AUDCHF Short Engulfing Candle - 12H ChartPrice in a downtrend. First target last swing low (about 1.5R). Second target: trailing stop
Audchfshort
AUDCHF BUY TO SELLi am looking for an impulse move up to
around 0.71353 or just below. i would
enter the trade down for the sell
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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.
Audchf sell with bearish trend +Pin baraudchf sell setup with bearish trend and formed pin bar in d1 next target 0,68050
AUDCHF WEEK CHART FX:AUDCHF has just made an nice impulse down. i am now expecting a reversal before we see the final fall down. I personally wont trade this yest. will give it a few days (might even be a couple of weeks) and will post an update of my entry and exit.
thanks
AUDCHF / H4 / ROUNDING BOTTOMWe have a change in bias on AUDCHF. At TP1 close 50% of trade and move stop to entry.
Extended target is the next monthly support channel.
AUD/CHF closes below 61.8% Fib, bias bearish, tgt 78.6% FibAUD/CHF Bias Bearish
- Price has breached major trendline support at 0.70
- Momentum studies are highly bearish
- Bollinger Bands on weekly charts are widening
- MACD supports trend lower
Support levels - 0.6805 (78.6% Fib), 0.6752 (Feb 2016 low), 0.67
Resistance levels - 0.6964 (5-DMA), 0.70, 0.7108 (21-EMA)
Stay short on upticks, SL: 0.7108, TP: 0.68/ 0.6755
AUDCHF about to retest resistance with pullbackAUDCHF about to retest resistance with pullback
RSI overbought
Looking bearish
Love to hear your thoughts and ideas.
This is for my personal research
AUD/CHF eyes channel base at 0.71, stay short AUD/CHF extends grind lower along 5-DMA, hits 2-year lows at 0.7130.
Technical analysis supports bearish bias, we see scope for further weakness.
Upside remains capped at 5-DMA and major moving averages are sloping downward.
Momentum studies are highly bearish, RSI biased lower and below 50 levels.
Price is falling in a downward sloping channel and next major bear target lies at channel base at 0.71 levels.
On the flipside break above 5-DMA finds next major resistance at 21-EMA at 0.7244.
Violation at channel top reverses downtrend in the pair.
Support levels - 0.7130 (session low), 0.71 (channel base), 0.7032 (2016 low)
Resistance levels - 0.7169 (5-DMA), 0.7246 (21-EMA), 0.73
Stay short on upticks, SL: 0.7175, TP: 0.71/ 0.7035
AUDCHF approaching support, potential bounce! AUDCHF is approaching our first support at 0.7149 (horizontal swing low support, 50%, 61.8%, Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7288 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension)
Stochastic (89,5,3) is also approaching our resistance and a reaction below this level 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.
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7278 (horizontal pullback resistance, 50%, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7152 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias.
Stochastic (55,5,3) is also approaching our resistance and a reaction below this level 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.
EURUSD is approaching our first resistance at 1.1511 (horizontalEURUSD approaching resistance, potential drop!
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7278 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7152 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias.
Stochastic (21,5,3) is also approaching our resistance and a reaction below this level 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.
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7266 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7176 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias.
Stochastic (34,5,3) is also approaching our resistance and a reaction below this level 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.
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7266 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7176 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias.
Stochastic (34,5,3) is also approaching our resistance and a reaction below this level 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.
Weekly Bear sash and death cross - expect 250 pips dropPrice below the cloud - Bear market
Bearish tenkan kijun cross below the cloud
Future cloud - Bearish
Trendlines after CLOSE
Targets after Fib extensions
Tail of Bear sash pattern and kumo clouds act as resistance.
AUDCHF approaching support, potential bounce! Price is approaching our first support at 0.7316 (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 0.7392 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension).
Stochastic (55,5,3) is also approaching support and a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHF approaching support, potential bounce!Price is approaching our first support at 0.7316 (horizontal swing low support, 61.8% fibonacci extension, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7396 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (55,5,3) is also approaching our support and a bounce off this level might be a good precursor for a potential rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHF - Bearish evening star on dailyThere was Evening Star and Bearish Harami on AUDCHF daily. I expect it to drop all the way down to 724.57. Fine bearish Ichimoku setup on daily. I just tuned up to hourly for intraday entries.
