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Audchfforecast

AUD/CHF Trade OpportunityThere should be an opportunity here for a buy or sell depending on what happens with the price action. If price closes above the dark blue resistance line, I would expect price to go up to at least around the .74700 area. To take the safest trade, wait for a re-test of the resistance line (which would be support at a retest). If price ever closes below the lower of the 2 parallel trend lines then it would be time to look for a short. To take the safest trade, wait for a retest of the trend line. If price closes below the lower of the 2 parallel upward trendlines, I would expect price to continue down to the lower trendline. Be careful with taking a short after price closes above the blue resistance line as price could reverse around the .74000 area. As always on my charts: Red Lines - Monthly Support & Resistance Orange Lines - Weekly Support & Resistance Yellow Lines - Daily Support & Resistance Dark Blue Lines - Support & Resistance Area I'm currently looking at (in this case 1 hr -0.44% .)
by Jabest
AUD/CHF, DAY CHART, SHORT (27-NOV-2016)AUD/CHF is trading in the range between the resistance and support zone indicated. In recent times, the price is trading in a downward channel. The price is approaching the resistance zone and the upper side of the downward trendline. We see the recent candlestick as a bearish pin bar. If the bullish trend still remain strong, don't bother to entry as the potential reward/risk is not good. Trade safely with proper risk management :)
Short
by YongLiang