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Audchfshort

AUDCHF Fundamental Analysis – November 28th 2019Australian Private Capital Expenditure posted a bigger-than-expected quarterly contraction. Australian Plant & Machinery Capital Expenditure posted a significant drop and erased the previous quarter’s increase. Despite the disappointing economic data set, the Australian Dollar remained well supported and the AUDCHF inside its resistance zone. Will bulls be able to lunch a breakout and extend the gains, or will bears prepare for a breakdown? Today’s fundamental analysis will take a look at price action in both directions. The Swiss GDP for the third-quarter surprised to the upside and the quarterly increase clocked in at double the expected rate. This failed to significantly boost the Swiss Franc as comments out of the SNB regarding a potential interest rate cut dominate. The AUD/CHF remained stable inside its resistance zone, but which way is price action headed next and what will be the next catalyst? Subscribe to the PaxForex Daily Fundamental Analysis and earn over 5,000 pips per month. KEY FUNDAMENTAL FACTORS FOR THE AUDCHF Here is the key factor to keep in mind today for Australian Dollar trades: Australian Capital Expenditure: Australian Private Capital Expenditure for the third-quarter decreased by 0.2% quarterly. Economists predicted a decrease of 0.1% quarterly. Forex traders can compare this to Australian Private Capital Expenditure for the second-quarter which decreased by 0.6% quarterly. Australian Building Capital Expenditure for the third-quarter increased by 2.7% quarterly. Forex traders can compare this to Australian Building Capital Expenditure for the second-quarter which decreased by 3.0% quarterly. Australian Plant & Machinery Capital Expenditure for the third-quarter decreased by 3.5% quarterly. Forex traders can compare this to Australian Plant & Machinery Capital Expenditure for the second-quarter which increased by 2.0% quarterly. Here is the key factor to keep in mind today for Swiss Franc trades: Swiss GDP: The Swiss GDP for the third-quarter increased by 0.4% quarterly and by 1.1% annualized. Economists predicted an increase of 0.2% quarterly and 0.8% annualized. Forex traders can compare this to the Swiss GDP for the second-quarter which increased by 0.3% quarterly and by 0.2% annualized. Should price action for the AUDCHF remain inside the or breakdown below the 0.6750 to 0.6790 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 0.6760 Take Profit Zone: 0.6500 – 0.6545 Stop Loss Level: 0.6840 Should price action for the AUDCHF breakout above 0.6790 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 0.6840 Take Profit Zone: 0.6950 – 0.7020 Stop Loss Level: 0.6790 Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Is your forex investment in good hands? Find out why more and more forex traders trust PaxForex with their portfolios! WHY TRADE WITH PAXFOREX? We are one of the fastest growing Forex Brokers in the Market. Trade with PaxForex to get the full Forex Trading experience which is based on... The Reliability on all Assets in the Market Trusted Worldwide for over a Decade Live Multi-Lingual Online Support 24/5
by PaxForex
1
AUDCHF - FOREX - 26. NOVE. 2019Welcome to our weekly trade setup ( AUDCHF )! - 1 HOUR Bearish pressure and price action. 4 HOUR Slowly rising market with a strong reaction now, I see bearish candles comming up now. DAILY Bearish market with small pullback to the upside, looking for another push to the downside. - FOREX SETUP SELL AUDCHF 1ST ENTRY @ 0.67620 2ND ENTRY @ 0.67750 SL @ 0.67980 TP @ 0.67220 RR: 1.1 / 2.35 Use 0.5% risk per Entry! (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
by DACapitalTrading
get ready to sell this pairAs you can see my chart analysis.... it clearly explains itself,i marked out the channel in which it is forming an uptrend... i trade out of the channel but i only trade the reversal not the continuation And i think the reversal is coming because it is the area of our resistance.... so boys calm down and i will update you guys when you gonna sell or maybe sell when a strong bearish candle stick forms outside the lower boundary of the channel.. thanks guys..........
Short
by Charliemonk