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Audchfshort

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
Short
by FxWirePro
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.
Long
by Tickmill
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.
Short
by Tickmill
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.
Short
by easyMarkets
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.
Short
by Tickmill
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.
Short
by easyMarkets
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.
Long
by Tickmill
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.
Long
by Tickmill
AUD/CHF slumps, 'Shooting Star' suggests further declinesAUD/CHF extends weakness after upside was rejected at daily cloud. We evidence a 'Shooting Star' pattern formed on the daily charts which supports further weakness in the pair. Price action has retraced below 21-EMA and 5-DMA, eyes major trendline support (Triangle Base) at 0.7280. Breach at 'Triangle Base' raises scope then for test of 0.7242 (2018 lows). Bearish invalidation only on break above cloud base. Support levels - 0.73, 0.7280 (trendline), 0.7263 (Mar 28 low), 0.7242 (2018 lows till date) Resistance levels - 0.7366 (5-DMA), 0.7370 (21-EMA), 0.74 Good to stay short on upticks, SL: 0.7375, TP: 0.73/ 0.7280/ 0.7245
Short
by FxWirePro
2
AUDCHFAussie weak for the while might make it to the Target before turning up as they always do up down up down fighting with each other all the time or just taking turns Best time to buy is on Pull back some reckon cheaper, but i like to see break of Support and Monentum helps and News Helps and Patterns do help it all comes into play really just starting to understand that. Being able to Predict the next Supprot or Resistence is the best thing thing which i can now do i feel after many months years on and off pouring over charts and watching Youtube Vids and trying to put 2 and 2 together. still havn't made any money yet though Ha ! maybe soon. You don't have to take that long if some one teaches you though. Can someone tell me why Aussie has been so weak lately Cheers
Short
by NZ_Shareman