Audchfforecast
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.
Long Term Swing - Ichimoku AUD/CHF Trade SetupThis pair had been stuck in a zone for awhile but is now testing a major price structure support level. This is a pretty straight forward setup where I am looking for a break of price structure support for a chance to swing trade lower. I've set my long term target at major price structure lows you can see on the left side of the screen, but we have lots of levels to aim for as long this bearish trend stays valid. I've drawn out horizontal lines at a lot of these levels that I will use for partial take profit levels to aim for along the way. If we fail to break through this support level or continue on a bearish trend, this setup may become invalidated.
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!
AUDCHF approaching support, potential for a bounce!
AUDCHF is expected to drop to 1st support at 0.68591 where it could potentially react off and up to 1st resistance at 0.69022.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCHF Long (Another Entry )We can see clearly that 0.69640 is a level where the sell orders were made, we managed to close daily as A big Hammer which means
that the price will climb higher, A good entry is 0.69610 with tight stop loss, we have to gain some space to break that level were the
sell orders were made.
My tp is 0.69929
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.*
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BULLISH ON AUDCHF This pair broke out bullish after reaching support ( the point where it started moving up) . We've currently seen price move bearish into what i'd see as a pullback with potential to for price to bullish again and create new highs toward the price level marked with the green line which is also our take profit level.
ENTRY - Grey line
STOP LOSS - Red line
TAKE PROFIT - Green line
Risk exposure - 1%
Happy trading all :)
AUDCHF - Long After a great short trade on AUDCHF this week, we are looking at a short-term long position on this pair after a clear rejection of the 0.68200 level and a break of the downtrend.
If price can pull back to 0.65520 and show a bullish rejection at this level then we will look to take a long position with stops and targets as shown for a 1% capital exposure and a 2% target.
Cheers, Paul.
AUDCHF - EDUCATION - 16. JUNE. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
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1 HOUR
Bearish market conditions searching for support.
4 HOUR
Strong bearish waving market with small pullbacks.
DAILY
Price at january lows slowing down, in my view there should be a pullback to the upside shortly.
OVERALL
Very bearish market with strong sellers rallie, price slowing down and found support kind of right now.
Looking for pullback patterns if we are able to form new lows this week.
Market nearly always had a pretty strong pullback at our levels and those lows.
Good luck
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Have a great week everyone!
ALAN