Aud-chf
AUDCHF: Strong bounce inside this Megaphone.AUDCHF is bullish on its 1D technical outlook (RSI = 60.496, MACD = 0.002, ADX = 32.323) after a strong bounce and closing above the 1D MA500. The dominant Bullish Megaphone pattern made its previous HH on the 2.0 Fib extension and a new 1D MACD Bullish Cross has validated that it now sets course for the new HH. We target again the 2.0 Fib (TP = 0.61550) which is just under the R1 level.
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Could AUDCHF reverse from here?Price is rising towards a resistance level which is an overlap resistance level which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.58668
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement
Stop loss: 0.59335
Why we like it:
There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement
Take profit: 0.57816
Why we like it:
There is a pullback support level
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AUD/CHF short to 0.56(4/16/2024)Today after China's economic data, the Market is betting dovish on AUD.
We believe the price has made an ABC correction and it likely started the next downward impulse wave Confirmed by a broken trendline.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Achf to watch for shorting it...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Looking to short Achf, chf crosses looks like they are turning...watching.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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AUDCHF 1D Golden Cross signaling a decline. Best sell in market.The AUDCHF pair has just formed a Golden Cross on the 1D time-frame but even though it is theoretically a bullish structure, it hasn't historically behaved as such for this pair. We view its effect on the 1W time-frame in order to go as back in time as possible and get conclusions.
In the past 10 years (since the May 2014 1D Golden Cross, which was bullish) there have been 5 such formations, all of which made the pair peak either before or on the Cross and delivered a Lower Low, in some instances even with brutal sell-offs.
In the last 2 occurrences, the 1D Golden Cross started Channel Down declines that both hit at least the 1D MA200 (orange trend-line) again before any trend change. As a result, we comfortably turn bearish now on AUDCHF, targeting the 1D MA200 by August.
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AUD/CHF Possible Bearish Scenario
Today, the RBA meeting spoke neutrally about AUD. Without any possible Hawkish scenarios, AUD is not bullish nor bearish either.
But since USD is wiping every minor currency in the market, AUD has been affected too.
Currently, We are bearish on AUD/CHF.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Audchf somemore upside?Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
pullback could be in place but likely to look more to the upside and taking longs on pullbacks
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
AUDCHF Potential UpsidesHey Traders, in the coming week we are monitoring AUDCHF for a buying opportunity around 0.57800 zone, AUDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.57800 support and resistance area.
We would also like to consider the current easing inflation in Switzerland which could trigger some CHF weakness in the medium term.
Trade safe, Joe.
Swiss Inflation Trends Impacting AUDCHF: A Closer LookIn the upcoming trading week, we're keeping a close eye on AUDCHF for a potential buying opportunity near the 0.57450 zone. AUDCHF is currently undergoing a corrective phase within its uptrend, approaching the critical support and resistance area. Adding a fundamental layer to our analysis, it's noteworthy that inflationary pressures in Switzerland are showing signs of easing. This shift in inflation dynamics could influence trading sentiments and provide insights into potential currency movements.
Stay vigilant and trade safe,
Joe.
AUDCHF - Wait For The Bears 🐻Hello TradingView Family / Fellow Traders,
On Daily: Left Chart
AUDCHF is retesting a strong resistance zone so we will be looking for sell setups on lower timeframes.
On H1: Right Chart
📈 For the bears to take over, we need a momentum candle close below the last major lower in gray.
📉 Meanwhile , AUDCHF would be bullish, and can still trade higher inside the resistance or even break it higher.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
AUDCHF: Trend-Following Opportunity 🇦🇺🇨🇭
AUDCHF is trading in a bearish trend.
After a strong selling wave, the pair was consolidating for 2 weeks
within a narrow range on a daily.
Yesterday, the support of the range was broken.
We see its retest now.
I expect a bearish movement lower.
At least to 0.5636 level.
❤️Please, support my work with like, thank you!❤️
AUDCHF Triangle waiting for the break-out.The AUDCHF pair is trading within a Triangle pattern since August with the 1D MA200 (orange trend-line) acting as the Resistance, having consecutive near rejections in December. If that breaks, we expect an aggressive bullish run towards Resistance 2, despite the presence of Resistance (0.952625). In that case, we will buy the break-out and target 0.61500 (just below Resistance 2).
If however the Triangle breaks downwards first, we will wait until the price breaks below Support 1 (0.560685) and target 0.54000 (-9.09% from the recent high, which was a standard decline in 2023). This scenario is quite likely to take place as the 1D RSI has been trading within a Channel Down, showcasing a Bearish Divergence.
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AUDCHF triangle pattern breakoutPAIR: AUDCHF
On both the 1H and 4H timeframe, we can notice continuous bounces off the 0.57275 level
Price then climbed sharply and has been consolidating in a triangle pattern. This could be a signal for continued upside movement in the near future.
This trade setup will be invalid when price breaks under 0.57880
aud/chf 1DTwo trading areas, in my opinion, the price will bounce from them. I added a horizontal line to stop loss. As for the profit, it depends on the method of taking some of the profit and completing with the rest, and so on.
The analysis depends on the gaps between the tails of the candles from which the price bounced at least once.
warning . I do not know the unseen. This analysis may be correct or it may be wrong. Please be wise
AUDCHF Potential Upsides SNB DynamicsAs we gear up for tomorrow's trading session, our primary focus is on AUDCHF, with an aim to identify a potential buying opportunity around the 0.58100 zone. The recent transition of AUDCHF from a downtrend to a breakout phase signals an enticing prospect for bullish positions. Simultaneously, a nuanced analysis of the Swiss Franc (CHF), considering recent policy decisions by the Swiss National Bank (SNB) and broader economic indicators, suggests an environment conducive to potential CHF weakness. This additional layer adds further allure to a buying opportunity in AUDCHF.
In tandem with the SNB analysis, AUDCHF is currently navigating a correction phase, approaching the retrace area at the crucial 0.58100 support zone. This numerical level holds significance not only as a key point on the price chart but also as a potential turning point in the ongoing correction. Our strategic approach involves closely monitoring the interplay between the recent breakout, the prevailing correction, and the pivotal 0.58100 support zone. By incorporating both technical and fundamental analyses, we aim to pinpoint strategic entry points for a potential buying opportunity, considering the evolving market dynamics in tomorrow's session.
AUDCHF - Trading The Channel 🌙Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 AUDCHF has been overall bearish trading inside the falling channel in red, and it is currently approaching around the upper bound / trendline.
Moreover, the zone 0.59 is a strong resistance.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline acting as a non-horizontal resistance.
📚 As per my trading style:
As AUDCHF approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDCHF Potential UpsidesHey Traders, in today's trading session we are monitoring AUDCHF for a buying opportunity around 0.57600 zone, AUDCHF was trading in a downtrend and currently seems to be attempting to break it out. If we get further rallies above the resistance we will be watching a potential retrace of the trend towards more highs.
Trade safe, Joe.
AUDCHF Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring AUDCHF for a buying opportunity around 0.57800 zone, AUDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.57800 support and resistance area.
Trade safe, Joe.