Aussie certainty Vs Swiss uncertaintyAussi:
CPI (QoQ) (Q3): weak
Trimmed Mean CPI (QoQ) (Q3): stable
PPI (QoQ) (Q3): stable
Caixin Manufacturing PMI (Oct): strong ( High sensitive)
Probability of rate cut: Aussie cash rate futures are showing 87% odds of the RBA staying flat for next week (Nov 5).
Swiss franc:
ZEW Expectations (Oct): weak
KOF Leading Indicators (Oct): strong
SNB's Jordan:
Cites the dangers of shrinking interest rate spread
Negative rates and readiness to intervene in FX still essential to keep the pressure on the franc
Cannot say when Switzerland will return to a positive rate
Retail Sales (YoY) (Sep): strong
CPI (MoM) (Oct): weak
procure.ch PMI (Oct): forecast strong (due)
Audchflong
AUDCHF LongTP1 has already hit for this trade (0.67900). This level is acting as resistance but market looks ready to break this level (maybe after more people place a sell with their SL above 0.67900). Eyeing the next S/R level on the daily as TP3.
NOTE: the published chart is only to journal trades and ideas. This is not a signal or any investment advice. Most analysis has been removed for leverage
AUDCHF educative info people ask me why long on this pair?
we have mainly 3 elements here on the short term frame.
an ABCD setup, currently on development of the CD wave
rejection of 78% fib level
a bullish flag pattern breakout
in the long term we have a parallel range channel ( as detailed on latest post) price will reach eventually the zone of 0.69000
in this zone we will continue the downtrend
AUD/CHF Bullish Push? - Ichimoku Long Trade SetupThis pair consolidated for a couple weeks before finally getting a big push up.
I am now looking to see if we can establish a longer term bullish trend as I look for chances to get long.
My ideal entry is a drawback to tenkan sen and price structure support for a chance to buy.
I've drawn out a couple of targets on the way to the major price structure target I've labeled on the chart.
If we fail to hold support or if our bullish confirmations change, this setup may become invalidated.
AUDCHF approaching resistance, look out for potential reversal!
AUDCHF is approaching its resistance at 0.67724 where it is could reverse down to its support at 0.66571.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDCHF - Buy NowThere is a good support at 0.66926 and price will be retrace from this level and move to upwards. RSI shows that whenever its reach the 40.35 and change the direction to upwards will keep continue the bullish momentum. All with these confirmation we can buy AUDCHF.
TP's and SL is up to you.
Note: Trade at your own risk and this is not involved any fundamental.
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turningpointfx.com
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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