AUDCHF - Bearish BiasAUD - BEARISH
1️⃣ Heightened US-China tensions hit risk sentiment, following news that President Donald Trump is set to add around 80 more Chinese companies and their affiliates to the Commerce Department’s Entity List.
2️⃣ Market participants also digested news that the US FDA is expected to grant emergency use authorization for Moderna's virus vaccine on Friday after a panel of external advisers endorsed the company's vaccine candidate.
3️⃣ Negative sentiment weighing on the AUD.
CHF - BULLISH
1️⃣ The risk-off tone boosted the safe-havens like the CHF.
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Technical
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We are selling the AUDCHF below SBR + below SMA 50 on the H1 chart.
Audchfshort
AUDCHF ShortThis is AUDCHF for a short.
China and Australian trade war brought fear to Australian market.
What we know is that China put tarrif on australian wines, bailey and stop delivery from theor shore of beef and Coal.
This action brought the Iron Ore price higher and China.
However Iron ore price cannot go up more and more as the demand will surely fall.
therefore AUD will fall and CHF is a nice currency known for being a "Safe Heavens"
AUDCHF - Major Resistance. Will it Hold? Overall view, Bearish.
Looking at Weekly, Daily and 4H, all our Higher Time Frame (HTF) are forming an LH, for now.
Keeping an eye on this major resistance levels. Once we see more Bearish elements and rejections on HTF then will update an analysis here on Lower Time Frame (LTF) and look for an Sell setup.
Follow us for Daily analysis and setups.
AUDCHF - SWING - 09. DECE. 2020Welcome to our weekly trade setup ( AUDCHF )!
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1 HOUR
Bearish turnaround after closing above main sr level.
4 HOUR
Very bullish market structure and price action..
DAILY
Expecting another push to previous highs and resistance level!
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FOREX SWING
BUY AUDCHF
ENTRY LEVEL @ 0.90230
SL @ 0.90760
TP @ 0.89470
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
AUDCHF showing a strong resisitive downtrend.Decided to take the wave analyzer sell entry confirmation/signal after marking up the chart for support and resistance. Will be monitoring the 20 EMA throughout the day to trail my stop loss.
If anyone has any questions about the entry and exit indicators feel free to direct message me.
AUDCHF is approaching resistance, potential for further drop!Price is facing bearish pressure from our first resistance, in line with our horizontal swing high resistance and 61.8% Fibonacci extension, where price could drop from this level towards our first support, which is in line with our horizontal overlap support, 61.8% Fibonacci retracement and 100% Fibonacci extension. It is worth noting that RSI is testing the resistance level at 61.77.
Respected Daily trend line and bulls lose control.As you can see, the daily trendline was restpected well for the third time creating multiple tops and rejection. also we broke our 4HR trendline. bulls are losing control and bears are taking over.
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I wish everyone a great trading week!
AUDCHF - SWING - 18. NOVE. 2020Welcome to our weekly trade setup ( AUDCHF )!
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1 HOUR
Bullish reaction after closing below main sr level.
4 HOUR
Expecting this price action to be a fake out.
DAILY
Overall looking bearish for me right now.
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FOREX SWING
SELL AUDCHF
ENTRY LEVEL @ 0.66640
SL @ 0.66920
TP @ 0.65460
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN