AUDCHF potential reversal!
AUDCHF expected to rise up to 1st resistance at 0.67866 where it could potentially react off and drop down to 0.67516.
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Audchfdaily
AUDCHF approaching support, potential for a bounce!
AUDCHF is expected to drop to 1st support at 0.67311 where it could potentially react off and up to 1st resistance at 0.67479.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCHF FULL ANALYSIS REPORT ARE READY.In the name of Allah, the Most Gracious, the Most Merciful".
AUDCHF Analysis As per Swing Trading Setup.
Trend Analysis: In Weekly Time Frame Market has Already tested August 2015 Support Level Looks Like Double Bottom.
Trend will be more upside as per the weekly Time Frame. From Testing Bottom of August 2015 Market Has Tested its Minor,
resistance level of August 2018 and Jan 2016 Hope for minor correcting in 4 Hrs Time Fram we may see 2.1 Ration with Currently Entry point.
Swing Trading: As per 4 Hrs and 1hrs Time Fram We have seen an Uptrend line Break to Downside
we May see Pullback test the Trend line and may fall more after testing the trendline or we can expect
fall to the downside.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example, you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
AUDCHF approaching resistance, look out for potential reversal!
AUDCHF is approaching its resistance at 0.67724 where it is could reverse down to its support at 0.66571.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCHF Fundamental Analysis – September 19th 2019Here are the key factors to keep in mind today for Australian Dollar trades:
Australian Employment Report: The Australian Employment Change for August was reported at 34.7K. Economists predicted a figure of 15.0K. Forex traders can compare this to the Australian Employment Change for July which was reported at 36.4K. The Unemployment Rate for August was reported at 5.3%. Economists predicted a reading of 5.2%. Forex traders can compare this to the Unemployment Rate for July which was reported at 5.2%. 15.5K Full-Time Positions were lost and 50.2K Part-Time Positions were created in August. Forex traders can compare this to the creation of 32.0K Full-Time Positions and 4.4K Part-Time Positions which were reported in July. The Labor Force Participation Rate for August was reported at 66.2%. Economists predicted a reading of 66.0%. Forex traders can compare this to the Labor Force Participation Rate for July which was reported at 66.1%.
RBA FX Transactions: RBA FX Transactions for August were reported at A$608M. Forex traders can compare this to RBA FX Transactions for July which were reported at A$837M. RBA FX Government Transactions for August were reported at -A$750M and RBA FX Other Transactions were reported at A$531M. Forex traders can compare this to RBA FX Government Transactions for July which were reported at -A$961 and to RBA FX Other Transactions which were reported at -A$4,377M.
Here are the key factors to keep in mind today for Swiss Franc trades:
Swiss Trade Balance: The Swiss Trade Balance for August was reported at CHF1.588B. Economists predicted a figure of CHF3.220B. Forex traders can compare this to the Swiss Trade Balance for July which was reported at CHF3.686B. Exports for August decreased by 4.4% monthly and Imports increased by 1.0% monthly. Forex traders can compare this to Exports for July which decreased by 1.2% monthly and to Imports which decreased by 0.5% monthly. Swiss Watch Exports for August increased by 4.7% annualized. Forex traders can compare this to Swiss Watch Exports for July which increased by 4.3% annualized.
Swiss National Bank Sight Deposit Interest Rate: The Swiss National Bank Sight Deposit Interest Rate is predicted at -0.75%. Forex traders can compare this to the previous Swiss National Bank Sight Deposit Interest Rate which was reported at -0.75%. The SNB 3-Month Libor Lower Target Range is predicted at -1.25% and the SNB 3-Month Libor Upper Target Range is predicted at -0.25%. Forex traders can compare this to the previous NB 3-Month Libor Lower Target Range of -1.25% and to the SNB 3-Month Libor Upper Target Range of -0.25%.
Should price action for the AUDCHF remain inside the or breakdown below the 0.6730 to 0.6810 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.6755
Take Profit Zone: 0.6500 – 0.6575
Stop Loss Level: 0.6845
Should price action for the AUDCHF breakout above 0.6810 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.6845
Take Profit Zone: 0.6955 – 0.7000
Stop Loss Level: 0.6800
AUDCHF approaching resistance, look out for potential reversal!
AUDCHF is approaching its resistance at 0.66646 where it is could reverse down to its support at 0.65576.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.