AUDCHF approaching resistance, look out for potential reversal!
AUDCHF is approaching its resistance at 0.67724 where it is could reverse down to its support at 0.66571.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Audchfshort
AUDCHF SHORT This is my personal analysis for AUDCHF, on the daily TF market has been trending bearish with 3 touches on the daily TF trendline, narrowing down to the 4 hour market made a double buttom followed by a fake - out. The pair has aggressively been bullish since the double buttom confirmation and currently at a confluence of two resistance namely
1. The previous high with a heavy bearish hammer rejection and 2. The daily bearish trendline. The bears have creeped in and pushing the pair down, i will prefer to enter a short with a bearish confirmation candle stick on the 4 hr.
AUDCHF | Expecting of Highly Downward I have Studied AUDCHF by Helping Elliot Waves, Now I can See it can go Further Downward as We can see it completes Elliot Waves Sequence Beautifully. Now it reached on wave 4's Support. It ll make a high on my red Highlighted place, then the path ll clear to see AUDCHF coming Down
AUDCHF Fundamental Analysis – September 19th 2019Here are the key factors to keep in mind today for Australian Dollar trades:
Australian Employment Report: The Australian Employment Change for August was reported at 34.7K. Economists predicted a figure of 15.0K. Forex traders can compare this to the Australian Employment Change for July which was reported at 36.4K. The Unemployment Rate for August was reported at 5.3%. Economists predicted a reading of 5.2%. Forex traders can compare this to the Unemployment Rate for July which was reported at 5.2%. 15.5K Full-Time Positions were lost and 50.2K Part-Time Positions were created in August. Forex traders can compare this to the creation of 32.0K Full-Time Positions and 4.4K Part-Time Positions which were reported in July. The Labor Force Participation Rate for August was reported at 66.2%. Economists predicted a reading of 66.0%. Forex traders can compare this to the Labor Force Participation Rate for July which was reported at 66.1%.
RBA FX Transactions: RBA FX Transactions for August were reported at A$608M. Forex traders can compare this to RBA FX Transactions for July which were reported at A$837M. RBA FX Government Transactions for August were reported at -A$750M and RBA FX Other Transactions were reported at A$531M. Forex traders can compare this to RBA FX Government Transactions for July which were reported at -A$961 and to RBA FX Other Transactions which were reported at -A$4,377M.
Here are the key factors to keep in mind today for Swiss Franc trades:
Swiss Trade Balance: The Swiss Trade Balance for August was reported at CHF1.588B. Economists predicted a figure of CHF3.220B. Forex traders can compare this to the Swiss Trade Balance for July which was reported at CHF3.686B. Exports for August decreased by 4.4% monthly and Imports increased by 1.0% monthly. Forex traders can compare this to Exports for July which decreased by 1.2% monthly and to Imports which decreased by 0.5% monthly. Swiss Watch Exports for August increased by 4.7% annualized. Forex traders can compare this to Swiss Watch Exports for July which increased by 4.3% annualized.
Swiss National Bank Sight Deposit Interest Rate: The Swiss National Bank Sight Deposit Interest Rate is predicted at -0.75%. Forex traders can compare this to the previous Swiss National Bank Sight Deposit Interest Rate which was reported at -0.75%. The SNB 3-Month Libor Lower Target Range is predicted at -1.25% and the SNB 3-Month Libor Upper Target Range is predicted at -0.25%. Forex traders can compare this to the previous NB 3-Month Libor Lower Target Range of -1.25% and to the SNB 3-Month Libor Upper Target Range of -0.25%.
Should price action for the AUDCHF remain inside the or breakdown below the 0.6730 to 0.6810 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.6755
Take Profit Zone: 0.6500 – 0.6575
Stop Loss Level: 0.6845
Should price action for the AUDCHF breakout above 0.6810 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.6845
Take Profit Zone: 0.6955 – 0.7000
Stop Loss Level: 0.6800
AUD/CHF: Day-Swingtrade-Opportunity#SHSHey tradomaniacs,
welcome to another free signal of WEEK 38 NR. 6!
How to trade: Wait for the confirmed rejection at both trendlines and the horizontal resistance before you sell!
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Type: Day-Swingtrade
Sell here: 0,67935
Stop-Loss: 0,68115
Target 1: 0,67753
Target 2: 0,67650
Target 3: 0,67497
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Peace and good trades
Irasor
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AUDCHF - FOREX - 09. SEPT. 2019Welcome to our weekly trade setup ( AUDCHF )!
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1 HOUR
Very bullish market and price movement
4 HOUR
Market need a pullback shortly, prices way too high right now.
DAILY
Bearish waving market with great short entries now!
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FOREX SETUP
SELL AUDCHF
ENTRY @ 0.67970
SL @ 0.68500 (50 Pips)
TP @ 0.67080 (90 Pips)
RR: 1.70
Use 1%-2% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN