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Audchfshort

AUDCHF facing bearish pressure, potential for further downside!AUDCHF is facing bearish pressure from descending trendline resistance as well as horizontal overlap resistance in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. Prices might push down towards horizontal swing low support in line with 161.8% Fibonacci retracement and 78.6% Fibonacci extension. If prices push up further, prices might face resistance from horizontal swing high resistance in line with 161.8% retracement as well as 161.8% Fibonacci extension. Ichimoku cloud is also above prices, showing a bearish pressure for prices.
Short
by TradeGATEHub
AUDCHF - Bearish BiasAUD - BEARISH 1️⃣ The risk-averse market environment could pressured the AUD. CHF - BULLISH 1️⃣ CHF benefitted by renewed surge in coronavirus cases and a slow pace of vaccination. The US Food and Drug Administration recommended states pausing the use of Johnson & Johnson's coronavirus vaccine after six cases of blood clots. 2️⃣ Traders welcomed a further relaxation in Switzerland’s Covid-19 restrictions despite infections continued to rise gradually as the country has one of the highest rates of complete vaccination in Europe. 3️⃣ Risk-off the supported the safe-haven CHF. ===== Technical ====== - We are selling the AUDCHF at SBR on M15. This is short term trading strategy from Monsun Asia. - Risk reward ratio is 2:1. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Short
by MonsunAsia
AUDCHF facing bearish pressure | 19th Apr 2021Prices are facing bearish pressure from horizontal swing high resistance which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards 1st support which coincides with horizontal swing low support which is in line with 50% Fibonacci retracement. If prices push up further, prices might face resistance from swing high resistance which is in line with 50% Fibonacci extension and 161.8% Fibonacci retracement. Stochastics is facing resistance from 92.64, the potential for a bounce.
Short
by FXCM
10
AUDCHF facing bearish pressure | 19th Apr 2021Prices are facing bearish pressure from horizontal swing high resistance which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards 1st support which coincides with horizontal swing low support which is in line with 50% Fibonacci retracement. If prices push up further, prices might face resistance from swing high resistance which is in line with 50% Fibonacci extension and 161.8% Fibonacci retracement. Stochastics is facing resistance from 92.64, the potential for a bounce.
Short
by FXCM
3
AUDCHF facing bearish pressure, potential for more downside!Prices are facing bearish pressure from horizontal swing high resistance which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards 1st support which coincides with horizontal swing low support which is in line with 50% Fibonacci retracement. If prices push up further, prices might face resistance from swing high resistance which is in line with 50% Fibonacci extension and 161.8% Fibonacci retracement. Stochastics is facing resistance from 92.64, potential for bounce.
Short
by TradeGATEHub
AUDCHF facing bearish pressure, potential for further downside!Prices are facing bearish pressure from descending trendline resistance as well as 1st resistance in line with 50% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push downwards towards 1st support, in line with 78.6% FIbonacci extension and 127.2% Fibonacci retracement. If prices push further up from 1st resistance, prices might face resistance from 2nd resistance which is in line with 161.8% Fibonacci retracement and 78.6% Fibonacci extension. EMA is also above prices, showing a bearish pressure for prices.
Short
by TradeGATEHub
3
AUDCHF facing bearish pressure | 12th Apr 2021Prices are facing bearish pressure from descending trendline resistance as well as 1st resistance in line with 50% Fibonacci extension and 78.6% Fibonacci retracement . Prices might push downwards towards 1st support, in line with 78.6% FIbonacci extension and 127.2% Fibonacci retracement . If prices push further up from 1st resistance, prices might face resistance from 2nd resistance which is in line with 161.8% Fibonacci retracement and 78.6% Fibonacci extension . EMA is also above prices, showing a bearish pressure for prices.
Short
by FXCM
AUDCHF facing bearish pressure | 12th Apr 2021Prices are facing bearish pressure from descending trendline resistance as well as 1st resistance in line with 50% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push downwards towards 1st support, in line with 78.6% FIbonacci extension and 127.2% Fibonacci retracement. If prices push further up from 1st resistance, prices might face resistance from 2nd resistance which is in line with 161.8% Fibonacci retracement and 78.6% Fibonacci extension. EMA is also above prices, showing a bearish pressure for prices.
Short
by FXCM
1