AUDCHF Massive Long! BUY!
My dear friends,
AUDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.5922 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.5931
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
AUDCHF
AUDCHF Bottom of Channel Up. Buy opportunity.The AUDCHF pair gave us a solid sell signal last time (April 05, see chart below) but then broke above and established a Channel Up:
The price is now at the bottom (Higher Lows trend-line) of that Channel Up, below the 1D MA50 (blue trend-line), calling for a short-term buy amidst the start of the next Bullish Leg. On top of that, the RSI is approaching its 1-year Support Zone, which every time it was touched, the price rallied by at least +4.50%.
As a result, we remain bullish as long as the 1D MA200 (orange trend-line) is intact and attempt a first buy now, targeting 0.61750 (+4.50%).
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AUDCHF - Wait For The Next Impulse!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 AUDCHF has been overall bullish, trading within the rising wedge in blue.
Currently, AUDCHF is undergoing a correction phase and it is currently approaching the lower bound of the wedge.
Moreover, it is retesting strong support zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support zone and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #AUDCHF approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUD/CHF BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
We are going long on the AUD/CHF with the target of 0.608 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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AUDCHF Technical Analysis! BUY!
My dear friends,
AUDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.5990 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6031
Recommended Stop Loss - 0.5966
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
AUD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
It makes sense for us to go short on AUD/CHF right now from the resistance line above with the target of 0.599 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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AUDCHF Will Explode! BUY!
My dear friends,
AUDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.6042 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6061
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
AUD/CHF has a strong bullish momentum, could it rise further?Price is falling towards the pivot and could potentially bounce to the 1st resistance.
Pivot: 0.60381
1st Support: 0.60163
1st Resistance: 0.60982
Risk Warning:
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Disclaimer:
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AUDCHF-Harmonic Pattern at Key Resistance Hints Bearish ReversalAUD/CHF is exhibiting a harmonic pattern, suggesting a potential reversal point. This bearish signal gains significant weight as Point D of the pattern, also known as the Potential Reversal Zone (PRZ), coincides with a key resistance level. This confluence of technical indicators strengthens the possibility of a bearish breakout.
Key Levels:
Point D (PRZ): 0.60840 - This is the critical level where the harmonic pattern suggests a potential trend reversal.
Key Resistance: 0.60840 (coincides with Point D) - Price encountering resistance at this level reinforces the bearish bias.
Trading Strategy:
Based on the harmonic pattern and resistance confluence, a short position on AUD/CHF appears attractive.
Entry: Short entry can be initiated at the break below 0.60840, which confirms the bearish breakout from the pattern and resistance zone.
Stop Loss (SL): A stop loss can be placed above the recent swing high or just above the broken support level (0.61002) to limit potential losses in case of a false breakout.
Take Profit (TP):
Three potential take profit levels are identified:
TP-1: 0.60690
TP-2: 0.60534
TP-3: 0.60378
Risk Management:
Always prioritize risk management. The chosen stop loss should limit potential downside, while take profit targets should align with your risk-reward ratio. Consider taking partial profits at TP-1 and TP-2 to secure some gains while leaving a trailing stop loss to capture further downside if the move continues.
Disclaimer:
This analysis is for informational purposes only and should not be considered as investment advice. Conduct your own research and due diligence before making any trading decisions.
AUDCHF: Trading Signal From Our Team
AUDCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short AUDCHF
Entry Point - 0.6070
Stop Loss - 0.6103
Take Profit - 0.6013
Our Risk - 1%
Start protection of your profits from lower levels
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AUDCHF potential longWe have observed significant activity from Commodity Trading Advisors (CTAs), who have recently increased their long positions on the Australian dollar against the Swiss franc. This strategic move is supported by several compelling factors that suggest a potential upside for the AUD/CHF pair.
Fundamental Analysis:
One of the primary drivers behind this trade is the interest rate differential between Australia and Switzerland. The Reserve Bank of Australia (RBA) currently maintains higher interest rates compared to the Swiss National Bank (SNB). Higher interest rates in Australia make the Australian dollar more attractive to investors seeking better yields, thereby providing strong support for the currency.
Technical Analysis :
From a technical perspective, the AUD/CHF pair has exhibited a robust reaction at a critical support level. This key level has historically acted as a significant pivot point, providing strong buying interest and forming a solid foundation for a potential upward movement. The recent price action suggests a renewed bullish sentiment, further reinforced by various technical indicators pointing towards a continuation of the upward trend.
Conclusion :
Considering both the favorable interest rate differential and the positive technical signals, the outlook for AUD/CHF appears bullish. Traders might find this an opportune moment to consider long positions, capitalizing on the potential for further appreciation of the Australian dollar against the Swiss franc.
AUDCHF BULLISH CONTINUATIONAUDCHF has been on a significant bullish trend since breaking through a key level. I anticipate this pair will next target the major resistance around 0.61700. The bullish channel that has formed is critical, as the price action continues to hold within its upper and lower boundaries.
AUDCHF Under Pressure! SELL!
My dear friends,
AUDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.6066 pivot level.
Bias -Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.6048
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
AUD/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
Previous week’s green candle means that for us the AUD/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.599.
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AUDCHF: Expecting Bearish Movement! Here is Why:
Balance of buyers and sellers on the AUDCHF pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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Potential bearish drop?AUD/CHF is currently at a resistance level which is an overlap resistance and could potentially drop to our take profit.
Entry: 0.59992
Why we like it:
There is an overlap resistance level
Stop loss: 0.60204
Why we like it:
There is a pullback resistance level which aligns with the 161.8% Fibonacci extension.
Take profit: 0.59617
Why we like it:
There is a pullback support level which lines up with the 61.8% Fibonacci projection.
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