHF HOURLY Forex Forecast By FOREX PLANET
today AUDCHF analysis 👆
🟢This Chart includes_ (AUDCHF market update)
🟢What is The Next Opportunity on AUDCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
AUDCHF: Fakeout or Breakout?We can see we've just broken out of my channel top after a strong bullish move, but this isn't the first time and we're hitting strong resistance.
Swissie has been weak of late, unlike the Aussie, so I believe this can go either way. I'll be looking at longs around 0.589 if resistance is broken, but we may well fall back first. If we fall back below 0.578 then I'll be waiting for the triple bottom around 0.561 before looking to go long.
Obviously this could all be a fakeout and we'll be back in the channel, but I do think it's risky shorting down hear unless it's for a quick scalp as it definitely looks like a good double bottom is already in play.
Both of these currencies are gold dependent for different reasons (Aussie exporting it, Swissie holding it), and Aussie is doing well because gold is.
I'm expecting a c0ontinuation of gold strength as per my recent idea, so probably expecting this pair could keep flying?
AUDCHF Super Long signal with possible 2000pips The upcoming week appears to be relatively light on economic data, with the highlight being the RBA (Reserve Bank of Australia) rate hike. Anticipations are for another 25 basis points rate hike by the RBA, reflecting ongoing efforts to manage economic conditions. Additionally, it seems that geopolitical tensions in the Israel War are not expected to escalate further, which could impact currency markets. In this scenario, traders may find opportunities in capitalizing on the strength of the Australian dollar (AUD) and the weakness of the Swiss franc (CHF).
AUDCHF broke above triangle, to continue bullishAUDCHF
price broke above triangle structure. after a correction if price continues to hold above support I expect the price to move higher towards the next resistance..
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Daily Wave Rider - AUDCHF - BUYAUDCHF
Channel: GREEN
WK Pivot: GREEN
AOB: WR1
CON: SBB
BUY Stop: 0.58139
Stop Loss: 0.57379
TP01: 0.58899
TP02: 0.60419
DWR present as a buy setup on 2 NOV, with Channel and Pivot are green bouncing off weekly resistance line
However, trade is not taken/considered
SPX500: NEUTRAL
DXY: SELL
OIL: BUY
GOLD: BUY
AUDCHF - New Breakout 📈Hello Traders !
On Friday 20 October, The AUDCHF Price Reached A Daily Support Level (0.56345 - 0.56070).
Currently, The Price Failed To Create a New Lower Low.
The Last Lower High is Broken (Change of Character).
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 0.58100🎯
EURCHF I Inverted head and shoulder will keep growingWelcome back! Let me know your thoughts in the comments!
** EURCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUDCHF, Breaking lower?AUDCHF / 4H
Hello traders, welcome back to another market breakdown.
AUDCHF has been trading in a down trend, the price is now in pull-back mode. I have my eyes on this previous S/R level where a potential lower high.
Checkout the chart for the trigger plan.
Trade safely,
Trader Leo
AUDCHFIs AUDCHF exhausting at strong resistance level?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after reaching at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.5660 followed by 0.5610.
What you guys think of it
AUDCHF H4 | Bullish bounce off 161.8% fibo extension?Price could bounce off our sell entry at 0.5617, which is a major swing low support level, aligning with the 78.6% fibo projection and 161.8% fibo extension, showing fibo confluence. Our stop loss is at 0.5577, which is below the 100% fibo projection and major swing low support level. Take profit is at 0.5673, which is a pullback support level.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
AUDCHF: 24/10/2023: It looks bullish!
The price had a bullish reaction after collecting liquidity below the major low and after that changed the market structure to the bullish.
Now we can expect that the price will collect liquidity under the previous low and then start the upward move.
💡Wait for the update!
🗓24/10/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
AUDCHF H4 | Bullish bounce off 38.2% fibo?Price is falling to our buy entry at 0.5670, which is an overlap support level, aligning with the 38.2% fibo retracement. Our stop loss is at 0.5646, which is below the 61.8% fibo retracement. Take profit is at 0.5708, which is at the swing high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
CHF at Key Technical Support⏰CHF at key levels ⏰
Overview
The Swiss Franc is at key technical support levels on several pairs. The CHF strength is driven by the Israel-Hamas war.
The Details
The support levels will likely not hold if there is further escalation in the region. Expect the support levels to break and ***CHF pairs to move lower.
If by some miracle, the war becomes stagnant or things de-escalate, the support levels could hold.
Things to consider
Buying the CHF is painful due to Switzerland's low-interest rate. The swap rate offered by most brokers is off-putting.
A better trade may be a de-escalation trade, though we could be waiting a while
The Swiss Franc continues to downtrend longer-term. A de-escalation trade may catch a downside correction move rather than a long-term uptrend.
The CHF could strengthen on global recession fears, possibly in the coming months.