AUDCHF 1D Golden Cross signaling a decline. Best sell in market.The AUDCHF pair has just formed a Golden Cross on the 1D time-frame but even though it is theoretically a bullish structure, it hasn't historically behaved as such for this pair. We view its effect on the 1W time-frame in order to go as back in time as possible and get conclusions.
In the past 10 years (since the May 2014 1D Golden Cross, which was bullish) there have been 5 such formations, all of which made the pair peak either before or on the Cross and delivered a Lower Low, in some instances even with brutal sell-offs.
In the last 2 occurrences, the 1D Golden Cross started Channel Down declines that both hit at least the 1D MA200 (orange trend-line) again before any trend change. As a result, we comfortably turn bearish now on AUDCHF, targeting the 1D MA200 by August.
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AUDCHF
AUD/CHF H4 | Potential bullish momentumAUD/CHF could fall towards a pullback support and potentially bounce off this level to climb higher.
Buy entry is at 0.59212 which is a pullback support.
Stop loss is at 0.58500 which is a level that lies underneath a pullback support.
Take profit is at 0.59943 which is a level that aligns with the 100.0% Fibonacci projection level.
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AUDCHF: Short Signal Explained
AUDCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short AUDCHF
Entry Point - 0.5923
Stop Loss - 0.5949
Take Profit - 0.5869
Our Risk - 1%
Start protection of your profits from lower levels
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AUD/CHF Possible Bearish Scenario
Today, the RBA meeting spoke neutrally about AUD. Without any possible Hawkish scenarios, AUD is not bullish nor bearish either.
But since USD is wiping every minor currency in the market, AUD has been affected too.
Currently, We are bearish on AUD/CHF.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
AUD/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
The BB upper band is nearby so AUD-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.579.
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AUDCHF A Fall Expected! SELL!
My dear friends,
AUDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.5904 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 - 0.5861
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 SHORT FROM RESISTANCE
Hello,Friends!
We are now examining the AUD/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.584 level.
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AUDCHF Is Going Up! Long!
Here is our detailed technical review for AUDCHF.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.579.
Considering the today's price action, probabilities will be high to see a movement to 0.583.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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AUD/CHF Made H&S Pattern , Ready To Sell Now To Get 100 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
AUDCHFOn the monthly charts we have a long term bearish trend forming new lows. There are imbalances likely to be cleared when there is a bullish correction.
On the weekly charts,we have a disequilibrium and unmitigated supply at 0.607 price handle, price is seeking to correct it.
On the 4-hour chart, we have a shift in market structure confirming the bullish correction. We have two recommended entries,the high probability entry in green or the low probability yet conservative entry in red targeting the weekly unmitigated supply at 0.607