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Audchflong

AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7235 (horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7165 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance and seeing a bearish divergence and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Short
by Tickmill
AUDCHF approaching resistance, potential drop!AUDCHF is approaching our first resistance at 0.7235 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.7165 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastics (34,5,3) is also approaching resistance and we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
AUDCHF approaching support, potential bounce! AUDCHF is approaching our first support at 81.82 (Horizontal swing low support, 76.4 fibonacci retracement, 61.8 fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 82.70 (horizontal swing high resistance, 78.6% fiboancci retracement, 61.8% fibonacci extension). Stochastic (55,5,3) is approaching support and we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
1
AUDCHF approaching support, potential bounce! AUDCHF is approaching our first support at 0.7217 (horizontal pullback support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7315 (horizontal overlap resistance, 61.8%, 76.4%, 50% Fibonacci retracement). Stochastics (34,5,3) is approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
AUDCHF approaching resistance, potential drop!AUDCHF is approaching our first resistance at 0.7315 (horizontal pullback resistance, 61.8%, 76.4% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 0.7217 (horizontal pullback support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
Long AUD/CHF break above 110-EMAAussie buoyed after robust trade balance data released earlier today. The antipodean also helped by Chinese Caixin Manufacturing PMI data that managed to hold above the 50.0 critical level. Asians stocks are solidly bid Thursday as China's leadership signaled that further stimulus is being planned to counter the economic slowdown. Technical studies are bullish. The pair has shown a break above daily cloud and we see scope for further upside. The pair is now testing 110-EMA at 0.7178, break above to see upside till 61.8% Fib at 0.7312. Support levels - 0.7145 (38.2% Fib), 0.7095 (55-EMA) Resistance levels - 0.7178 (110-EMA), 0.7229 (50% Fib), 0.7312 (61.8% Fib) Stay long on breakout above 110W SMA, target 0.7230/ 0.7310
Long
by FxWirePro
AUDCHF Breaking Resistance & PullbackPrice has recently broken out of a resistance zone at the 0.712 level that had been tested multiple times. Since breaking out, price has come back to re-test the zone from the other side and is now beginning to accept that level and push upwards. There is also an upwards trend line in place that has been tested and bounced off of 3 times which has acted as confirmation of its validity. I am looking at this trade as a breakout opportunity and will be wary of price potentially moving back towards the trend line in order to test it again, however due to the positive upwards momentum tying in with the breakout, I am confident of an upwards price movement. TRADE DETAILS ENTRY: 0.713 - 0.714 STOP LOSS: 0.71 - 0.711 (just below peaks under the resistance zone) TAKE PROFIT: 0.7235 (based on previous minor resistance points)
Long
by togden123
AUDCHF Weekly Forex Forecast 23rd September To 28th SeptemberMidterm forecast: 0.7145 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 0.7145 is broken. Technical analysis: The RSI bounced from the support #1 at 25 and it prevented price from more losses. While the RSI downtrend #2 is not broken, bearish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 43.
by EIP-EverythingIsPlanned