AUDCHF Will Go Down From Resistance! Short!
Here is our detailed technical review for AUDCHF.
Time Frame: 7h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.571.
The above observations make me that the market will inevitably achieve 0.568 level.
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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AUDCHF
AUDCHF - Wait For The Bears 🐻Hello TradingView Family / Fellow Traders,
On Daily: Left Chart
AUDCHF is retesting a strong resistance zone so we will be looking for sell setups on lower timeframes.
On H1: Right Chart
📈 For the bears to take over, we need a momentum candle close below the last major lower in gray.
📉 Meanwhile , AUDCHF would be bullish, and can still trade higher inside the resistance or even break it higher.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
AUDCHF_1DAnalysis of the Australian Dollar vs. Swiss Franc currency pair The analysis is in daily and mid-term time frames The five-wave abcde correction rectangle and triangle pattern, which is a price break pattern to continue the downward trend Currently, we are short-term in wave e, and again it can continue to fall by breaking the pattern line from the bottom The most important resistance is 0.59000 The main target and support in the long term is 0.54000
AUDCHF A Fall Expected! SELL!
My dear friends,
My technical analysis for AUDCHF is below:
The market is trading on 0.5721 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.5684
Recommended Stop Loss - 0.5739
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
AUDCHF: Trend-Following Opportunity 🇦🇺🇨🇭
AUDCHF is trading in a bearish trend.
After a strong selling wave, the pair was consolidating for 2 weeks
within a narrow range on a daily.
Yesterday, the support of the range was broken.
We see its retest now.
I expect a bearish movement lower.
At least to 0.5636 level.
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AUDCHF Is Going Down! Short!
Take a look at our analysis for AUDCHF.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.567.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.564 level.
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.
Like and subscribe and comment my ideas if you enjoy them!
AUDCHFAUDCHF is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price is about to give breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.5750 followed by 0.5780.
What you guys think of this idea?
AUDCHF: Waiting For The Next Move 🇦🇺🇨🇭
AUDCHF is trading within a narrow horizontal range,
after a formation of a strong bearish impulse.
I believe that selling volumes are currently accumulating.
Our trigger to short will be a bearish breakout of the support of the range.
4H candle close below 0.5675 will confirm the violation.
A bearish continuation will be anticipated at least to 0.5645
Alternatively, remember, that a bullish breakout of the range will most likely push the prices higher.
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AUDCHF: Safe-Heaven Time After last week's joint military actions by the USA and UK against Houthi Rebels in the Red Sea, markets are exercising heightened caution amidst the potential for new conflicts to emerge. In such uncertain scenarios, safe-haven currencies like the Swiss Franc stand to benefit. Another pivotal factor supporting this notion is the recent elections in Taiwan, where the USA-backed candidate emerged victorious, indicating that the island may seek support from Washington against China's territorial claims, as hinted by President Xi in his New Year speech.
Adding to the rationale is China's slower-than-expected recovery, underscored by last week's discouraging economic data on inflation. This suggests that the world's second-largest economy continues to grapple with challenges in its recovery process.
From a technical analysis perspective:
Entry is positioned at the previous support, now functioning as resistance.
Stop Loss is set at 1 ATR (Average True Range) above the entry point.
Take Profit is targeted at the next support level, maintaining a 1:2 Risk-Reward ratio.
Stay tuned for more trades and analyses like this, and feel free to share your opinions in the comments below! 📈🤔
7 Dimension Analysis for AUDCHF 🕛 TOPDOWN
Yearly: A robust and enduring bearish trend has persisted in this pair for the last 50 years.
Monthly: The monthly trend aligns with the bearish sentiment, displaying some inside moves.
Weekly: The market exhibits a strong bearish structure, currently within a descending triangle.
😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Impulsive
🟢 Inducement: Completed
🟢 Impulsive Move: Initiated, indicating the opportune time to enter the market.
🟢 Support Breakout: A significant break of the long support level, accompanied by a major supply and distribution area. Support breakout; the CIP now acts as resistance.
🟢 Traps: Observations of fakeouts at the top and shakeouts.
🟢 Time Frame Confluence: 4H, Daily, Weekly, Monthly
2️⃣ Pattern
🟢 CHART PATTERNS: Reversal patterns like Double Top, a bearish breakout from a Consolidation Rectangle, and continuation patterns like Shakeout Continuation.
🟢 CANDLE PATTERNS: Waiting for market open to observe specific candlestick patterns such as Gaps (Novice, Pro, Window), Kicker Sash, Separating Line, Hero, Piercing/Dark Cloud, and Open Low/High.
3️⃣ Volume
🟢 Fixed Range: Bearish volume dominating throughout the consolidation.
🟢 Massive Volume: Significant volume observed at the breakout level.
4️⃣ Momentum RSI
🟢 Zone: Entered the super bearish zone.
🟢 Range Shift: Confirmed a shift into the super bearish zone.
🟢 Loud Moves: Previous bearish entries initiated with loud moves.
🟢 Grandfather Father Son Entries: A 5-star bearish entry.
5️⃣ Volatility Bollinger Bands
🟢 Middle Band: Acting as resistance.
🟢 Contraction: Beginning, with a W pattern observed, though the overall trend suggests potential ignoring.
🟢 Dual Band Derivation: Supported.
🟢 Band Puncher: Indicating price consolidation in this area.
6️⃣ Strength According to ROC
🟢 Values: CHF stronger than AUD (6.55 vs. 1.14).
7️⃣ Sentiment
If we combine and analyze all these parameters, it's evident that the pair is in a super bearish trend. Hence, the strategy is to wait for corrections and then seek selling positions.
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Short
☑️ Current Move: Impulsive
✔ Support Already Broke
☑️ Candles Behavior: Favoring sellers
💡 Decision: Aggressively sell
🚀 Entry: 0.5690
✋ Stop Loss: 0.5801
🎯 Take Profit: 0.5356
2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO
😊 Risk to Reward Ratio: 3
🕛 Expected Duration: 60 days
SUMMARY:
The comprehensive analysis indicates a super bearish trend. The strategy is to aggressively sell, considering the confirmed break of structure, significant supply, and distribution areas. The risk-to-reward ratio is set at 3, anticipating a 60-day duration for the trade.
AUD/CHF BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
AUD/CHF pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.569 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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AUDCHFAUDCHF price is near the important support zone. 0.56872-0.56799 If the price cannot break through the 0.56799 level, it is expected that in the short term there is a chance that the price will rebound. Consider buying a red zone.
>>Thank you and GooD Luck 😊
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AUDCHF_1DAnalysis of the Australian dollar vs. Swiss franc currency pair
This analysis is for daily and mid-term time frames
The market is in a downward trend and is currently in the 5-wave range of the triangle, and the triangle line breaking down can continue to fall.
Traders should pay attention to the number 0.57777!!!
The most important and main resistance is 0.57777
Target and support range of 0.55230 and 0.54140
AUDCHF: Time to Fall! Here is Why: 🇦🇺🇨🇭
AUDCHF was consolidating for more than 2 months within a wide horizontal range on a daily.
This week, the price managed to violate its support.
It is a very important sign of strength of the bears.
The market will most likely keep falling now.
Next support - 0.5635
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⚡️AUDCHF CMC TRADING ⚡️ FALLING WEDGE AUDCHF has formed a falling wedge pattern, marked by a breakout and subsequent pullback towards the identified demand zone. We anticipate a potential retracement to the Order Block (OB) responsible for the recent Change of Character (ChoCh). Our expectation is a reversal towards the latest swing high on the pair, supporting our decision to enter a long position.
AUDCHF: Long Signal Explained
AUDCHF
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long AUDCHF
Entry Point - 0.5683
Stop Loss - 0.5656
Take Profit - 0.5746
Our Risk - 1%
Start protection of your profits from lower levels
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