Hi boys! Aud chf looks like it will continue upwards to double top on the daily. We have a perfect elliot so far. Wave 3 was a perfect 1.618 of the first wave. Wave 5 will be just as long as the first wave, so I am expecting a double top before it dips again. Conversion line crossing base line signaling further upside and this thing broke the cloud on most...
Hi everyone: AUDCHF is on my weekly watch list for short, and today we are seeing an opportunity. Price action formed a lower high on the 4 hr chart, and a breakout of a rising wedge to the downside will give us great risk:reward trade. On the daily time frame we know that price action has retrace to 61.80%, daily lower high which confirms the bearish momentum....
The Australian Dollar has shown some strength against the Swiss Franc for the last three weeks, thus resulting in the formation of a channel up. The starting period of this pattern was rather chaotic; however, it managed to form two distinctive peaks within the last five trading days. The direction of the last wave down is to the side, resembling a minor falling...
Good luck guys FX:AUDCHF Thanks
AUD/CHF rejected at cloud, edges lower from multi-week highs at 0.7430. The pair has edged lower to break below 50-DMA and bias lower. Downside has hit fresh weekly lows of 0.7334, has since pared losses to currently trade at 0.7351. Close below 50-DMA at 0.7365 has raised scope for further drag lower, test of 0.73 (23.6% Fib) now likely. Technical...
We have AUDCHF at the top again. The up move has been showing us that there is a possibility for another move down. Look for price action at this area for sell trade. If price breaks above then this sell idea is no longer valid.
AUDCHF has been facing significant downside pressure. This has been confirmed by the recent break of 4Q 2016 trend support and successfully retesting it with a rejection. This has pushed the pair into bearish territory. We have recently seen a solid retrace which might allow for entry/addition of short positions. Currently sitting at 0.73000, the lower 4h...
Bear move is still pretty strong. It is reaching a support zone. Possible of retracement coming up should be possible. Will not long now, have to wait for more PA to confirm the upmove.
AUD/CHF has broken below major trendline support at 0.7235, intraday bias lower. Aussie dented after China Caixin manufacturing PMI dipped into contraction territory in May, widely missing forecasts. China's Caixin manufacturing PMI for May arrived at 49.6 vs 50.1 expected and 50.3 last, slipping into contraction on slower increases in output and new...
Long AUDCHF @0.725; TP 0.73677, SL your choice
MARKET RETESTED MONTHLY RESISTANCE FOR ANOTHER PRICE REGECTION . LOOKING TO BREAK DAILY SUPP AND TP AT WEEKLY SUPP .
AUD/CHF pair holds above 5-DMA support at 0.7413, intraday bias higher. Technical indicators have turned bullish, Stochs and RSI have turned north from oversold levels. We see bullish divergence on Stochs on daily charts which reinforces upside. 20-DMA at 0.7448 is strong resistance, break above required to extend gains. Support levels - 0.7412 (5-DMA),...