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Audchfanalysis

Choppy Price Action Sparks Speculation of Upcoming Market ShiftWe are currently witnessing a gradual descent from the Monthly spike that occurred in February 2020. On the lower time frames, the price action has become quite choppy, with each new low promptly followed by a quick retracement upward. This choppy behavior suggests the possibility of a long-term reversal in the making. I have identified two key targets that the price might aim for before experiencing a potential upward movement. The first target is a weekly support/low level at 0.562, while the second target is the 2020 spike low at 0.532. Personally, I believe that 0.562 might serve as a more reasonable target. Therefore, I am planning to gradually build a position as the price approaches this level. Nevertheless, it's essential to be prepared for the possibility that the price might not reach that far down. Consequently, I will start monitoring daily signals on my TRFX indicator as the price falls below 0.575. My trading strategy for this trade will be to focus on the SUPPLY/SELL zone, clearly marked in red on the chart, starting around 0.61. I anticipate that the price will be drawn towards this level. As for the stop loss placement, it will depend on the precise signal I receive, but it will definitely be set below 0.56. This approach is aimed at managing potential risks effectively.
Long
by TheFxAce
15
Aud Chf LongA reversal analysis for the AUD/CHF currency pair from the 57518 level involves examining the historical price action, identifying potential reversal points, and analyzing relevant technical indicators to assess the probability of a reversal occurring. Please note that as an AI language model, I don't have access to real-time data, so the analysis provided here is based on hypothetical scenarios and the knowledge available up to September 2021. Historical Context: First, let's take a look at the historical price movement of the AUD/CHF pair leading up to the 57518 level. We need to consider both long-term and short-term trends to get a comprehensive understanding. Key Support and Resistance Levels: Identify significant support and resistance levels on the chart. These levels can act as crucial reference points and can provide insight into potential reversal areas. Candlestick Patterns: Analyze the candlestick patterns at the 57518 level. Look for key reversal patterns like doji, hammer, shooting star, or engulfing patterns. These patterns can signal potential reversals. Momentum Indicators: Review momentum indicators like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD). Divergence between price and the indicator can indicate a potential reversal. Volume Analysis: Examine trading volumes around the 57518 level. Significant volume spikes or divergences can provide clues about possible changes in market sentiment. Fibonacci Retracement: Apply Fibonacci retracement levels from recent swing highs to lows to identify potential support or resistance levels that coincide with the 57518 level. News and Events: Consider any upcoming economic data releases or geopolitical events that might impact the AUD/CHF pair. Sudden news can trigger sharp reversals. Sentiment Analysis: Evaluate market sentiment through sources like CFTC Commitments of Traders (COT) report or sentiment indicators. Extreme sentiment can indicate a potential reversal. Timeframe Analysis: Assess the reversal analysis across different timeframes (daily, weekly, monthly) to get a more comprehensive view. Remember that a reversal analysis is not a guarantee of future market movement. It is crucial to use risk management techniques, set stop-loss orders, and combine multiple analyses before making any trading decisions. Additionally, consulting with a qualified financial advisor or professional trader is recommended for personalized guidance based on current market conditions.
Long
by realtrademaster
DeGRAM | AUDCHF fibo cluster and resistanceAUDCHF is slowly approaching the confluence levels following the channel breakout: fibo cluster, resistance, and trendline. Price action has previously reacted to resistance levels by dropping from it. The market is pulling back against the major bearish trend because the trend on the 4 hourly chart is bearish. We expect the price to retest support. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
4
7 Dimension analysis for AUDCHF 😇 7 Dimension Analysis Analysis Time Frame: Daily 1: Price Structure: The current price structure is bearish, characterized by a Breakout from Sideways (BoS) behavior. The move is impulsive and nearing completion, with a major weekly demand area acting as support. The inducement is not yet confirmed, and there have been 3 pullbacks during the last corrective leg. Notably, there are no unmitigated order blocks during the entire impulsive leg, indicating no significant resistance until the Choch level. Confluence is observed on the daily, weekly, and monthly time frames, with a demand zone present in the same area. 2: Pattern 🟢 TREND LINES: Trend lines are acting as resistance levels, and a closing above them will provide final confirmation. 🟢 CHART PATTERNS: A potential Head and Shoulders pattern is forming, but a massive volume and engulfing bar at the last leg's low point add complexity. Additionally, there is a weekly liquidity sweep and a Fakeout Within 1 Bar pattern. These patterns suggest that the price may move sideways from here to form a proper demand base. 🟢 CANDLE PATTERNS: A Change in Guard pattern appeared at the bottom, indicating a potential reversal. Momentum (Engulfing) occurred with massive volume, adding to the potential bearish reversal signal. Momentum Fakeout Reversal also occurred with significant volume. A Narrow Range is forming with 3 candle squeezes yet to be confirmed. The last corrective and current impulsive candles are inside the reversal candle. Today's session opened low but experienced bullish control throughout the day. 3: Volume: Volume on the Fakeout is good, indicating significant market interest. Volume on the demand is heavy at the initial point, showing strong buying activity. 4: Momentum RSI: 🟢 Zone: The RSI is currently in a sideways zone. 🟢 Range Shift: Initially sideways to bullish. 🟢 Divergence: Hidden divergence with low momentum observed. Momentum has been holding in the bullish zone for a prolonged period. 5: Volatility Bollinger Bands: 🟢 Middle Band: A resistance breakout will be crucial for the initial upside move. 🟢 Squeez: Just started, suggesting potential low volatility ahead. 🟢 Headfake: Only one candle so far, not yet confirmed. 6: Strength ADX: The trend is currently bearish. But initial reversal can start from this zone 7: Sentiment ROC: The rate of change indicates that AUD is gaining strength. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish ☑️ Current Move: Impulse Move with one Choch. ✔ Support Resistance Base: Weekly support area and Fakeout. ☑️ Candles Behavior: Engulfing pattern making a valid low ☑️ FIB Trigger Event: Activated. ☑️ Trend Line Breakout: Confirmed. ☑️ Final Comments: Consider buying as an initial test entry. 💡 Decision: Buy 🚀 Entry: 0.5850 ✋ Stop Loss: 0.5795 🎯 Take Profit: 0.6090 😊 Risk to Reward Ratio: 1:3 🕛 Expected Duration: 5 Days Summary: The analysis suggests a bearish price structure with an impulsive move nearing completion. Various chart patterns and candlestick formations add complexity to the overall scenario. The RSI indicates a sideways zone, and the ADX confirms the bearish trend. A potential bullish entry is identified based on the current move, support resistance, and FIB trigger event. The risk-to-reward ratio is calculated at 1:3, and the expected duration for the trade is 5 days.
Long
by Optimum369
Aud Chf Long In this analysis, we will focus on the AUD/CHF forex pair within the limits of 0.57889 to 0.57408, aiming to identify potential signs of a bullish reversal. This range implies a downward movement in the pair's price, and we will assess the technical and fundamental factors that could contribute to a potential bullish reversal within this specific range. Technical Analysis: a. Support Level: The lower limit of 0.57408 represents a significant support level, where the pair's price has previously shown a strong tendency to bounce back upwards. This level indicates a potential area where bullish reversal patterns could emerge. b. Oversold Conditions: Utilizing oscillators like the Relative Strength Index (RSI), we observe if the AUD/CHF pair is oversold within the specified limits. An RSI reading below 30 or displaying bullish divergences suggests that selling pressure may have exhausted, setting the stage for a potential upward movement. c. Candlestick Patterns: Analyzing candlestick patterns, such as hammer, bullish engulfing, or morning star, can provide further insights. If these patterns appear near the lower limit, it may indicate a bullish reversal signal, reflecting buyers' emergence and potential price recovery. Fundamental Analysis: a. Macroeconomic Factors: Monitoring relevant economic developments in Australia and Switzerland can contribute to a bullish reversal analysis. Positive factors may include an improvement in Australian economic indicators like GDP growth, employment data, or increased consumer confidence. Additionally, favorable Swiss economic data, such as strong exports or positive monetary policy actions, can also support a bullish outlook. b. Central Bank Policies: Monitoring the monetary policies of the Reserve Bank of Australia (RBA) and the Swiss National Bank (SNB) is crucial. Any hints of a dovish stance by the RBA or a hawkish tone by the SNB can impact the AUD/CHF pair's dynamics, potentially favoring a bullish reversal. c. Market Sentiment and Risk Appetite: Assessing broader market sentiment and risk appetite is essential. If global markets exhibit a positive risk-on sentiment, characterized by increased investor confidence and a preference for riskier assets, it can positively influence the AUD/CHF pair's performance and contribute to a bullish reversal. Conclusion: Considering the technical analysis indicators such as significant support levels, potential oversold conditions, and relevant candlestick patterns, coupled with positive fundamental factors like improved economic indicators and supportive central bank policies, there is a possibility of a bullish reversal within the specified limits of 0.57889 to 0.57408 for the AUD/CHF forex pair. However, it is crucial to monitor ongoing market developments and adapt the analysis accordingly, as forex markets are subject to volatility and unforeseen events that may impact price movements.
Long
by realtrademaster
AUDCHF | Bullish Divergence | BullishAccording to my analysis, AUDCHF is currently in a downtrend. However, there are indications of a potential bullish reversal. Firstly, there is a Hidden Bullish Divergence observed on the 1-hour timeframe. This occurs when the price of an asset forms higher lows, while the corresponding indicator, in this case, AUDCHF, shows lower lows. This suggests a potential shift in momentum towards an upward movement. Additionally, there is an Inverse Head & Shoulder pattern formation, which further supports the potential reversal zone. The Inverse Head & Shoulder pattern is a bullish chart pattern characterized by three lows, with the middle low being the lowest (the "head") and the other two forming the "shoulders." This pattern indicates a potential trend reversal from bearish to bullish. Considering these indications, there is a possibility that the price of AUDCHF will soon move upwards. However, it's important to note that technical analysis is not foolproof, and other factors such as market conditions and fundamental analysis should be taken into account when making trading decisions.
Long
by awaisulabdeen
AUDCHF - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on AUDCHF. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalances lower and then to reject from bullish order block. Fundamental analysis: Tomorrow we have news on AUD, will be released Unemployment Rate. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD