CHFAUD trade ideas
AUD/CHF Short Position (1H Prediction): Targeting 0.56816🔻 **AUD/CHF Short Position (1H Prediction): Targeting 0.56816** 📉
AUD/CHF is currently trading at **0.57117**, and we’re eyeing a short setup with targets between **0.57426** and **0.56816**. Key levels are being tested, giving us a prime opportunity to watch for a move lower.
🔍 **Trade Details:**
- **Current Price:** 0.57117
- **Targets:** 0.57426 - 0.56816
- **Key Levels:** 0.57429 (Resistance), 0.56738 (Support)
💡 **Trading Insight:** We’re looking for confirmation of a downtrend, especially if resistance at 0.57429 holds. This setup could play out soon, so keep a close eye on it!
👉 What’s your view on AUD/CHF’s short-term movement? Let us know your analysis!
#AUDCHF #ForexAnalysis #ShortPosition #PricePrediction #Pipnest
AUDCHF: CHF Devaluation Amid SNB Report: Short-Term Trend ShiftSwiss Franc Devaluation Amid SNB Report: Short-Term Trend Shift
Today, the Swiss National Bank (SNB) reported a decline in two of its main indicators, leading to a short-term devaluation of the Swiss Franc (CHF).
This movement also indicates a change in the short-term trend.
Swiss October CPI +0.6% vs +0.8% y/y expected
Swiss October retail sales 2.2% vs. 2.5% y/y expected
Technical Analysis:
AUDCHF has completed a bullish wedge pattern, positioning the price for a bullish wave.
The volume may increase today or in the coming days.
I expect AUDCHF to rise to the targets shown on the chart:
Targets: 🎯 0.5720 🎯 0.5755
You may find more details in the chart!
Thank you and Good Luck!
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AUDCHF Bullish Movement Resumes After RBA DecisionAUDCHF Bullish Movement Resumes After RBA Decision
In the previous analysis posted four days ago, AUDCHF completed a bullish wedge pattern, and the price reached our first target easily.
Following another deep correction, AUDCHF has resumed its bullish movement.
Today, the bullish wave was initiated by the Reserve Bank of Australia's (RBA) interest rate decision. The RBA decided to keep rates unchanged and did not indicate when they might begin to cut rates.
By maintaining higher interest rates, the RBA aims to support the economy by reducing inflation and strengthening the labor market.
The RBA explained that:
🔸 Underlying inflation remains too high.
🔸 Inflation is not expected to return sustainably to the midpoint of the target until 2026.
🔸 The labor market remains tight, and demand for labor is strong.
AUDCHF has reached the first target again and is expected to rise further in the coming weeks.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
AUD/CHF short term longIt is possible a good time for open long trade in 1 hour time frame now.
SlowStock is on over sell level and crossed. There are couple pins generated in the candles' pattern.
Idea take profit in the down trend channel top channel line area and previous low level.
Corporate with middle term short strategy.
Could the price reverse from here?AUD/CHF is reacting off the pivot which is an overlap resistance and could reverse to the 1st support which has been identified as a pullback support.
Pivot: 0.57356
1st Support: 0.56823
1st Resistance: 0.57624
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Wed 6th Nov 2024 AUD/CHF Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/CHF Buy. Enjoy the day all. Cheers. Jim
AUDCHF Continues to Rise Following RBA's Decision
AUDCHF remains in an uptrend after completing a rising wedge pattern identified in an analysis four days ago. Today, the Reserve Bank of Australia's (RBA) decision to hold interest rates steady has fueled further gains. RBA is maintaining high rates to control inflation and support the labor market, as core inflation remains elevated and is expected to return to target levels only by 2026. Australia’s labor market remains tight, with strong labor demand. AUDCHF has reached its initial target and is likely to continue rising in the coming weeks.
AUD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
It makes sense for us to go short on AUD/CHF right now from the resistance line above with the target of 0.567 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅
Bullish bounce?AUD/CHF is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as an overlap resistance.
Pivot: 0.56660
1st Support: 0.56097
1st Resistance: 0.57309
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop off overlap resistance?AUD/CHF has reacted off the resistance level which is an overlap resistance and could potentially drop from this level to our take profit.
Entry: 0.57279
Why we like it:
There is an overlap resistance level.
Stop loss: 0.57596
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Take profit: 0.56717
Why we like it:
There is a pullback support level.
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