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Audchfanalysis

AUDCHF: 361.8% Fibonacci Level Tested...BEARISH RetracementPrice level managed to reach 361.8% level. I am expecting resistance level @0.6828 to hold. As of now, I am seeing a retracement opportunity to the support level @0.6782. A rejection or a breakout from there will determine the direction for this pair. A rejection off this support level will show us a BULLISH continuation to test 461.8% level while a breakout could signal a potential movement back to a strong supply zone. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
4
AUDCHF Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 48 - Nov 23 M > Price reached monthly resistance level again, 5 times in last 6 months. W > In its bullish move price is losing momentum while filling-in the wick of last weekly candle. We can see bearish divergence and expect a price drop however price can continue to fill-in weekly candle again. D > We can see deceleration with price closing the candle with rejection to the downside. As per COT AUD saw further closure of Long and closure of Short, reducing net positions (now in -ve). We can see closure of Long and addition of Short in last couple of months, making net positions move from 16K to -08K. AXY weakened during the said period but recovered slightly last week. CHF saw closure of both Long and Short, reducing net positions. SXY weakened during the said period however recovered slightly last week. AUD is weakening and continuation of its weakness can push price to the downside. 4H > Price is decelerating in a symmetric triangle and a break to the downside will provide bearish reversal confirmation. Pair Correlation > AUDCHF has positive correlation with AUDCAD, AUDUSD and AUDJPY and negative correlation with EURAUD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
AUDCHF short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** 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. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
Price is making a rising towards our resistance zone.The price on AC makes a fakeout above the daily resistance zone (red zone). Price came back and broke under the zone while over sold (see RSI) Price is retracing towards our strong resistance zone making a rising wedge, while doing thet the RSI Rises as well. Waiting for some rejection or bearisch pressure to get in this trade. Take profit is set on the 1 and 4HR demand zone. just to be safe. Did tou like this analysis? please give it a like. Let me know your ideas on AC. Have a nice trading week everyone.
Short
by R2000trading