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Chfaudshort

CHFAUD Potential ReversalThere are indications of a potential reversal in the CHFAUD currency pair. The suggested stop loss is set at 1.626, which acts as a risk management tool to limit potential losses if the reversal doesn't materialize as anticipated. On the other hand, the take profit level is identified at 1.647, representing the desired price target. It's important to note that technical analysis provides insights based on historical price patterns and indicators. However, market conditions can be unpredictable, and there is no guarantee that the anticipated reversal will occur or that the price target will be reached. Looking forward to read your opinion about it!
Long
by TopgOptions
CHF/AUD TP Hit, Look For RetraceThis has just hit TP on previous posts for this pair. Now looking for this to retrace and possible re-entry for shorts. Fibonacci obviously depends where this current downward move ends but currently 0.382 aligns with previous structure so this makes sense to be the area this could retrace to. Then need to see bounce from this resistance lower. I'm currently setting target as 1.4130 for that next move but I will make a new post for this if and when the retrace comes.
by olly48
CHFAUD approaching resistance, potential drop! CHFAUD is approaching our first resistance at 1.3412 (horizontal swing high resistance, 38.2%, 78.6% Fibonacci retracement, 100% Fibonacci extension). A strong reaction might occur below this level, pushing price down to our major support at 1.3204 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic is also approaching our major resistance where a reaction off this level might be a good precursor for a potential 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
CHFAUD approaching support, potential bounce! CHFAUD is approaching our first support at 1.3204 (horizontal swing low support, 100% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 1.3412 (horizontal overlap resistance, 78.6% Fibonacci retracement). RSI (55) is also seeing a bullish divergence and we 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 easyMarkets
CHFAUD is approaching support, potential bounce! CHFAUD is approaching our first support at 1.334 (horizontal swing low support) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 1.3421 (horizontal swing high resistance, 61.8% Fibonacci extension). A breakout above our intermediate resistance at 1.3340 (horizontal overlap resistance, 38.2% Fibonacci retracement) might provide the bullish acceleration to our major resistance level. Stochastic (89,5,3) is also approaching our major support and we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
CHFAUD broke out of support, further potential drop! CHFAUD broke out of our first support-turned-resistance at 1.3340 (horizontal pullback resistance) and short term ascending support-turned-resistance line. A strong reaction might occur below this level, pushing price down to our major support at 1.3216 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure, in line with our bearish bias. RSI (55) is also seeing a bearish exit and we 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
CHFAUD approaching support, potential bounce! CHFAUD is approaching our first support at 1.3341 (horizontal overlap support, 50% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.3403 (horizontal overlap resistance, 50% Fibonacci retracement. Stochastic (89,5,3) is also seeing a bullish divergence and is approaching our major support where 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 easyMarkets
CHFAUD approaching resistance, potential drop! CHFAUD is approaching our first resistance at 1.3468 (horizonal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) which coincides with our short term descending resistance line. A strong reaction might occur below this level, pushing price down to our major support at 1.3339 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching our major resistance and a reaction off this level might be a good precursor for a potential 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
CHFAUD is approaching support, potential bounce! CHFAUD is approaching our first support at 1.3304 (horizontal swing low support, 100% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 1.3601 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching our major support and is seeing a bullish divergence, which 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
CHFAUD approaching support, potential bounce! CHFAUD is approaching our first support at 1.3312 (horizontal overlap support, 100% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 1.3480 (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching our major 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
CHFAUD approaching support, potential bounce! CHFAUD is approaching our first support at 1.3510 (horizontal overlap support, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement). A strong bounce might occur at this level, pushing price up to our major resistance at 1.368 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (21,5,3) is also approaching our major support and a bounce off this level might be a good precursor of a potential rise in price. Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
Long
by Tickmill