AUDCHF long has been on the watchlist this as a strength and weakness pair. Strength coming from the AUD with a seasonal bias backing the strength up and weakness out of the CHF after recent declines against other currencies.
With this in mind, looking to take this pair long with a technical entry. As you can see price broke through and re-tested a key daily...
AUD/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...
Quick analysis of AUD and CHF against an equally weighted basket of major currencies to validate earlier posted AUDCHF opportunity.
For a rally of AUDCHF we ideally have a situation where AUD increases in value and CHF loses value at the same time.
Looking at both indexes in the chart we can safely say that currently and the coming 6 weeks or so we have exactly...
Hi Guys,
Looking at this chart and i found that there were a few things that supported my idea:
1. Support at 0.7245 and reversal has begun at the 4H TF
2. Previous support at 0.7146 was never achieved
3. RSI supports the upward trend
I would expect a retracement period at 0.7430 (0.38 Fib) so you can take some profit here
But my main target would be:
T/P at...
Buy opportunity seems to be coming up in AUDCHF
The channel support was broken but slightly but now prices are back into the channel so potential upward move within the channel is a possibility
We are wave C of Z in the daily correction channel
Within wave C, it seems like wave 3 of wave 1 of C is almost complete. I would wait for completion of wave 1 and then...
Hi Guys,
Looking at this chart and i found that there were a few things that supported my idea:
1. Support at 0.7245 and reversal has begun at the 4H TF
2. Previous support at 0.7146 was never achieved
3. RSI supports the upward trend
I would expect a retracement period at 0.7430 (0.38 Fib) so you can take some profit here
But my main target would be:
T/P at...
200 PIPS EXPECTED ON THIS PAIR FOR THE WEEK, ITS SHOWING DIVERGENCE ON A FUNNEL N A WEEKLY TL.. CONFLUENCE SIGNALING A BULLISH BREAKOUT COMING 500 PIP POTENTIAL
A bat and butterfly pattern has completed and reacted slightly last Friday.
Price has pulled back to PRZ, a good time to long again.
I will not be awake to when the market opens, traders who are awake can take note of this setup.
Price seems well supported at the 0.755 to 0.757 area.
R:R based on bat pattern at 1.2 (TP1) and 2.2 (TP2).
Good luck.
A bullish butterfly pattern seems to be completing.
Price almost hit all points of PRZ previously, I'm hoping to see the pattern complete.
Nice R:R at 2 (TP1) and 2.8 (TP2).
Good luck.
AUD/CHF has opened trade with a bullish gap up in the Asian session as markets open after holidays.
The pair is hovering around major trendline resistance at 0.7635, breakout to see further upside.
Technical studies support upside in the pair, price action has broken above daily cloud.
RSI shows strength above 50 levels and is gaining traction. Momentum studies...
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!
