AUDCHF have big possibility to goes down for long tram
AUDCHF has retraced well enough now. Also Stoch RSI is in overbought. i am expecting this drop down See previous analysis SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
AUDCHF has retraced to Fibonacci retracement level of 0.236. Also Stoch RSI has made a timely reversal. See previous analysis PLEASE LIKE, COMMENTS AND FOLLOW FOR MORE
i am looking for an impulse move up to around 0.71353 or just below. i would enter the trade down for the sell like, follow and comment :)
Midterm forecast: 0.7145 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 0.7145 is broken. Technical analysis: The RSI bounced from the support #1 at 25 and it prevented price from more losses. While the RSI downtrend #2 is not broken, bearish wave in price would...
audchf sell setup with bearish trend and formed pin bar in d1 next target 0,68050
Pattern confirmed tp1: 0.7259 tp2: 0.7314 sl: 0.7143
Short-term Trading Idea For today - AUDCHF is approaching support where we expect a bounce above this level
FX:AUDCHF was taking a beating for last 20 trading days. Now the bears are done with it. Bulls are overtaking Bears and it is visible with bullish price action of the AUDCHF. The RSI crossover on the MA is good signal to suggest we are entering a Bull run. E : Below 0.7350 SL : 0.7280 TP : 0.7450
This pair has been range bound since April and has been in and out of the range area bouncing off a rising trend line since 2015. RSI is now declining after rejecting the high of the channel for the fourth time and I'm setting a buy order @0.74 with a trailing stop below previous support and the trend line down @0.73 so reduce your leverage to ensure it's within...
I think the C wave will be finished in the couple of next weeks and the BIG upside move will start. In weekly view you can see that a flat corrective structure is forming. If you have different view please let me know in comment section. Please trade with care.
News 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 seems to be in a bullish continuation pattern. If the current support holds we can expect it to go further higher up about 100 pips. The more you wait for the confirmation before entering, the less unprofitable positions you will get into. Happy trading!
AUD/CHF seems to not have any more support to go any higher and a breakout of it's current support would bring the currency pair down about 200 pips and more. This is a good short long term opportunity with a risk:reward of 1:2. Always invest after your own analysis and always risk manage properly. Happy trading!