AUDCHF Channel Up intact. This pull-back is a buy opportunity.The AUDCHF pair is on the 3rd straight day of a strong short-term pull-back and just touched the 1D MA50 (blue trend-line) for the first time in almost 3 weeks. The long-term bullish trend remains intact though as the dominant structure is a 7-month Channel Up.
As long as the 1D MA200 (orange trend-line) holds, we will remain bullish, targeting 0.62250 (+6.20% Bullish Leg, similar to the previous two).
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AUDCHF
AUDCHF: Bullish Continuation is Expected! Here is Why:
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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AUDCHF Will Go Higher From Support! Long!
Please, check our technical outlook for AUDCHF.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.605.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.606 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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Bearish reversal?AUD/CHF is rising towards the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 0.60815
Why we like it:
There is a a pullback resistance level which aligns with the 127.2% Fibonacci extension.
Stop loss: 0.60992
Why we like it:
There is a pullback resistance level which aligns with the 161.8% Fibonacci extension.
Take profit: 0.60287
Why we like it:
There is an overlap support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUD-CHF Will Keep Growing! Buy!
Hello,Traders!
AUD-CHF is trading in an
Uptrend and the pair made
A bullish rebound from the
Support of 0.6040 which
Reinforces our bullish bias
And makes us expect
A bullish continuation
Buy!
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Check out other forecasts below too!
AUDCHF LONG
Current Trend :
The AUD/CHF pair is showing a bullish trend with a recent breakout from a descending trendline. The current price is 0.60499, just above the 200-period simple moving average (SMA) at 0.59995.
Support and Resistance Levels :
Major Support: 0.60309, 0.60279
Major Resistance: 0.60531, 0.60766
Fibonacci :
Key Fibonacci retracement levels are drawn from the recent low to the high:
38.2%: 0.60385
50.0%: 0.60309
61.8%: 0.60279
The breakout of the descending trendline indicates a potential bullish reversal. Confirmation of this breakout, coupled with a rebound above the SMA 200 level, reinforces the idea of a bullish continuation. The Fibonacci levels provide reference points for placing Stop Loss and Take Profit orders, minimizing risk while maximizing potential gain.
AUD/CHF BEARISH BIAS RIGHT NOW| 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 0.596.
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Potential bullish rise?AUD/CHF has just bounced off the support level which is an overlap support that aligns with the 23.6% Fibonacci retracement and could rise to our take profit.
Entry: 0.60211
Why we like it:
There is an overlap support level which lines up with the 23.6% Fibonacci retracement.
Stop loss: 0.59896
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement.
Take profit: 0.60833
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish drop?AUD/CHF is reacting off the pivot which has been identified as an overlap resistance and could fall to the 1st support.
Pivot: 0.60608
1st Support: 0.60204
1st Resistance: 0.60817
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUD/CHF Best Area To Sell It To Get 200 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.
AUD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
AUD-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.593 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the AUD/CHF pair.
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AUDCHF Trading Opportunity! SELL!
My dear friends,
Please, find my technical outlook for AUDCHF below:
The price is coiling around a solid key level - 0.6014
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.5979
Safe Stop Loss - 0.6040
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Heading into overlap resistance, could it reverse?AUD/CHF is rising towards the pivot which acts as an overlap resistance and could potentially reverse to the 1st support.
Pivot: 0.60166
1st Support: 0.59518
1st Resistance: 0.60396
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUDCHF LongThe monthly chart already gives me a lot of information. The last candles were all bullish, and now we have a nice wick rejection. The weekly chart clearly shows the weekly trend and has closed above the last two weekly candle highs. This indicates clear momentum. Based on the monthly and weekly charts, I have all the important information:
clear direction
target
I manage my trades in the daily chart and 4-hour chart. Daily chart: We can see that we are now in a bullish structure. So, the long correction is over, and we can expect a new high.
That doesn't mean we can't fall a bit more before continuing the bullish trend!!!
AUDCHF Will Go Down From Resistance! Short!
Take a look at our analysis for AUDCHF.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.599.
Considering the today's price action, probabilities will be high to see a movement to 0.595.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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AUDCHF What Next? SELL!
My dear friends,
AUDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.5993 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 - 0.5952
Recommended Stop Loss - 0.6018
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: Bearish Continuation is Highly Probable! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current AUDCHF chart which, if analyzed properly, clearly points in the downward direction.
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AUD/CHF Elliott Wave Update: Eyeing Further DowntrendIn this analysis of the AUD/CHF pair, we delve into the corrective phases of the Elliott Wave theory, focusing specifically on the formation of Wave C. The chart shows a clear completion of Wave B, and we are now observing the development of Wave C, which suggests a potential bearish move towards the 1.618 Fibonacci extension of Wave A, located around 0.577.