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Audchfanalysis

AUDCHFThe pair has posted an engulfing bearish candle yesterday respecting perfectly the 50MA and confirming the downtrend. It is at the moment sitting at support but if this is broken I can see a strong case for the pair to go all the way down 0.6775 area where I would expect a double bottom as this has been an area many times respected in the past (2015 and 2016). This view is supported by MACD making a tick lower. A pull back in the 4H chart and break of the lows will be needed for me to enter the trade. Trade safe!
Short
by MicKi
1
AUDCHF - ShortThe Australian Dollar has been weak of late, and with the current risk off sentiment we are expecting a shift back into the worlds safe haven currencies of JPY and CHF. Our favoured pair for the coming week is AUDCHF with a beautiful 15m bearish engulfing candle right off of our level of interest at 0.68630. Initially this trade has been taken as a day-trade however we will look to scale into a larger position and hold for anywhere from a couple of days to a couple of weeks should the initial target at 0.68325 be convincingly broken. Keep it real. Cheers, Paul.
Short
by Mase_00_7
AUDCHF LARGE SHORT APPROACHINGA large descending channel is what price has been following, The most recent test on the channel was at the bottom of this channel. We saw a rally up from this test however it looks like its time to retrace before going back up to test or break out at the top of the channel. Price has formed a triangle shown above and has broken out of it to the downside and has already to come back up to retest. We could see a large short from this position, the drop has already started however the trade is still a long way to go. Global Forex Kingz members were sent this signal at the retest zone of the triangle and are in a risk free +25 pip short trade already. The targets are marked out on the chart above. Target 1 and 2 are shown by purple rays
Short
by UnknownUnicorn2396129
AUDCHF Returns to Level 1.00 Fibonachi or Further1. Volume divergence, has been formed at a higher time-frame W1 -------------------------------------------------- -------------------------------------------------- ---- 2. Reversing the Fibonacci level of 0.618, the price has reversed and has retested the first wave of the elliot wave -------------------------------------------------- -------------------------------------------------- ---- 3. In the consolidation phase, the price has corrected into the corrective stage so that the price moves further. -------------------------------------------------- -------------------------------------------------- ---- 4. Stop Zone, determine the stop level at the level of -0.236 which is at the price of 0.735 -------------------------------------------------- -------------------------------------------------- ---- 5. Target Zone, the price will move far towards the fibonnachi level at least at 1.00 (0.703) or further 1,618 (0.69) -------------------------------------------------- -------------------------------------------------- ---- ############################## Recommendation: Signal Strength >>> $$$$$ ############################## ----- This writing is purely for education and does not imply buying or selling ----
Long
by VolumeWaveFX