We see a breakout to the downside on this pair as price broke out below the trend Risk Reward 2.07 Priced crossed back below the 50ma on the daily chart, and the ADX is declining indicating little trend movement, which is a good confluence for consolidation patterns and that is what we're seeing in this pair
AUD/CHF struggles to break above stiff resistance at 4H 200-SMA at 0.7348. Technical studies are bullish and breakout at 4H 200-SMA could see further upside. The Reserve Bank of Australia kept rates unchanged at record low of 1.5 percent. The statement was in line with what was expected. AUD/CHF up 0.36% on the day, trading at 0.7341 at the time of writing....
The mother bar broke yeterday with bullish momentum. Now waiting to reach to the next resistance zone and see the market reaction to that level.
Aud is weak, chf is strong right now. Put that together along with a 4 hr consolidation breakout, expect more downside.
AUD/CHF slips lower below 5-DMA support at 0.7442, currently trades at 0.7425, intraday bias lower. SNB maintains status quo, leaves deposit rate unchanged at -0.75%, failed to provide any fresh impetus. Renewed concerns over a global trade war lending some support the Swiss Franc's safe-haven appeal. Technical studies are turning slightly bearish. Stochs are on...
Riding the bullish sentiment on AUD in COT report along with its rally last week after some good news regarding its better than expected trade balance as well as China's CPI, and Australia getting exempted too from steel tariffs imposed by Trump (like Canada and Mexico). Must monitor CHF and EUR closely though because any signs of rally soon might make this pair...
Following a month of consolidation, the Australian Dollar managed to gather enough momentum to break out of this range northwards. As a result, AUD/CHF formed an ascending channel, and it is gradually approaching the senior pattern located in the 0.7580/0.7600 area. It is expected that upside risks continue to prevail in the market during the following two weeks...
AUD/CHF is extending break above 21-EMA, edges higher for 5th straight session. The pair closed above 0.74 handle on Thursday's trade and has hit 4-week highs at 0.7423. Technical studies are bullish. Stocsh and RSI are biased higher. 5-DMA on verge of bullish crossover on 20-DMA Bullish divergence seen on Stochs on daily charts keeps scope for further...
hello all, i found to harmonic pattern about AUD. AB=CD pattern in AUD/NZD c is 50% retracement of AB (1.10614) also the PRZ do have strong support, you can see there is RSI divergence there AUD/CHF bat pattern. Here B is near 50% retracement of XA (0.74601) also D is near 88.6% of XA and 1.618 times of BC (0.72414). Also a RSI divergence trade...
New trading suggestion: There is possibility of temporary retracement to suggested resistance line (0.746), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Total Profit: 3572 pip Closed trade(s): 1070 pip Profit Open trade(s): 2502 pip Profit Trade Setup: We opened 11 SELL trade(s) @ 0.7658...
Following a test of an eight-month low of 0.7268 on February 8, the Aussie entered a three-week period of consolidation against the Swiss Franc. As a result, a symmetrical triangle was formed. As apparent on the chart, the last two waves touched neatly both boundaries of this pattern; thus, it is likely that the pair still uses the opportunity to re-test its...
Upside for now remains capped at 0.74 handle and we see breakout there to see further gains. On the flipside, the pair is trading below all major moving EMAs. Break below 0.73 handle will see resumption of weakness. We then see scope then for test of 0.7220 (88.6% Fib). Support levels - 0.73 (psychological level), 0.7285 (78.6% Fib retrace of 0.7146 to 0.78...
News can obviously go either way but the Aussie looks Bullish across most pairs. As always we wait for news to commence and buy/sell the first retracement.
The Australian Dollar has been trading in a channel up against the Swiss Franc since mid-November. After testing its upper boundary on January 11, the pair entered a period of consolidation prior to depreciating significantly during the previous week. The Aussie, however, did fall short of its bottom line when a rebound from the 0.7540 mark occurred last week....