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ForecastCity
Nov 5, 2020 2:07 PM

💡 Two buy opportunity in AUDCHF, Mid-Term & Short-Term Long

FX:AUDCHF1D
Australian Dollar/Swiss FrancFXCM

Description

⋅
Mid-Term Forecast

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.6428).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. AUDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.

Take Profits:
TP1= @ 0.6595
TP2= @ 0.6715
TP3= @ 0.6815
TP4= @ 0.6881
TP5= @ 0.7020

SL= Break below S2

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Short-Term Forecast

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.6493).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. AUDCHF is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.

Take Profits:
TP1= @ 0.6585
TP2= @ 0.6623
TP3= @ 0.6677
TP4= @ 0.6740
TP5= @ 0.6818

SL= Break below S2

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Trade well, ❤️
ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsaudchfAUDCHF
Comments
Pro_Trader_007
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Nice chart, tnx for sharing 👌
ForecastCity
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@Pro_Trader_007, Thanks for your kind comment. 💎🙏💎
Mehmetozdemi
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You help us a lot by publishing short-term and mid-term charts at the same time. Hope to see more.
ForecastCity
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@Mehmetozdemi, Thanks for your feedback. We hope you get the most out of these forecasts.
Kristalyn
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Thank you for sharing such a fantastic buy opportunity. 😊
ForecastCity
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@Kristalyn, You're welcome! 👍

We're glad you liked it. 💎🙏💎
Josef_anderson
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It's an excellent chart and TA.
ForecastCity
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@Josef_anderson, Thanks for your feedback.

We hope you get the most out of it.
Kamryn
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You cover both directions in your idea. It's such a vise. 👌
ForecastCity
⋅
@Kamryn, Thanks.

We're glad you liked it. 💎🙏💎
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