AUD/CHF Bias Bearish - Price has breached major trendline support at 0.70 - Momentum studies are highly bearish - Bollinger Bands on weekly charts are widening - MACD supports trend lower Support levels - 0.6805 (78.6% Fib), 0.6752 (Feb 2016 low), 0.67 Resistance levels - 0.6964 (5-DMA), 0.70, 0.7108 (21-EMA) Stay short on upticks, SL: 0.7108, TP: 0.68/ 0.6755
i took this one after the vformation.and test die. ttf
Break from support, test of new resistance, further downside anticipated.
AUDCHF about to retest resistance with pullback RSI overbought Looking bearish Love to hear your thoughts and ideas. This is for my personal research
AUD/CHF extends grind lower along 5-DMA, hits 2-year lows at 0.7130. Technical analysis supports bearish bias, we see scope for further weakness. Upside remains capped at 5-DMA and major moving averages are sloping downward. Momentum studies are highly bearish, RSI biased lower and below 50 levels. Price is falling in a downward sloping channel and next major bear...
AUDCHF is approaching our first support at 0.7149 (horizontal swing low support, 50%, 61.8%, Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7288 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension) Stochastic (89,5,3) is...
AUDCHF is approaching our first resistance at 0.7278 (horizontal pullback resistance, 50%, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7152 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish bias...
EURUSD approaching resistance, potential drop!
AUDCHF is approaching our first resistance at 0.7278 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7152 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish bias in...
AUDCHF is approaching our first resistance at 0.7266 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7176 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias....
AUDCHF is approaching our first resistance at 0.7266 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7176 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias....
Pattern confirmed tp1: 0.7259 tp2: 0.7314 sl: 0.7143
Price below the cloud - Bear market Bearish tenkan kijun cross below the cloud Future cloud - Bearish Trendlines after CLOSE Targets after Fib extensions Tail of Bear sash pattern and kumo clouds act as resistance.
Price is approaching our first support at 0.7316 (Horizontal swing low support, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7392 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension). Stochastic (55,5,3) is also...
Price is approaching our first support at 0.7316 (horizontal swing low support, 61.8% fibonacci extension, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7396 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,5,3) is also...
There was Evening Star and Bearish Harami on AUDCHF daily. I expect it to drop all the way down to 724.57. Fine bearish Ichimoku setup on daily. I just tuned up to hourly for intraday entries.
AUD/CHF extends weakness after upside was rejected at daily cloud. We evidence a 'Shooting Star' pattern formed on the daily charts which supports further weakness in the pair. Price action has retraced below 21-EMA and 5-DMA, eyes major trendline support (Triangle Base) at 0.7280. Breach at 'Triangle Base' raises scope then for test of 0.7242 (2018 lows). Bearish...