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Audchfforecast

AudChf is bearish, look for sell opportunitiesThe trend for AudChf is clearly bearish and the pair fell 700 pips since the end of February to the end of August. The rally started after the recent low is just a correction to the overall trend and we can consider this correction over at this moment. If we look at the daily chart we can see that the recent rally reversed from a very strong confluence resistance given by last horizontal support and 50% Fibo. Also at the beginning of November AudChf has broken under the rising trend line and 0.68 support and now the road is clear for a new test of 0.65 zone support. I'm looking to sell rallies and I will stay bearish as long as the price is under the last broken support
Short
by Mihai_Iacob
12
AUD/CHF Buy Opportunity Breaking Above 0.6870 6th of October AUD/CHF broke the long-term descending trendline and started an uptrend. AUD/CHF is holding above the descending trendline and forming a bullish pattern. Right now, AUD/CHF is stuck into a triangle. Breaking above 0.6870 will confirm the bullish breakout and triangle. The first target to the upside is 0.6960/6970, Price Zone. Breaking above 0.6970, our 2nd target is 71.00. Finally, 0.7200/0.7220 is our upside target zone. We may see a significant correction from the 0.7220/0.7250 price zone. This chart is valid as long as AUD/CHF is above 0.6650. In case AUD/CHF breaks below 0.6650, it will continue its downtrend again.
Long
by Gold_Trading_Expert
1
AUDCHFHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. AUDCHF with OB view Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profitSday guys
Short
by Bexi03