Audchflong
AUDCHF (AUSTRALIAN DOLLAR / SWISS FRANC) - Buy NowFirst of all want to mention as AUDCHF is in down trend and as swing traders there is a price reversal opportunity in daily chart where we can have buy trade.
Let me explain you; If you can see there is a very strong support at 0.66913 where couple of time tested and its already hit the 0.786 fibo level as well. In the meantime previous day candle is closed as a inverted hammer where we will get a bullish signal. So we have few confirmation that where we can go for a Buy Order.
Note: Trade at your own risk and this analysis is not based on fundamental.
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AUDCHF Fundamental Analysis – September 19th 2019Here are the key factors to keep in mind today for Australian Dollar trades:
Australian Employment Report: The Australian Employment Change for August was reported at 34.7K. Economists predicted a figure of 15.0K. Forex traders can compare this to the Australian Employment Change for July which was reported at 36.4K. The Unemployment Rate for August was reported at 5.3%. Economists predicted a reading of 5.2%. Forex traders can compare this to the Unemployment Rate for July which was reported at 5.2%. 15.5K Full-Time Positions were lost and 50.2K Part-Time Positions were created in August. Forex traders can compare this to the creation of 32.0K Full-Time Positions and 4.4K Part-Time Positions which were reported in July. The Labor Force Participation Rate for August was reported at 66.2%. Economists predicted a reading of 66.0%. Forex traders can compare this to the Labor Force Participation Rate for July which was reported at 66.1%.
RBA FX Transactions: RBA FX Transactions for August were reported at A$608M. Forex traders can compare this to RBA FX Transactions for July which were reported at A$837M. RBA FX Government Transactions for August were reported at -A$750M and RBA FX Other Transactions were reported at A$531M. Forex traders can compare this to RBA FX Government Transactions for July which were reported at -A$961 and to RBA FX Other Transactions which were reported at -A$4,377M.
Here are the key factors to keep in mind today for Swiss Franc trades:
Swiss Trade Balance: The Swiss Trade Balance for August was reported at CHF1.588B. Economists predicted a figure of CHF3.220B. Forex traders can compare this to the Swiss Trade Balance for July which was reported at CHF3.686B. Exports for August decreased by 4.4% monthly and Imports increased by 1.0% monthly. Forex traders can compare this to Exports for July which decreased by 1.2% monthly and to Imports which decreased by 0.5% monthly. Swiss Watch Exports for August increased by 4.7% annualized. Forex traders can compare this to Swiss Watch Exports for July which increased by 4.3% annualized.
Swiss National Bank Sight Deposit Interest Rate: The Swiss National Bank Sight Deposit Interest Rate is predicted at -0.75%. Forex traders can compare this to the previous Swiss National Bank Sight Deposit Interest Rate which was reported at -0.75%. The SNB 3-Month Libor Lower Target Range is predicted at -1.25% and the SNB 3-Month Libor Upper Target Range is predicted at -0.25%. Forex traders can compare this to the previous NB 3-Month Libor Lower Target Range of -1.25% and to the SNB 3-Month Libor Upper Target Range of -0.25%.
Should price action for the AUDCHF remain inside the or breakdown below the 0.6730 to 0.6810 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 0.6755
Take Profit Zone: 0.6500 – 0.6575
Stop Loss Level: 0.6845
Should price action for the AUDCHF breakout above 0.6810 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 0.6845
Take Profit Zone: 0.6955 – 0.7000
Stop Loss Level: 0.6800
AUD/CHF: Daytrade-OPPORTUNITY#WEEK 34 Nr. 13Hey tradomaniacs,
welcome to another free signal!
How to trade: 1. Wait for the violation of the current horizontal Resistance
2. I expect a breakout until the 1,618 FIB-Extension before we retest our entry - Wait for the S&R-Flip
3. After retest and rejection you can buy.
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Type: Daytrade
Buy here: 0,66682
Stop-Loss: 0,66546
Target 1: 0,66864
Target 2: 0,66928
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Peace and good trades
Irasor
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