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Audchflong

AUD/CHF spikes past 100-DMA, eyes 200-DMA, stay longAUD/CHF spikes past 100-DMA, hits 3-month highs at 0.7511 before paring some gains to currently trade at 0.75 levels. Aussie buoyed on Friday after the Reserve Bank of Australai's (RBA) Financial Stability Report (FSR). RBA's FSR stated that the risks from high-household debt and aggressive bank lending practices have slightly abated of late. The pair is trading 0.65% higher on the day, scope for further upside. Technical support gains. RSI shows strong upside momentum at 64 levels and Stochs are biased higher. Next bull target aligns at 200-DMA at 0.7541. Break out at 200-DMA could propel the pair higher. We see weakness only on close below 21-EMA at 0.7388. Support levels - 0.7485 (50% Fib), 0.7466 (100-DMA), 0.7434 (5-DMA) Resistance levels - 0.7541 (200-DMA), 0.76, 0.7680 (major trendline) Good to go long around 0.7480/90, SL: 07430, TP: 0.7540/ 0.76/ 0.7680
Long
by FxWirePro
AUD/CHF long setupAUD/CHF struggles to break above stiff resistance at 4H 200-SMA at 0.7348. Technical studies are bullish and breakout at 4H 200-SMA could see further upside. The Reserve Bank of Australia kept rates unchanged at record low of 1.5 percent. The statement was in line with what was expected. AUD/CHF up 0.36% on the day, trading at 0.7341 at the time of writing. Technical indicators have turned bullish. RSI has edged above 50 levels and Stochs are biased higher. Further, bullish divergence on RSI and Stochs keeps scope for upside in the pair. On the downside, break below major support at 0.7260 will see further weakness. Scope then for test of 0.7148 levels. Support levels - 0.7317 (5-DMA), 0.7266 (Feb 9th low), 0.7260 (trendline), 0.7242 (March 2 low) Resistance levels - 0.7348 (4H 200-SMA), 0.7361 (20-DMA), 0.74 Watch out for break above 4H 200-SMA to go long, SL: 0.7315, TP: 0.7375/ 0.74.
Long
by FxWirePro
AUDCHF Long Entry Wk 14AUDCHF We are in wave 'c' of 'Z' of triple correction in daily/weekly time frame Within wave 'c' wave 1 & 2 seem to be have been completed with wave 2 of 'c' retracing upto 90% of wave 1 of 'c'. It seems that wave 1 of wave 3 of 'c' has now finished with 5 waves within wave visible in 1 hour chart with divergence between 3 & 5. So wave 2 of wave 3 of 'c' is now starting which will retrace back to around 0.73-0.727 level i.e. 61.8% to 90% retracement. Plan is to enter long in wave 3 of 3 of 'c'. Entry point for long can be above wave 1 of 3 peak or more aggressively wave 2 of wave 3 of c can be decomposed into abc and long entry can be above peak of wave 'b' of wave 2 of wave 3 of 'c'. Entry point: 0.736 SL: 0.724 TP1: 0.744 TP2: 0.7535 TP3: 0.769 TP4: 0.776
Long
by masood_bakhtyar
BullishAUDCHF retested broken D1 Resistance TL which now stands for mirror Support TL. Also on Test this pair has made Double Bottom pattern which gives a trend reversal confirmation. After breaking and closing above the neckline of Double Bottom Price is now retracing back and testing the broken neckline and currently market is forming "Harami" Price action candlestick pattern confirmation signal. Also price is about to get rejected from the 61.8 level of fibonacci. Once Price breaks and closes above the "HARAMI" Price action pattern im looking to long this pair. Reason #1: Retest to D1 Broken Resistance TL Reason #2: Double Bottom at retest the major TL Reason #3: Price is testing broken neckline of DB Reason #4: Test of 61.8 Fibonacci reversal level Reason #5: RSI Bullish Divergence wave Reason #6: "HARAMI" Bullish Breakout ? (Not completed yet) once it completes I will take long on this pair
Long
by jamshid1994
AUDCHF LongAUDCHF long has been on the watchlist this as a strength and weakness pair. Strength coming from the AUD with a seasonal bias backing the strength up and weakness out of the CHF after recent declines against other currencies. With this in mind, looking to take this pair long with a technical entry. As you can see price broke through and re-tested a key daily support. A break above the highs will be the entry with stops below the swing at 0.7403. Looking to run this to the top of the weekly range to then look for a reversal signal.
Long
by ColmoreFX
AUD/CHF long setupAUD/CHF is extending break above 21-EMA, edges higher for 5th straight session. The pair closed above 0.74 handle on Thursday's trade and has hit 4-week highs at 0.7423. Technical studies are bullish. Stocsh and RSI are biased higher. 5-DMA on verge of bullish crossover on 20-DMA Bullish divergence seen on Stochs on daily charts keeps scope for further upside. Price now eyes 55-EMA at 0.7444. Break above could see test of 110-EMA at 0.7496. On the flipside, 21-EMA at 0.7371 is strong support. Break below invalidates bullish bias. Support levels - 0.7373 (5-DMA), 0.7371 (21-EMA), 0.7265 (trendline) Resistance levels - 0.7444 (55-EMA), 0.7482 (50-DMA), 0.7496 (55-EMA) Good to go long around 0.74/ 0.7410 levels, SL: 0.7360, TP: 0.7445/ 0.7485/ 0.75
Long
by FxWirePro
AUDCHF Strong BUY opportunity with R:R 1.9Hi Guys, Looking at this chart and i found that there were a few things that supported my idea: 1. Support at 0.7245 and reversal has begun at the 4H TF 2. Previous support at 0.7146 was never achieved 3. RSI supports the upward trend I would expect a retracement period at 0.7430 (0.38 Fib) so you can take some profit here But my main target would be: T/P at 0.7605 (0.618 Fib) S/L at 0.7210 R:R at 1.9 Please don't risk more than 2% of your capital If there's no big news, this trade would look quite good Feedbacks are always appreciated Cheers!
Long
by jtanum
AUDCHF 4 hours Long Entry in Week 11/12Buy opportunity seems to be coming up in AUDCHF The channel support was broken but slightly but now prices are back into the channel so potential upward move within the channel is a possibility We are wave C of Z in the daily correction channel Within wave C, it seems like wave 3 of wave 1 of C is almost complete. I would wait for completion of wave 1 and then wave 2 and buy in wave 3 of C. Buy Entry: 0.744 (above the estimated wave 4 of 1); this may change depending upon where wave 4 of 1 ends. Alternative buy entry can be above wave b of wave 2 of C Another aggressive alternative can be above wave 4 of wave c of wave 2. SL: 0.724 TP1: 0.762 TP2: 0.77 (just below 1.618 fibonachi extension level for wave 3) TP3: 0.776 (just below 38.2% extension for wave 5) The TP levels are based on the estimated end of wave 1 and retracement of 78.6% for wave 2. These may change depending upon the wave 1 and wave 2 end points To be confirmed before entry: Wave 2 has finished with a,b,c of 2 identified in 4 hrs or 1 hr chart. Identification of divergence b/w wave 3 & 5 of c of 2. prices closing above EMA Stoch 76,4,4 in 4 hours to be above 20
Long
by masood_bakhtyar
AUDCHF BUY R:R 1.9 Hi Guys, Looking at this chart and i found that there were a few things that supported my idea: 1. Support at 0.7245 and reversal has begun at the 4H TF 2. Previous support at 0.7146 was never achieved 3. RSI supports the upward trend I would expect a retracement period at 0.7430 (0.38 Fib) so you can take some profit here But my main target would be: T/P at 0.7605 (0.618 Fib) S/L at 0.7210 R:R at 1.9 Please don't risk more than 2% of your capital If there's no big news, this trade would look quite good Feedbacks are always appreciated Cheers!
Long
by jtanum
AUD/CHF long setupAUD/CHF has opened trade with a bullish gap up in the Asian session as markets open after holidays. The pair is hovering around major trendline resistance at 0.7635, breakout to see further upside. Technical studies support upside in the pair, price action has broken above daily cloud. RSI shows strength above 50 levels and is gaining traction. Momentum studies bullish. ADX and MACD also support upside in the pair. Support levels - 0.7604 (100-DMA), 0.7596 (5-DMA), 0.7570 (50-DMA) Resistance levels - 0.7651 (61.8% Fib retracement of 0.78 to 0.7417 fall), 0.77, 0.7715 (78.6% Fib) Stay long on close above 0.7635, SL: 0.76, TP: 0.77/ 0.7715
Long
by FxWirePro
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