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....
The yellow and green channels are broken. There are 2 possible correction before moving lower.
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...
AUDCHF Bearish Analysis. Details on the chart. Happy Trading!
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...
AUDCHF has found support on the 1W support zone = 0.72414 - 0.72695 (Highs/Lows = 0) and is already rebounding on 1D (Highs/Lows = 0.0035, RSI = 54.336, B/BP = 0.0098). The targets are seen on the yellow rays with 0.75067 being the most suited.
Details on the chart. Wait for breakout confirmation. Happy Trading!
AUDCHF appears to be completing H&S top, and at the verge of breaking a very important rectangle structure which this pair was from last three months. Watch out for the break of neckline.
AUD/CHF has been trading in a range between R1 and S1 for over a year. I open to taking trades at both locations. Price extremes outside of the wH Channel should also be seen as attractive buy or sell locations as long as we remain in a trading range.
The Australian Dollar has been trading sideways against the Swiss Franc for the last two months. This movement is a part of a larger up-trend which started in March when the pair reversed from the senior channel circa 0.7250. The rate is currently located near the senior channel. It is expected that the Aussie continues to move higher during the following days...
Pair hit the bottom once again to be rejected at this level. Going long on this pair to .77 Great Risk Reward