Expecting a double bottom, and then a long bullish move. CHF Index is about to drop as well and AUD index becoming stronger, so that's another confirmation for the move.
AUDCHF has been travelling in a descending channel marked out in black. Price recently hit the top of the channel and has started making its way down, on its way it has formed another descending channel marked out in blue. Right now price is at a major support level, It has previously been tested in the past very strongly. If price breaks above the descending...
AUDCHF price has bounced from the major support zone highlighted by the pink rectangle. It has also been travelling in a descending channel. We believe price will now make its way up to the zone shown above (0.70500), price has made a Higher High on the 4H chart, it will now move up, break above the descending channel , come back down to retest the channel like...
AUDCHF has been travelling in a triangle, and we have just experienced a rally downwards all the way to the bottom of the triangle, Price right now is at a major level as it is also near a major area of support marked out with a pink rectangle. Price right now could either break below the support area and out of the triangle to the downside or it could bounce...
watch out for signs for change on the bear run. thou signs are that it will move down a bit but soon we should get a good move up. Please share your thoughts and views on my analysis and don't forget to like it and share with others.
AUDCHF is approaching our first resistance where we might see a corresponding drop in price. Stochastic is also approaching resistance and ichimoku cloud is also showing signs of bearish pressure.
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AUDCHF is approaching our first support (horizontal swing low support, 100% Fibonacci extension) where strong bounce to our major resistance (horizontal overlap resistance, 50% Fibonacci retracement) might occur. Stochastic is approaching support as well. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you...
AUDCHF has been travelling in a triangle marked out in blue, it was travelling in a descending channel on its way down, it hit the bottom annd has now roken out of the channel and come back down to retest the channel. Our Long Target is the next resistance zone...
Price has been travelling inside a triangle and also inside a descending channel. This week the market opened with a large gap to the bottom of the channel and now it has started making its way up to the top of the channel. As shown above we expect price to test the channel again downwards...
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
The price action of AUDCHF recently has been quite simple, it has been travelling in a triangle, price most recently broke out of a descending trend line to the upside and while doing so formed an ascending channel. Price followed in the channel all the way up to the top of the triangle where we experienced a small breakout to the upside. This was quickly turned...
Fellow traders, Nice and easy setup this. We have seen a recent downtrend on this pair and a nice pullback to resistance level with a bearish engulfing candle which suggest trend continuation. I have therefore gone short on this one and anticipating it to make at least a double bottom. I've marked the tp and sl for you as well. Trade safe and good luck.
Hi traders, this AUDCHF chart analysis is a trade ideas for two trades and a educational example how to analyse this chart and how to trade it. It hope it makes sence for you guys. Have a good trading week. Your Stefan Forex