Audchflong
AUDCHF approaching support, potential bounce!Price is approaching our first support at 0.7316 (horizontal swing low support, 61.8% fibonacci extension, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7396 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (55,5,3) is also approaching our support and a bounce off this level might be a good precursor for a potential rise in price.
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Signal Stream - AUDCHF Long SignalA long signal appeared on AUDCHF at 0.7331.
The signal appeared at a very strong support level.
After moving sideways a bit, price rose sharply to the most recent S/R level, and has stalled there.
Personally, I generally take profits at close range targets, but with a sharp move like this there are many ways to manage it take partial profit and catch a potentially larger move.
Trading signals at strong S/R levels like this is about as straight forward as you can get trading Signal Stream.
There are many ways to trade Signal Stream.
Signal Stream signals have a high chance of hitting their targets even if the market moves in the opposite direction, long after the signal appears.
It's like the market is attracted back to these levels if they don't hit it immediately.
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AUDCHF POTENTIALLY BULLISHFOREXCOM:AUDCHF Reached the level of 0.73 and can get the level of 0.74350
AUDCHF : 1D : Bulls are Back !!!FX:AUDCHF was taking a beating for last 20 trading days. Now the bears are done with it. Bulls are overtaking Bears and it is visible with bullish price action of the AUDCHF. The RSI crossover on the MA is good signal to suggest we are entering a Bull run.
E : Below 0.7350
SL : 0.7280
TP : 0.7450
AUDCHF LONGGHi guys!
Here we have a good possibility for longs on audchf
Pair has made a very good wolf wave, also a divergence
Im going long
Stop loss -0.72790
Take profit1 - 0.73600
Take profit2 - 0.74000
Use risk managment!
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audchf in a probably reversal mode and the weekly support.we are facing a probably a bullish scenario.the next days will be show it.if it breaks the supply, we can expect a lot of bearish movement. the daily ended with a inverted hammer
AUD / CHF - Range bound & ready for LONG?This pair has been range bound since April and has been in and out of the range area bouncing off a rising trend line since 2015. RSI is now declining after rejecting the high of the channel for the fourth time and I'm setting a buy order @0.74 with a trailing stop below previous support and the trend line down @0.73 so reduce your leverage to ensure it's within your account management policy, I'm looking for a bigger move out of the channel up @0.76.
AUDCHF BUY (TARGET 1: +72 PIPS & TARGET 2: +144 PIPS)If you like what you see, please like and follow me BELOW !
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*** Long term sell, Long term buy ***I think the C wave will be finished in the couple of next weeks and the BIG upside move will start. In weekly view you can see that a flat corrective structure is forming. If you have different view please let me know in comment section. Please trade with care.
AUDCHF Buy setup As I stated in the chart, after a higher degree 3 wave correction, the price is about to break. If a bullish (three wave) corrective pattern forms in the chart, then go for a buy.
Stop loss may be set as per chart.
AUDCHF LONG POSITION COMING OUT OF A 3 YR CONSOLIDATIONThe Australian dollar vs the Swiss Franc are 2 slow moving yet volatile spiking currencies. Paired together they have an uncommonly smooth price movement, however the pair has been stuck in a 3 yr consolidation structure with a slow upward trend toward the monthly 38% level. Though a small move, a sure one up to around the 80 price level.
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
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.
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
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
AUDCHF aiming at resistanceDr Khansalarehsan, our professor of Forex channel proposed AUDCHF to be launch any time soon for a distance of 230 pips or so.
At closer inspection we now believe that it is possible for the price rocket to break resistance. We are all waiting impatiently for the canon mouth to accelerate the launch.
To be continued...
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.
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
AUDCHF rally likelyhood and strengthQuick analysis of AUD and CHF against an equally weighted basket of major currencies to validate earlier posted AUDCHF opportunity.
For a rally of AUDCHF we ideally have a situation where AUD increases in value and CHF loses value at the same time.
Looking at both indexes in the chart we can safely say that currently and the coming 6 weeks or so we have exactly what is requited, that with an occasional pullback of course.
