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Audchfanalysis

AUDCHF Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price reached monthly resistance level that had pushed price down to bearish impulse, faced rejection and started downward move. W > After facing rejection at resistance level price had pulled back and stayed in consolidation for over a month. Price moved up again to retest resistance again and after rejection moved down. We saw an M formation and expected price to move up to test its neck, which piece did. D > Price went up to complete M formation and it can drop to test weekly support. As per COT AUD saw closure of major Long and addition of few Short positions, reducing net positions, N-R saw closure of both Long and Short positions and Commercials saw addition of Long and closure of Short. AXY was weak for the said week however it improved its position last week. CHF saw closure of Long and addition of few Short positions reducing net positions. SXY was very weak for the said week. SXY was strong last week. 4H > After testing resistance at neck of M formation price has started making LH and LL as first confirmation of reversal. Pair Correlation > AUDCHF has positive correlation with AUDJPY, NZDCHF, NZDJPY, EURCHF and NZDUSD and strong negative correlation with EURAUD and USDCAD. 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 you can share your view and ask questions. Thank You AP17FX
Short
by AP17FX
1
AUDCHF Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of AUDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Price reached monthly resistance level, previously monthly support that had pushed price down to bearish impulse, faced rejection and started downward move. W > After rejection price dropped till 0.618 Fib level on last bullish impulse, moved up and is consolidating and retested resistance again thrice. We can see a W formation and expect price to drop till its neck for correction. D > Price is consolidating in a range of about 100 pips with two breakouts to the upside, testing monthly resistance each time. We saw an M formation and price moved up to test the neck and complete the formation. Price dropped after testing the neck but monthly support pushed it again to the upside. After last retest of resistance price is making HL and LL. Price is now approaching resistance of range and we expect a drop to the downside. As per COT AUD saw addition of major Long and Short positions, increasing net positions. AXY gained strength during the said week, it improved its position last week. CHF saw closure of both Long and Short positions with Short position reducing to least for current year, increasing net positions marginally. SXY was strong for the said week. SXY further gained strength last week. 4H > Price is now testing resistance level and can approach daily supply zone. We expect a reversal around this zone and will monitor price action for confirmation of reversal. Pair Correlation > AUDCHF has positive correlation with AUDJPY, NZDCHF, NZDJPY, EURCHF, NZDUSD and AUDUSD and strong negative correlation with EURAUD and USDCAD on daily and weekly timeframe. 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 signal (LONG)Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. if my markup is right we are in (iv) wave(triangle) open pos: ur own decision, u can open pos market with stop under last local low,or when triangle will completed, or on (e) :D too much options,everything for u) targets: 0.673 - 0.677 after first target reached move ur stop to breakeven stop: (depending of ur risk). ALWAYS follow ur RM . risk/reward 1 to 6 Good luck Follow me on TRADING View, if you don't want to miss my next analysis or signals. It's not financial advice. If i help you TO EARN SOME MONEY i will RLY VERYVERY APPRECIATE FOR YOUR DONAT. (I lost almost 100k$ about 1 year ago,it was all,now im broke) Dont Forget, always make your own research before to trade my ideas! Open to your questions or suggestions(PM to me).
Long
by trytofeelpositive
AUDCHF is waiting for the impulse moveAUDCHF ⚡️ From starting of the year The price felled towards 0.53420 and making a bigger downward impulsive move which is around 20% drop from January 2020.After that the AUDCHF managed to gain most of the loses its earlier incurred. ⚡️ After reaching June high which is 0.67430 the price unable to push further trading in sideways until September 02 afterwards the shifting of momentum happened and price stared to fall again as previous impulse wave ⚡️ On this range Elliot correction wave From A to E has formed And one minor correction waves are formed on the upper side of trend line ⚡️ The price has felled below the lower side of trend line and trading at 0.65000 key psychological level. We can expect a minor rebound retest towards the lower side trend line and will fall towards .236 Fibonacci retracement ⚡️ After the completion of minor Elliot wave correction a micro Elliot wave is underway currently the primary 01 is forming. And the swing target would be around 50% Fibonacci level which is a expected level for the completion of Wave 03. ⚡️The price felled below the 03 Exponential moving average and Ichimoku clouds and cloud turned red and pointing towards south ⚡️ In RSI its under 20 and over bought condition will make some minor upward correction towards lower side trend line Key levels to watch 3 Month high -0.6712 3 Month low - 0.6486 6 Month high - 0.6743 6 Month low - 0.5727 yearly high - 0.6796 yearly low - 0.5342 ----------------------------------------------------------------------------------------------------------------------------------------- Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
Short
by forexorbit
Rebounce Off Strong Support Level for AUDCHF...BULLISH!!!As we can see AUDCHF managed to bounce off 61.8 fib level where there is a strong support level after a clear breakthrough of that level. A clear rejection can be seen followed by a small BULLISH movement. What I am seeing will be price level moving tpwards the next resistance level as it retest every levels it broke (e.g. 0.6628 support level). BULLISH strength is still there and we should be seeing it moving to 0.6692 area. After which, I will update on further movements when we see a clear direction. 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!!!
Long
by YGForex
2
AUDCHF - BEARISH BIASAUD - BEARISH 1️⃣ The risk-off market environment and the broad-based USD strength forced the pair to decline. 2️⃣ US President Donald Trump's comments triggered a new bout of flight-to-safety. Trump said there was a possibility of the US economy decoupling from China and announced that they will prohibit federal contracts to companies that outsource to China. CHF - BULLISH 1️⃣ Risk tone remains firmly risk-off, expect safe-haven currencies to remain in strong demand. ===== TECHNICAL ===== - We are looking to short this pair on pivot point level + SBR level + SMA100 area on H1 chart. - AUDCHF in bearish zone. ===== RISK TO THIS TRADE ===== - This trade will hit stop loss if market sentiment turns to risk-on mode.
Short
by MonsunAsia