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AUDCHF

AUDCHF: Heading back to the descending channel boundary and ATLThis pair has been following a descending channel for months and even with positive data last week for the aussie and weaker performance for the swiss, the general direction was maintained. We've broken back below the mid point of my channel and we seem destined to ultimately be heading for the ATL where I expect a strong bounce. I generally look at correlation with gold, this pair tends to fall with gold from what I can see, but more of an observation than analysis (which I should look to do).
Short
by Finchcliffe
3
More correction down for Audchf?Likely more down side. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
2
Why is AUD/CHF Going Down?The Australian dollar (AUD) has been on a downward trajectory against the Swiss franc (CHF) since the beginning of October 2023. The AUD/CHF exchange rate has fallen from 0.60 to 0.58, representing a decline of over 3%. There are a number of factors that have contributed to this decline. One factor is the ongoing strength of the Swiss franc. The CHF is considered to be a safe-haven currency, and investors tend to flock to it during times of uncertainty. The current global economic climate is uncertain due to a number of factors, including the war in Ukraine, rising inflation, and concerns about a recession. As a result, the CHF has been in high demand, which has pushed its value higher. Another factor that has contributed to the decline in the AUD/CHF exchange rate is the weakening of the Australian dollar. The AUD has been under pressure due to a number of factors, including the slowdown in the Chinese economy, rising interest rates in the United States, and concerns about the outlook for the global economy. As a result, the AUD has fallen against a number of currencies, including the CHF. The image attached to the query shows the AUD/CHF exchange rate over the past year. The chart shows that the exchange rate has been on a downward trajectory since the beginning of October 2023. The decline in the AUD/CHF exchange rate is likely to continue in the near term, as the factors that are driving the decline are expected to remain in place. Here is a more detailed explanation of the factors that are driving the decline in the AUD/CHF exchange rate: Strength of the Swiss franc: The CHF is considered to be a safe-haven currency, and investors tend to flock to it during times of uncertainty. The current global economic climate is uncertain due to a number of factors, including the war in Ukraine, rising inflation, and concerns about a recession. As a result, the CHF has been in high demand, which has pushed its value higher. Weakness of the Australian dollar: The AUD has been under pressure due to a number of factors, including the slowdown in the Chinese economy, rising interest rates in the United States, and concerns about the outlook for the global economy. As a result, the AUD has fallen against a number of currencies, including the CHF. Trade flows: Australia and Switzerland have a relatively small trade relationship. This means that the AUD/CHF exchange rate is not as sensitive to trade flows as some other currency pairs. However, the slowdown in the Chinese economy is likely to have a negative impact on the Australian economy, and this could lead to a further decline in the AUD/CHF exchange rate. Interest rates: The Swiss National Bank (SNB) has maintained a negative interest rate policy for several years. However, the SNB is expected to raise interest rates in the near future. This is likely to make the CHF more attractive to investors, and could lead to a further decline in the AUD/CHF exchange rate. Overall, the decline in the AUD/CHF exchange rate is likely to continue in the near term, as the factors that are driving the decline are expected to remain in place. Investors should closely monitor the global economic climate, the strength of the Swiss franc, and the performance of the Australian economy to assess the outlook for the AUD/CHF exchange rate. Bard may display inaccurate or offensive information that doesn’t represent Google’s views. Bard Privacy Notice
Short
by masterclass618
AUDCHF: Reversing near the top of the Channel Down.AUDCHF may have crossed over the 1W MA100 but eventually failed, also on the 0.5 Fibonacci level, and appears to be reversing. The technical outlook on the 1D time-frame is neutral (RSI = 55.574, MACD = 0.003, ADX = 42.778), so it is a valid sell entry. On top of that, every LH inside this 15 month Channel Down (exception Jan 23rd 2023) has been around the 0.5 Fibonacci level. All this while the 1D MACD is close to a Bearish Cross formation. Sell and target the bottom of the Channel Down over the -0.382 Fib (TP = 0.54500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
AUDCHF Short OpportunityMarket Structure is KING! Hey, if you like this idea be sure to support with a like and a follow. Here is my analysis for AUDCHF for the upcoming week. CHF News this upcoming week. I'm looking to shirt for a short-term pullback. What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based Trading 1. CHECK THE NEWS! 2. WHAT IS THE OVERALL TREND? Market structure will give you direction. 3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 6. CHECK FOR DIVERGENCE.
Short
by bluesignalfx
7 dimensions analysis for AUDCHF 🕛 TOPDOWN Analysis - Preparing for a Potential Reversal Overview: The market is showing signs of a potential reversal, with the yearly low almost confirmed. A long-wick pinbar, often indicative of retests and undercuts, has appeared. Vigilance is required for any reversal candles on lower time frames. On the monthly time frame, a robust demand area marked by a significant pinbar and heavy volume at the bottom suggests a potential reversal. The monthly close also forms a monthly engulfing candle, and the last liquidity sweep is evident. The weekly time frame corroborates the notion of a confirmed low and an inducement at a critical first-order block. This marks the third pullback and hints at a weak impulsive leg. Additionally, the weekly record session count aligns with this analysis. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Indicative of a Breakout from Sideways (BoS). 🟢 Swing Move: The corrective move has nearly reached its target level. 🟢 Inducement: 50% correction completed. 🟢 Internal Structure: Awaiting high confirmation. 🟢 Supply Area: Located here. Key Points: Trendline breakout is awaited. Resistance with a liquidity candle. A fake breakout with a V-shaped move in the extended market. No follow-through at resistance, marked by a strong reversal candle at the Change in Polarity (CIP) area. 2️⃣ Pattern 🟢 CHART PATTERNS Continuation Rising Wedge Shakeout Continuation 🟢 CANDLE PATTERNS Notable Observations: Record session count after strong bull session candles, followed by a reversal candle. A long-wick, strict candle. Momentum indicators indicate both a fakeout and FOMO. Further insights may emerge during opening sessions. A blended combo of 2 classic reversal patterns. 3️⃣ Volume: Volume during the fakeout was not substantial. 4️⃣ Momentum RSI: 🟢 Zone: Superbullish 5️⃣ Volatility Bollinger Bands: 🟢 Middle Band: Signifying a reversal expectation. 🟢 Walking on the Band: Possibly in the final stages; a minor correction may be in order. 6️⃣ Strength ADX: Bulls are currently dominant, with a minor correction noted. 7️⃣ Sentiment ROC: The AUD is stronger than CHF. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bearish ☑️ Current Move: Corrective at the daily master time frame and impulsive at H1. ✔ Support Resistance Base: H1 trendline is broken. ☑️ Candles Behavior: Momentum-indicated corrections. ☑️ FIB Trigger Event: Completed ☑️ Trend Line Breakout: Confirmed ☑️ Final Comments: Sell for correction. 💡 Decision: Sell 🚀 Entry: 0.5870 ✋ Stop Loss: 0.5933 🎯 Take Profit: 0.5751 😊 Risk to Reward Ratio: (Ratio not provided) 🕛 Expected Duration: 1:2.32 (Risk-Reward ratio not specified) SUMMARY: The analysis suggests a potential reversal scenario based on various technical factors. The market shows signs of weakening bullish momentum and the emergence of bearish patterns. Awaiting a trendline breakout is advisable, and a sell strategy for correction is proposed. Specific entry, stop-loss, and take-profit levels are provided, although the risk-reward ratio is not explicitly mentioned.
Short
by Optimum369