Use this as a guide to develop your personal view of the chart:
Main items we can see on the daily chart:
a) Currently, the price is on a Flag Pattern formation (continuation structure)
b) Before the Flag Pattern, the price broke the ascending trendline (Bullish Weakness)
c)We can see a clear Support/Resistance zone on the chart where the price was rejected
d)Our forecast for AUDCHF is that: IF price breaks below the Flag Pattern we will consider that a new bearish movement has started
e)Our Target will be the next support zone (Daily Target)
Main items we can see on the daily chart:
a) Currently, the price is on a Flag Pattern formation (continuation structure)
b) Before the Flag Pattern, the price broke the ascending trendline (Bullish Weakness)
c)We can see a clear Support/Resistance zone on the chart where the price was rejected
d)Our forecast for AUDCHF is that: IF price breaks below the Flag Pattern we will consider that a new bearish movement has started
e)Our Target will be the next support zone (Daily Target)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.