AUDCHF is bullish on its 1D technical outlook (RSI = 60.496, MACD = 0.002, ADX = 32.323) after a strong bounce and closing above the 1D MA500. The dominant Bullish Megaphone pattern made its previous HH on the 2.0 Fib extension and a new 1D MACD Bullish Cross has validated that it now sets course for the new HH. We target again the 2.0 Fib (TP = 0.61550) which is...
AUDCHF may have crossed over the 1W MA100 but eventually failed, also on the 0.5 Fibonacci level, and appears to be reversing. The technical outlook on the 1D time-frame is neutral (RSI = 55.574, MACD = 0.003, ADX = 42.778), so it is a valid sell entry. On top of that, every LH inside this 15 month Channel Down (exception Jan 23rd 2023) has been around the 0.5...
AUDCHF is trading inside a Channel Down pattern for more than one year with the 1D timeframe bearish (RSI = 38.270, MACD = -0.004, ADX = 43.501) as the price is under its middle and the 1D MA50. The 1D MA200 is located exactly on its top.
The 1D MACD is in the process of completing a Bullish Cross, which has been a strong buy signal inside this pattern. Even...
AUDCHF is trading inside a Channel Down pattern for over 1 year but the 1D time frame is technicalls bullish (RSI = 68.224, MACD = 0.004, ADX = 39.835). The reason is that since May 1st, the Channel Down is having its bullish leg for the new LH (Lower High). The previous two LH were formed on the 1D MA200.
As the RSI is about to cross into the overbought...
After Todays AUD news we saw a fast fall across various AUD related pairs. On this fall we can look to get long at comfortable support.
If you are NOT so active it may be wise to hold off longs until we get lower and a better price.
There is a good support at 0.66926 and price will be retrace from this level and move to upwards. RSI shows that whenever its reach the 40.35 and change the direction to upwards will keep continue the bullish momentum. All with these confirmation we can buy AUDCHF.
TP's and SL is up to you.
Note: Trade at your own risk and this is not involved any fundamental....
Pattern: 3+ years symmetric parabolic channel.
Signal: Bullish after the symmetry completion indicates an upward break out. Emerging Channel Up on 1D.
Target: 0.77500 (Symmetric peak).
