CHFAUD trade ideas
Don't miss the great buy opportunity in AUDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6712). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Take Profits:
TP1= @ 0.6750
TP2= @ 0.6820
TP3= @ 0.6888
SL= Break below S2
AUDCHF Trend continuationDaily 8ema gap close.
Trend continuation
TP1 = 0.66743
TP2 = 0.66364
SL = 0.67407
Don't miss the great buy opportunity in AUDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6700). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 55.
Take Profits:
TP1= @ 0.6773
TP2= @ 0.6845
TP3= @ 0.6945
SL= Break below S2
AUDCHF SHORT!AUDCHF IS READY TO SHORT! AND HAS FLOW GO TO THE TARGET ZONE. MAKE SURE TO CHECK BEFORE TAKING ENTRY. CHEERS!
AUD CHF Sell IdeaThe Pair has been grinding down for sometime.
Seems at the pullback was not very effective in breaking key resistance areas.
A continuation to test the bottom may be on the cards.
In EW terms it is a failed C becoming a new EW4 leading to a further to a renewed EW 5 from thereon.
Regards
Scatman
AUD/CHF Technical analysisThe support of 0.68840 proves to be a tough nut for the bears.
After bouncing back sharply twice, the pair was under the cloud of a bearish trendline for 5 months, which has broken now.
Also, the pair found support at 61.8% of the previous rally, which is a strong bullish sign.
Hence, we expect the trade with bullish bias. The next levels to watch out for are the resistances of 0.72672 and the critical level of 0.73672, which is the 27.2% Fibonacci extension.
The crossing of both these levels can confirm a long-term uptrend in the counter.
AUDCHFLONG TERM TRADERS SHOULD KEEP AN EYE ON "AUD/CHF"
LEVELS TO WATCH
CMP 0.70626
STRONG SUPPORT 0.66
EXPECTING TARGETS 0.7455 AND 0.7650
AUD/CHF Technical analysisAUD/CHF has broken out of a head and shoulder pattern in the 4-hour chart.
It is currently hovering below its neckline.
We expect the pair to face selling pressure and move down from here.
BREAKOUT OF TRENDLINE, SELL ON RETESTAUDCHF:- BREAKOUT OF RISING TRENDLINE ON D1 TIME FRAME. SELL ON RETEST OF BROKEN TRENDLINE.
USE SELL LIMIT@.71950 SL@.729 TP @.700
Aussie - Franc - Short Trade Breakdown From UpTrend line.
Short Entry :- 0.70200
Stop Loss :- 0.71277
Target :- 0.68782
AUD/CHF Technical analysisFrom our analysis, it seems the pair breakout from the resistance trend line & Bollinger upper band and Doji candle formed in hourly pattern, so now
it is expected to come down till the value @0.74095
