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Audchfforecast

AUD/CHF Bullish Push? - Ichimoku Long Trade SetupThis pair consolidated for a couple weeks before finally getting a big push up. I am now looking to see if we can establish a longer term bullish trend as I look for chances to get long. My ideal entry is a drawback to tenkan sen and price structure support for a chance to buy. I've drawn out a couple of targets on the way to the major price structure target I've labeled on  the chart. If we fail to hold support or if our bullish confirmations change, this setup may become invalidated.
Long
by The808Trader
AUDCHF Fundamental Analysis – September 19th 2019Here are the key factors to keep in mind today for Australian Dollar trades: Australian Employment Report: The Australian Employment Change for August was reported at 34.7K. Economists predicted a figure of 15.0K. Forex traders can compare this to the Australian Employment Change for July which was reported at 36.4K. The Unemployment Rate for August was reported at 5.3%. Economists predicted a reading of 5.2%. Forex traders can compare this to the Unemployment Rate for July which was reported at 5.2%. 15.5K Full-Time Positions were lost and 50.2K Part-Time Positions were created in August. Forex traders can compare this to the creation of 32.0K Full-Time Positions and 4.4K Part-Time Positions which were reported in July. The Labor Force Participation Rate for August was reported at 66.2%. Economists predicted a reading of 66.0%. Forex traders can compare this to the Labor Force Participation Rate for July which was reported at 66.1%. RBA FX Transactions: RBA FX Transactions for August were reported at A$608M. Forex traders can compare this to RBA FX Transactions for July which were reported at A$837M. RBA FX Government Transactions for August were reported at -A$750M and RBA FX Other Transactions were reported at A$531M. Forex traders can compare this to RBA FX Government Transactions for July which were reported at -A$961 and to RBA FX Other Transactions which were reported at -A$4,377M. Here are the key factors to keep in mind today for Swiss Franc trades: Swiss Trade Balance: The Swiss Trade Balance for August was reported at CHF1.588B. Economists predicted a figure of CHF3.220B. Forex traders can compare this to the Swiss Trade Balance for July which was reported at CHF3.686B. Exports for August decreased by 4.4% monthly and Imports increased by 1.0% monthly. Forex traders can compare this to Exports for July which decreased by 1.2% monthly and to Imports which decreased by 0.5% monthly. Swiss Watch Exports for August increased by 4.7% annualized. Forex traders can compare this to Swiss Watch Exports for July which increased by 4.3% annualized. Swiss National Bank Sight Deposit Interest Rate: The Swiss National Bank Sight Deposit Interest Rate is predicted at -0.75%. Forex traders can compare this to the previous Swiss National Bank Sight Deposit Interest Rate which was reported at -0.75%. The SNB 3-Month Libor Lower Target Range is predicted at -1.25% and the SNB 3-Month Libor Upper Target Range is predicted at -0.25%. Forex traders can compare this to the previous NB 3-Month Libor Lower Target Range of -1.25% and to the SNB 3-Month Libor Upper Target Range of -0.25%. Should price action for the AUDCHF remain inside the or breakdown below the 0.6730 to 0.6810 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 0.6755 Take Profit Zone: 0.6500 – 0.6575 Stop Loss Level: 0.6845 Should price action for the AUDCHF breakout above 0.6810 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 0.6845 Take Profit Zone: 0.6955 – 0.7000 Stop Loss Level: 0.6800
by PaxForex