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Audchfdaily

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 approaching resistance, look out for potential reversal! AUDCHF is approaching its resistance at 0.69056 where it is could reverse down to its support at 0.68288. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
AUDCHF Major LevelAUDCHF has been travelling in a descending channel marked out in black. Price recently hit the top of the channel and has started making its way down, on its way it has formed another descending channel marked out in blue. Right now price is at a major support level, It has previously been tested in the past very strongly. If price breaks above the descending channel we could be seeing another test of this area and make its way back up, or it could break below this area, retest it before dropping to make Lower Lows.
Short
by UnknownUnicorn2396129
AUDCHF AT THE BOTTOM OF ITS TRIANGLE AUDCHF has been travelling in a triangle, and we have just experienced a rally downwards all the way to the bottom of the triangle, Price right now is at a major level as it is also near a major area of support marked out with a pink rectangle. Price right now could either break below the support area and out of the triangle to the downside or it could bounce from this area of support and continue travelling in a the triangle upwards. For price to continue travelling in the triangle we will need to see some sort of bullish candle, Till then we are waiting.l.. LEAVE YOUR THOUGHTS BELOW....
by UnknownUnicorn2396129
AUDCHF SELL LIMIT OPPORTUNITYThe price action of AUDCHF recently has been quite simple, it has been travelling in a triangle, price most recently broke out of a descending trend line to the upside and while doing so formed an ascending channel. Price followed in the channel all the way up to the top of the triangle where we experienced a small breakout to the upside. This was quickly turned into a false breakout when price shot down, breaking out of the ascending channel to the downside and back into the triangle. Now, price will most likely come back up to retest the inside top of the triangle before making its way back down. The 0.618 retracemennt level lines up perfectly with the inside of the triangle, we have placed sell limit orders at the 0.618 and our tp is at the -1.27 extension level. IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
Short
by UnknownUnicorn2396129
AUDCHF GREAT OPPORTUNITY AUDCHF on the daily chart has been travelling in a large descending channel, and inside that channel is a triangle which was broken out of to the downside, since then, price has formed a descending trendline, however we have reached a major reversal poinnt of this wave, we are at a major resistannce and also the 0.618 retracement level. Price shot up from this area to the trendline where it rejected the trendline, If price breaks out to the upside of the trendline then we could see price move up to the top of the ascending channel or even the -0.217 extension level. If price breaks below the 0.618 and current resistance then price could move down to the next support zone marked out above
Short
by UnknownUnicorn2396129
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