Buy Continuation to .748Buying this pair in continuation of the trend up to next level of resistance .748
Aud-chf
AUD/CHF spikes past 100-DMA, eyes 200-DMA, stay longAUD/CHF spikes past 100-DMA, hits 3-month highs at 0.7511 before paring some gains to currently trade at 0.75 levels.
Aussie buoyed on Friday after the Reserve Bank of Australai's (RBA) Financial Stability Report (FSR).
RBA's FSR stated that the risks from high-household debt and aggressive bank lending practices have slightly abated of late.
The pair is trading 0.65% higher on the day, scope for further upside.
Technical support gains. RSI shows strong upside momentum at 64 levels and Stochs are biased higher.
Next bull target aligns at 200-DMA at 0.7541. Break out at 200-DMA could propel the pair higher.
We see weakness only on close below 21-EMA at 0.7388.
Support levels - 0.7485 (50% Fib), 0.7466 (100-DMA), 0.7434 (5-DMA)
Resistance levels - 0.7541 (200-DMA), 0.76, 0.7680 (major trendline)
Good to go long around 0.7480/90, SL: 07430, TP: 0.7540/ 0.76/ 0.7680
Breakout to the DownsideWe see a breakout to the downside on this pair as price broke out below the trend
Risk Reward 2.07
Priced crossed back below the 50ma on the daily chart, and the ADX is declining indicating little trend movement, which is a good confluence for consolidation patterns and that is what we're seeing in this pair
AUD/CHF long setupAUD/CHF struggles to break above stiff resistance at 4H 200-SMA at 0.7348.
Technical studies are bullish and breakout at 4H 200-SMA could see further upside.
The Reserve Bank of Australia kept rates unchanged at record low of 1.5 percent. The statement was in line with what was expected.
AUD/CHF up 0.36% on the day, trading at 0.7341 at the time of writing.
Technical indicators have turned bullish. RSI has edged above 50 levels and Stochs are biased higher.
Further, bullish divergence on RSI and Stochs keeps scope for upside in the pair.
On the downside, break below major support at 0.7260 will see further weakness. Scope then for test of 0.7148 levels.
Support levels - 0.7317 (5-DMA), 0.7266 (Feb 9th low), 0.7260 (trendline), 0.7242 (March 2 low)
Resistance levels - 0.7348 (4H 200-SMA), 0.7361 (20-DMA), 0.74
Watch out for break above 4H 200-SMA to go long, SL: 0.7315, TP: 0.7375/ 0.74.
AUDCHFThe mother bar broke yeterday with bullish momentum. Now waiting to reach to the next resistance zone and see the market reaction to that level.
AUD/CHF sellAud is weak, chf is strong right now. Put that together along with a 4 hr consolidation breakout, expect more downside.
AUD/CHF short setupAUD/CHF slips lower below 5-DMA support at 0.7442, currently trades at 0.7425, intraday bias lower.
SNB maintains status quo, leaves deposit rate unchanged at -0.75%, failed to provide any fresh impetus.
Renewed concerns over a global trade war lending some support the Swiss Franc's safe-haven appeal.
Technical studies are turning slightly bearish. Stochs are on the verge of a rollover from overbought levels.
Upside remains capped below 50-DMA and daily cloud also weighs on the upside.
We evidence bearish divergence from price action on RSI and Stochs which adds to bearish bias.
Price has slipped below hourly cloud and is on track to test 200-SMA at 0.7395. Violation there could see further weakness.
Support levels - 0.7395 (1H 200-SMA), 0.7364 (20-DMA), 0.7334 (61.8% Fib retrace of 0.7242 to 0.7483 rally)
Resistance levels - 0.7442 (1H 55-EMA & 5-DMA), 0.7467 (50-DMA), 0.75
Good to go short on rallies around 0.7425/35, SL: 0.7470, TP: 0.7395/ 0.7365/ 0.7335
AUDCHF LongRiding the bullish sentiment on AUD in COT report along with its rally last week after some good news regarding its better than expected trade balance as well as China's CPI, and Australia getting exempted too from steel tariffs imposed by Trump (like Canada and Mexico). Must monitor CHF and EUR closely though because any signs of rally soon might make this pair ranging instead and there's risk of getting whipsawed instead. Setting up buy stop order @0.75 with TP near weekly resistance @0.775 and SL somewhere between base and R1 pivot lines @0.74
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Daily:
Weekly:
Confidence: B (because of geopolitical risk concerning EUR that can affect CHF)
AUD/CHF 1H Chart: Guided by bullish channelFollowing a month of consolidation, the Australian Dollar managed to gather enough momentum to break out of this range northwards. As a result, AUD/CHF formed an ascending channel, and it is gradually approaching the senior pattern located in the 0.7580/0.7600 area. It is expected that upside risks continue to prevail in the market during the following two weeks until the senior channel, reinforced by the monthly R2, is reached.
As apparent in the chart, the rate has struggled to move above the 50.0% Fibo retracement located at 0.7486 this week. Thus, the Aussie might go for a short-term correction south within the following trading sessions. A possible downside target is the upper boundary of the breached channel, the 200-hour SMA and the monthly PP circa 0.7360.
AUD/CHF long setupAUD/CHF is extending break above 21-EMA, edges higher for 5th straight session.
The pair closed above 0.74 handle on Thursday's trade and has hit 4-week highs at 0.7423.
Technical studies are bullish. Stocsh and RSI are biased higher. 5-DMA on verge of bullish crossover on 20-DMA
Bullish divergence seen on Stochs on daily charts keeps scope for further upside.
Price now eyes 55-EMA at 0.7444. Break above could see test of 110-EMA at 0.7496.
On the flipside, 21-EMA at 0.7371 is strong support. Break below invalidates bullish bias.
Support levels - 0.7373 (5-DMA), 0.7371 (21-EMA), 0.7265 (trendline)
Resistance levels - 0.7444 (55-EMA), 0.7482 (50-DMA), 0.7496 (55-EMA)
Good to go long around 0.74/ 0.7410 levels, SL: 0.7360, TP: 0.7445/ 0.7485/ 0.75
Long AUD/NZD by AB=CD, long AUD/CHF by bat
hello all, i found to harmonic pattern about AUD.
AB=CD pattern in AUD/NZD
c is 50% retracement of AB (1.10614) also the PRZ do have strong support, you can see there is RSI divergence there
AUD/CHF bat pattern. Here B is near 50% retracement of XA (0.74601) also D is near 88.6% of XA and 1.618 times of BC (0.72414). Also a RSI divergence
trade with patient and confidence
AUDCHF weekly update:Total profit 3572 pips in 27 daysNew trading suggestion:
There is possibility of temporary retracement to suggested resistance line (0.746), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Total Profit: 3572 pip
Closed trade(s): 1070 pip Profit
Open trade(s): 2502 pip Profit
Trade Setup:
We opened 11 SELL trade(s) @ 0.7658 (day close price) based on 'Peak' at 2018.01.23 signaled by our "Daily Trading Opportunity".
Closed Profit:
TP1 @ 0.7610 touched at 2018.01.24 with 48 pip Profit.
TP2 @ 0.7545 touched at 2018.01.25 with 113 pip Profit.
TP3 @ 0.7460 touched at 2018.02.01 with 198 pip Profit.
TP4 @ 0.7330 touched at 2018.02.05 with 328 pip Profit.
TP5 @ 0.7275 touched at 2018.02.08 with 383 pip Profit.
48 + 113 + 198 + 328 + 383 = 1070 pip
Open Profit:
Profit for one trade is 0.7658(open price) - 0.7241(current price) = 417 pip
6 trade(s) still open, therefore total profit for open trade(s) is 417 x 6 = 2502 pip
AUD/CHF 1H Chart: Aussie narrows trading rangeFollowing a test of an eight-month low of 0.7268 on February 8, the Aussie entered a three-week period of consolidation against the Swiss Franc. As a result, a symmetrical triangle was formed.
As apparent on the chart, the last two waves touched neatly both boundaries of this pattern; thus, it is likely that the pair still uses the opportunity to re-test its upper line and the 23.60% Fibo retracement at 0.7370 in the following two sessions. This scenario is possible, because the nearest support formed by the 200– and 100-hour SMAs and the weekly PP circa 0.7340 should force the pair slightly higher.
Technical indicators are generally bearish, suggesting that the Aussie could continue trading within the bounds of the wedge. A possible downside target for the following trading sessions is the weekly S1 or the aforementioned eight-week low at 0.7290 and 0.7268, respectively.
AUD/CHF short trade ideaUpside for now remains capped at 0.74 handle and we see breakout there to see further gains.
On the flipside, the pair is trading below all major moving EMAs.
Break below 0.73 handle will see resumption of weakness.
We then see scope then for test of 0.7220 (88.6% Fib).
Support levels - 0.73 (psychological level), 0.7285 (78.6% Fib retrace of 0.7146 to 0.78 rally), 0.7220 (88.6% Fib)
Resistance levels - 0.7384 (5-DMA), 0.74 (psychological level), 0.7480 (1H 200-SMA)
Good to go short around 0.7370, SL: 0.7425, TP: 0.73/ 0.7285/ 0.7220
AUDCHF In Huge Demand Zone for newsNews can obviously go either way but the Aussie looks Bullish across most pairs. As always we wait for news to commence and buy/sell the first retracement.
AUD/CHF 1H Chart: Aussie consolidates after surgeThe Australian Dollar has been trading in a channel up against the Swiss Franc since mid-November. After testing its upper boundary on January 11, the pair entered a period of consolidation prior to depreciating significantly during the previous week. The Aussie, however, did fall short of its bottom line when a rebound from the 0.7540 mark occurred last week.
Its positioning has not since changed significantly, as the combined resistance of the 55-hour SMA and the monthly and weekly PPs are restricting any advance above 0.76. This latest period of consolidation might indicate a soon breakout north. However, given the strength of the nearest resistance, upward momentum is likely to be limited today circa 0.76.
A possible target for this week could be the 0.77 level where the weekly R1 and the upper boundary of a medium-term channel are located.
AUD/CHF 1H Chart: Pair likely to test senior 0.7750The Australian Dollar has appreciated substantially against the Swiss Franc since late November. This upward movement has been constrained in a channel up.
During the past week, the Aussie has failed to reach its upper boundary, thus pointing to a possible breakout south. A subsequent surge, however, might occur only within the following two weeks, given that the upper boundary of a senior channel circa near 0.7750 has not yet been reached.
Technical indicators suggest that the Aussie is likely to realise this upward potential during the following trading sessions. Some weakness might be apparent today; however, the combined support of the 55– and 100-hour SMAs located near the 0.7680 mark is expected to stop any further down-fall.
The nearest notable resistance is the monthly R1 and the weekly R2 at 0.7725.
Power increasingThe cross is increasing the power used to rise to higher prices
A very high long term market pressure (+11.0) confirm the direction of the trend
This analysis is based on market pressure value, you can find the daily market pressure for every fx crosses on my twitter profile twitter.com
