✅AUD_CHF will soon retest a key resistance level of 0.5994
So I think that the pair will make a pullback
And go down to retest the demand level below at 0.5950
SHORT🔥
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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...
Hello,Friends!
It makes sense for us to go short on AUD/CHF right now from the resistance line above with the target of 0.578 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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Please, check our technical outlook for AUDCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.597.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
A glimpse of the AUDCHF in the first half of 2024
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AUD/CHF has made a significant move, smashing through a crucial daily horizontal resistance level. What's intriguing is how this broken barrier has now transformed into a sturdy support zone. This shift in dynamics suggests a potential green light for further upward momentum in the market.
Picture it like this: the bulls have bulldozed through a major obstacle,...
"Exciting Update: Our AUD/CHF Analysis Nails It!
Team, I'm thrilled to announce that our AUD/CHF analysis has hit its target spot-on! 🎯✨ The market responded just as we predicted, bringing us closer to achieving our goals.
This success is a testament to our meticulous analysis and strategic approach. It's moments like these that highlight the power of our...
Price made a pulse to the upside with 3 consecutive candles and made return from Fib (0.318)
Fib (0) is broken, after candle close, I will be looking at a retest on Fib(0) for entry
AUDCHF broke and closed above a key daily horizontal resistance.
The broken structure turned into support now.
The market may keep growing.
Next resistance - 0.5909
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Hello,Traders!
AUD-CHF is going up now
But the pair will soon hit
A broken support line
Which is a resistance now
And after that I will be expecting
A local move down
Sell!
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Please, check our technical outlook for AUDCHF.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.584.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
✅AUD_CHF broke the rising
Support then went up to
Retest it so I think that
We will be seeing a
Local bearish move down
SHORT🔥
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Overview:
The AUD/CHF currency pair is currently encountering a significant resistance area, coinciding with the formation of an XABCD harmonic pattern. This convergence suggests a potential bearish movement in the near future.
Entry Point:
Consider initiating a short position near the level of 0.59700. This entry point aligns with the technical resistance and...
Hello traders!
‼️ This is my perspective on AUDCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from FIBO 0.618 level + institutional big figure 0.59000.
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** AUDCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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The AUD/CHF currency pair has recently exhibited notable price action, presenting an opportunity for technical analysis. Employing harmonic pattern recognition and key support levels, this report aims to outline potential bullish movements and associated trade parameters.
Harmonic Pattern Formation:
A Harmonic Pattern (XABCD) has emerged within the AUD/CHF pair,...
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.
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Thanks For Reading
Team...
AUD-CHF was trading along
The rising support line but
Now we are seeing a
Bearish breakout and the
Breakout is confirmed so
I think that we will see
A further move down !
