Hello,Friends!
Previous week’s green candle means that for us the AUD/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.599.
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Balance of buyers and sellers on the AUDCHF pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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AUD/CHF is currently at a resistance level which is an overlap resistance and could potentially drop to our take profit.
Entry: 0.59992
Why we like it:
There is an overlap resistance level
Stop loss: 0.60204
Why we like it:
There is a pullback resistance level which aligns with the 161.8% Fibonacci extension.
Take profit: 0.59617
Why we like it:
There is a...
Time Frame analys8s is 15 minutes
As per trend of current time frame, AUDCHF is in bearish trend, after a little pullback its good time for entry in trade.
COMMENT YOUR THOUGHTS
Take a look at our analysis for AUDCHF.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.586.
Considering the today's price action, probabilities will be high to see a movement to 0.591.
P.S
We determine oversold/overbought condition with RSI indicator.
When...
Take a look at our analysis for AUDCHF.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.599.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.602 level.
P.S
Overbought describes a...
Hello,Traders!
AUD-CHF is trading in an
Uptrend and the pair is
Now trying to break the
Key horizontal level of 0.5990
So If the breakout is confirmed
Then we will be expecting
A further move up
Buy!
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Check out other forecasts below too!
AUDCHF has once again retested the significant resistance level identified within the hourly timeframe. This suggests a potential reversal, indicating that the price continues to regard the highlighted zone as a major selling area. Additionally, a triangle pattern has formed, but it's essential to await confirmation of a breakout before taking a position. Patience...
Take a look at our analysis for AUDCHF.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.597.
Considering the today's price action, probabilities will be high to see a movement to 0.595.
P.S
Please, note that an oversold/overbought condition can last for a...
Please, check our technical outlook for AUDCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.597.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
✅AUD_CHF is retesting a key resistance level of 0.6000
So I think that the pair will make a pullback
And go down to retest the demand level below at 0.5966
SHORT🔥
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Analyzing the AUDCHF pair on the 3-hour chart through Elliott Wave theory, we see a compelling opportunity for a short position. The price action has completed what appears to be an impulse sequence up to wave (5), followed by the start of a corrective ABC pattern.
Currently, the price is consolidating around a significant resistance level marked by the peak of...
Hello,Friends!
AUD/CHF is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand...
Hello,Friends!
We are going short on the AUD/CHF with the target of 0.588 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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A #short trade opportunity recently presented itself on the #aussieswissy (#AUDCHF) #trading chart 📉.
This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 0.59973 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell).
Sufficient downward momentum...
Hello,Traders!
AUD-CHF is going up
To retest the horizontal
Resistance of 0.5990
And after the retest
We will be expecting
A local move down
Sell!
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A glimpse of the AUDCHF in the first half of 2024
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According to my risk and capital management system, the risk of each trade is one percent per position.
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