The Australian Dollar has appreciated substantially against the Swiss Franc since late November. This upward movement has been constrained in a channel up. During the past week, the Aussie has failed to reach its upper boundary, thus pointing to a possible breakout south. A subsequent surge, however, might occur only within the following two weeks, given that...
The cross is increasing the power used to rise to higher prices A very high long term market pressure (+11.0) confirm the direction of the trend This analysis is based on market pressure value, you can find the daily market pressure for every fx crosses on my twitter profile twitter.com
AUD/CHF has opened trade with a bullish gap up in the Asian session as markets open after holidays. The pair is hovering around major trendline resistance at 0.7635, breakout to see further upside. Technical studies support upside in the pair, price action has broken above daily cloud. RSI shows strength above 50 levels and is gaining traction. Momentum studies...
AUD/CHF has been guided by a descending channel since early September. This pattern has had several confirmations on the southern side, while the second upper confirmation was provided last week when the Aussie reversed from the 0.76 mark. The rate, however, did not go far, as it continued to trade along the upper boundary of this long-term pattern. It is...
The 5th wave can be somewhere inside the box and may reject one of the trend lines.
Technical Studies: Bias Bullish - 200-DMA breakout - Tests 50-DMA resistance at 0.7574 - RSI and Stochs biased higher, RSI above 50 gaining traction - Bullish 5 and 20 DMA crossover - Bollinger bands widening Fundamental Studies: - Aussie continues to be supported higher, extends gains across the board on strong Aussie jobs data. - The ABS reported earlier...
Lo que parecía una ending diagonal, se ha transformado en ending channel finalmente. Tenemos una gran divergencia en MACD, todo apunta a que se irá al alza el precio. Espero mi entrada en largos en algún momento del nuevo impulso alcista. ------------ What looked like an ending diagonal, has become in ending channel. There's a big divergence in MACD, everything...
Looking to buy AUDCHF as soon as it breaks the downwards channel it is currently in. Expecting a move up above 0.7500, then bounce on the 0.7500 handle before next move up.
Se nos acaba de presentar una hermosa Ending Diagonal en AUDCHF. Ya ha roto su tendencia, así que esperaré una banderita para buscar un Take Profit con Risk reward de 1 a 2. -------------- We can see a perfect Ending Diagonal in AUDCHF. It has already broken the trend line, so I'll wait a flag to enter in long, searching a Take Profit with Risk reward of 1 to 2.
AUDCHF is finishing up a falling wedge pattern. Buy the breakout. Cheers!
Looks to be evidence of a channel change unfolding on AUDCHF. This level happens to be a 50% Fib retracement on Daily chart at support level. Multiple divergence confirms price action, and a W pattern seems to be setting up a long opportunity to test the top of the "new channel" with stops below.
The Australian Dollar has been trading in two channel against the Swiss Franc. Both downward-sloping patterns are gradually moving the pair away from its long-term resistance of 0.78. If looking in the short term, the Aussie bounced off the lower boundary of both patterns on Wednesday and started to edge higher. However, the strong resistance of the monthly S1,...
AUD/CHF pair has reached well-established resistance level. Trade was placed with long bias with an expected Risk-Reward ratio of 2.7, SL and TP were placed on previous structure high and lows. Expected time of trade completion to be around 2-3 days.
AUDCHF broke the moving average, suggesting a potential trend change. This in tandem with October's monthly bull candle gives me enough reason to believe an up trend is about to begin. My orders are placed at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6. and 0.0. Each order contains a 30 pip stop loss and no take profit target. These trades...