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FXCM
Apr 19, 2021 8:00 AM

AUDCHF facing bearish pressure | 19th Apr 2021 Short

Australian Dollar/Swiss FrancFXCM

Description

Prices are facing bearish pressure from horizontal swing high resistance which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards 1st support which coincides with horizontal swing low support which is in line with 50% Fibonacci retracement. If prices push up further, prices might face resistance from swing high resistance which is in line with 50% Fibonacci extension and 161.8% Fibonacci retracement. Stochastics is facing resistance from 92.64, the potential for a bounce.
Comments
tichadvyxfp1254
Awesome!
thismedykk125
Excellent! Thanks!
leteydbiio1212
Nice call!!!
theyteifq121
you are indeed a skilled analysis, thanks mate
mcleecheleul14
Do you focus purely on TA or do you also consider FA, FXCM?
shecerfx1121
good stuff mate
mctheseekyay23424
Much appreciate!
seseighsbypu2112
Thanks!
seeseeugj127
Thx for the analysis
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