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Audchflong

AUDCHF facing bullish pressure, potential for further bounce!Prices are facing bullish pressure from 1st support which is in line with 78.6% Fibonacci retracement, 50% Fibonacci extension and horizontal swing low support. Prices might push up towards 1st resistance which is in line with horizontal swing high resistance in line with 61.8% FIbonacci extension and 100% Fibonacci extension. If prices push lower, prices might take support from swing low support which coincides with 78.6% FIbonacci retracement and 100% Fibonacci extension. Stochastics seem to also be approaching the 12.68 level, potential for a bounce in line with our analysis.
Long
by TradeGATEHub
2
AUDCHF - Bullish BiasAUD - BULLISH 1️⃣ Strong data from the Chinese economy boosted sentiment as retail sales and industrial production figures for February surpassed estimates and rose 33.8% and 35.1%, respectively. 2️⃣ New home sales jumped 22.9% mom in February, according to the HIA, reversing from a 69.4% surge in January. CHF - BEARISH 1️⃣ Stronger-than-expected US jobs data and the pandemic relief bill boosted prospects of the US economic recovery. 2️⃣ Expectations of a robust economic revival fueled by the rapid rollout of vaccines and additional fiscal spending raised investors’ appetite for riskier assets. 3️⃣ Positive risk tone weighing on the safe-haven CHF. ===== Technical ===== We are buying the AUDCHF at support + above SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
AUDCHF - Bullish BiasAUD - BULLISH 1️⃣ Strong risk sentiment boosted the Aussie from 5-week lows after the US Congress approved President Biden's $1.9 trillion coronavirus relief package. 2️⃣ Reserve Bank of Australia governor Philip Lowe rejected market expectations of an early increase in interest rates, insisting it will not lift its record-low cash rate of 0.1% until the jobless rate falls far enough to generate higher wages. 3️⃣ Australia's inflation expectations increased to an 11-month high of 4.10% mom in March. CHF - BEARISH 1️⃣ Stronger-than-expected US jobs data and the pandemic relief bill boosted prospects of the US economic recovery. 2️⃣ Expectations of a robust economic revival fueled by the rapid rollout of vaccines and additional fiscal spending raised investors’ appetite for riskier assets. 3️⃣ Positive risk tone weighing on the safe-haven CHF. ===== Technical ===== We are looking to buy the AUDCHF at support + above SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
AUDCHF - Bullish BiasAUD - BULLISH 1️⃣ The National Australia Bank's index of business confidence showed the highest reading since early 2010 and well above the long-run average. 2️⃣ Local 10-year rate lifted to near 23-month highs of 1.79%. 3️⃣ The risk-on mood benefitted the AUD. CHF - BEARISH 1️⃣ Stronger-than-expected US jobs data and the pandemic relief bill boosted prospects of the US economic recovery. 2️⃣ Expectations of a robust economic revival fueled by the rapid rollout of vaccines and additional fiscal spending raised investors’ appetite for riskier assets. 3️⃣ Positive risk tone weighing on the safe-haven CHF. ===== Technical ===== We are looking to buy the AUDCHF on support + above SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
2
AUDCHF - Bullish BiasAUD - BULLISH 1️⃣ Australia posted the largest trade surplus on record, as exports surged 6% to a ten-month high, while imports fell 2% to a three-month low amid improving global demand as more countries reopen their economies following an easing of COVID-19 lockdowns, while retail sales rose by 0.5% month-over-month. CHF - BEARISH 1️⃣ Expectations of a robust economic revival fueled by the rapid rollout of vaccines and additional fiscal spending raised investors’ appetite for riskier assets. ===== Technical ===== We are looking to buy the AUDCHF at support + above SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
AUDCHF BUY SIGNALRead the chart What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Also, kindly cheer me with coins if you like my work. Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓 NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills or have access to VIP , DM me.
Long
by PetrockFxTrading
AUDCHF Intraday Trade Opportunity - Long Opportunity!!This will be a short term long opportunity!!! As of now, I am expecting a rejection from 161.8% fib level. We managed to see a 261.8% fib level fall all the way till this level but 0.7053 support level is rather strong and I expect some BULLISH pressure here for AUDCHF. If you wish to enter always remember shifting SL to entry after we see some movement to the upside or close the trade in quick profit. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Long
by YGForex
2
CHF/AUD TP Hit, Look For RetraceThis has just hit TP on previous posts for this pair. Now looking for this to retrace and possible re-entry for shorts. Fibonacci obviously depends where this current downward move ends but currently 0.382 aligns with previous structure so this makes sense to be the area this could retrace to. Then need to see bounce from this resistance lower. I'm currently setting target as 1.4130 for that next move but I will make a new post for this if and when the retrace comes.
by olly48