AUDCHF, Cup and Handle FormationCup and Handle Formation
Multiple Rejection From Resistance Zone
Breakout Expected
Buy @ CMP
or Buy @ Breakout
Target next weekly resistance
Sl below HL
About Australian Dollar / Swiss Franc
The Australian Dollar vs. the Swiss Franc pair is usually used as a carry trade. Swiss Franc is considered as a safe currency during unstable economic times and the Australian Dollar is a more responsive one to global economic conditions. AUD CHF pair is often used as a measuring stick for the global economic performance.
AUDCHF : BUYI have set this position based on my analysis of the market and trading strategy. Therefore, it is recommended that investors conduct their own research and due diligence before making any investment decisions
AUDCHFI am still bullish on this spot on AUDCHF. A huge spike up, and a slow correction. Most likely it will pull back from here.
Potential bullish rise?AUD/CHF has reacted off the resistance level which is an overlap resistance and could potentially rise from this level to our take profit.
Entry: 0.57510
Why we like it:
There is an overlap resistance level.
Stop loss: 0.57220
Why we like it:
There is a pullback support level.
Take profit: 0.5798
AUD/CHFMonthly, it made a Bulish almost engulfing towards 0.60500 and below 200,50 and 20 EMA.
Weekly shows a rising Wedge towards 0.58500 and Engulfing Bullish and price is below 200 and 50 EMA.
On Daily, It created a Cups and Handle for Bullish move, and RSI is down to 14.
AUDCHF long setupEntry timeframe (4H) ()
- Double bottom followed by a bullish M without break of structure (SL below 1st low + at least 5 pips)
- Going BE once the 4H TP is hit
- Rounded bottom in the making
Daily timeframe ()
- Impulse/corection
- Inverse head and shoulders (valid after dissecting)
- Breaking o
AUDCHF November 2024Watch the pair to catch with EURAUD.
It is way behind the its highly negatively correlated pair.
I am now chasing the correction to complete and take the buy trade.
AUDCHF - Look for a long position !!Hello traders!
‼️ This is my perspective on AUDCHF.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. Wait for a retracement to fill the imbalance lower and then rejection from bullish OB.
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Bearish reversal?AUD/CHF is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.57896
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Falling towards the 38.2% Fibonacci support?AUD/CHF is falling towards the pivot which is an overlap support and could bounce to the pullback resistance.
Pivot: 0.57525
1st Support: 0.57174
1st Resistance: 0.57925
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of AUDCHF is 0.57403 CHF — it has decreased by −0.26% in the past 24 hours. See more of AUDCHF rate dynamics on the detailed chart.
The value of the AUDCHF pair is quoted as 1 AUD per x CHF. For example, if the pair is trading at 1.50, it means it takes 1.5 CHF to buy 1 AUD.
The term volatility describes the risk related to the changes in an asset's value. AUDCHF has the volatility rating of 0.42%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The AUDCHF showed a 0.02% rise over the past week, the month change is a 0.15% rise, and over the last year it has decreased by −1.21%. Track live rate changes on the AUDCHF chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
AUDCHF is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade AUDCHF right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with AUDCHF technical analysis. The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the AUDCHF shows the sell signal, and 1 month rating is sell. See more of AUDCHF technicals for a more comprehensive analysis.