The AUD/CHF currency pair has recently exhibited notable price action, presenting an opportunity for technical analysis. Employing harmonic pattern recognition and key support levels, this report aims to outline potential bullish movements and associated trade parameters. Harmonic Pattern Formation: A Harmonic Pattern (XABCD) has emerged within the AUD/CHF pair,...
The AUDCHF pair has just formed a Golden Cross on the 1D time-frame but even though it is theoretically a bullish structure, it hasn't historically behaved as such for this pair. We view its effect on the 1W time-frame in order to go as back in time as possible and get conclusions. In the past 10 years (since the May 2014 1D Golden Cross, which was bullish) there...
AUD-CHF is already making A bullish rebound from The horizontal support Of 0.562654 and I think that The pair will go even higher !
The AUDCHF pair is trading within a Triangle pattern since August with the 1D MA200 (orange trend-line) acting as the Resistance, having consecutive near rejections in December. If that breaks, we expect an aggressive bullish run towards Resistance 2, despite the presence of Resistance (0.952625). In that case, we will buy the break-out and target 0.61500 (just...
The AUDCHF pair has been trading within a Channel Down since February's High and currently sits just below its top (Lower Highs trend-line). Having formed a 1D MA50/ 100 Bullish Cross and tests the Lower Highs for the 3rd time in 2 months, it is highly likely to finally break the bearish trend upwards. We will only buy though above the 1D MA200 (orange trend-line)...
Hello Guy, It's another trading week and I want to share my view on AUDCHF with you. Legggoooo!!! If you take a look at the monthly timeframe, you will notice that price just reacted from a monthly orderblock. If you drop down to the weekly timeframe, you will notice that price had created a bearish CHOCH and has retraced to the weekly supply OB from which we...
Well, you can see important supply zone ond bearish order block on the chart. In these zones we can search for a low time frame confirmation. Please pay attention to the details. 💡Wait for the update! 🗓18/10/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
The AUDCHF pair has hit the 0.58200 target (0.382 Fibonacci level) we set on our last buy call (see idea below) and is resting today at the top (Lower Highs trend-line) of the Channel Down pattern since the January 27 2023 High: The price price is now on the 1D MA100 (green trend-line) and just below the 0.5 Fibonacci level. There is also a chance that the...
The AUDCHF pair has been trading within a Channel Down pattern since the January 27 2023 High. The price is currently on a 2-week rise and following the completion of a 1D MACD Bullish Cross, it can extend to at least the 0.382 Fibonacci level based on the previous two Lower Lows of the Channel Down. As a result, we are targeting 0.58200, which would also make a...
Trade Plan SHORT CALL Sell Stop/Entry 0.61135 Stop Loss 0.61643 Target 0.60631
The AUDCHF pair reached the bottom (Lower Lows trend-line) of the 2-year Channel Down pattern and rebounded, testing now the 1D MA50 (blue trend-line). Then that 1D MA50 test took place after the RSI on the 1W time-frame rebounded on its Support Zone, all three times the price hit the 1D MA200 (orange trend-line). This can happen a little quicker at 0.62000 or...
The AUDCHF pair hit yesterday its 1D MA200 (orange trend-line) for the first time since September 05 2022. The key on the current price action is the weekly (1W) closing. In September it failed to close a 1W candle above the 1D MA200 and naturally it got rejected to the bottom the long-term Channel Down that it has been trading in since mid 2021. The current...
The pair has been trading in ascending channel, but currently from the 1HTF Perspective price is forming Lower highs and lower lows which is an indication of change in the preceding trend. Expecting the break of channel ,then a Retest or a possible continuation pattern for the move to the downside.
The AUDCHF pair has been trading within a Channel Down pattern since February 25 2021 High. At the moment, it is below the 1D MA50 (blue trend-line) but appears to have completed an Inverse Head and Shoulders (IH&S) pattern that is a technical formation typically found on market bottoms. In fact, with the RSI on the 1W double bottoming and rebounding, the current...
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The AUDCHF pair seems to be repeating the October 2021 - January 2022 fractal both on candle and RSI terms on the 1D time-frame (both recording a -7.50% decline). The price has been closing below the 1D MA50 (blue trend-line) since June 15. A break above the 1D MA200 (orange trend-line) would be a bullish break-out signal, targeting the Lower Highs trend-line and...
The AUDCHF pair is seeing a short-term rebound following the July 01 Low and is approaching the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line). It has been trading below the latter since June 16 and the former since June 17. The emerging Death Cross formation (when the MA50 crosses below the MA200) can put a stop to this short-term recovery and push...
The AUDCHF pair has been neutral since the start of April following our plan with great consistency, as outlined on our last analysis: As you see, the price has been trading inside that box as the June - September 2020 fractal suggested. This time, we also have the 1W MA200 (red trend-line) that provides support. The 1D MACD shows that we are at a point where...