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Audchflong

Choppy Price Action Sparks Speculation of Upcoming Market ShiftWe are currently witnessing a gradual descent from the Monthly spike that occurred in February 2020. On the lower time frames, the price action has become quite choppy, with each new low promptly followed by a quick retracement upward. This choppy behavior suggests the possibility of a long-term reversal in the making. I have identified two key targets that the price might aim for before experiencing a potential upward movement. The first target is a weekly support/low level at 0.562, while the second target is the 2020 spike low at 0.532. Personally, I believe that 0.562 might serve as a more reasonable target. Therefore, I am planning to gradually build a position as the price approaches this level. Nevertheless, it's essential to be prepared for the possibility that the price might not reach that far down. Consequently, I will start monitoring daily signals on my TRFX indicator as the price falls below 0.575. My trading strategy for this trade will be to focus on the SUPPLY/SELL zone, clearly marked in red on the chart, starting around 0.61. I anticipate that the price will be drawn towards this level. As for the stop loss placement, it will depend on the precise signal I receive, but it will definitely be set below 0.56. This approach is aimed at managing potential risks effectively.
Long
by TheFxAce
15
Aud Chf LongA reversal analysis for the AUD/CHF currency pair from the 57518 level involves examining the historical price action, identifying potential reversal points, and analyzing relevant technical indicators to assess the probability of a reversal occurring. Please note that as an AI language model, I don't have access to real-time data, so the analysis provided here is based on hypothetical scenarios and the knowledge available up to September 2021. Historical Context: First, let's take a look at the historical price movement of the AUD/CHF pair leading up to the 57518 level. We need to consider both long-term and short-term trends to get a comprehensive understanding. Key Support and Resistance Levels: Identify significant support and resistance levels on the chart. These levels can act as crucial reference points and can provide insight into potential reversal areas. Candlestick Patterns: Analyze the candlestick patterns at the 57518 level. Look for key reversal patterns like doji, hammer, shooting star, or engulfing patterns. These patterns can signal potential reversals. Momentum Indicators: Review momentum indicators like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD). Divergence between price and the indicator can indicate a potential reversal. Volume Analysis: Examine trading volumes around the 57518 level. Significant volume spikes or divergences can provide clues about possible changes in market sentiment. Fibonacci Retracement: Apply Fibonacci retracement levels from recent swing highs to lows to identify potential support or resistance levels that coincide with the 57518 level. News and Events: Consider any upcoming economic data releases or geopolitical events that might impact the AUD/CHF pair. Sudden news can trigger sharp reversals. Sentiment Analysis: Evaluate market sentiment through sources like CFTC Commitments of Traders (COT) report or sentiment indicators. Extreme sentiment can indicate a potential reversal. Timeframe Analysis: Assess the reversal analysis across different timeframes (daily, weekly, monthly) to get a more comprehensive view. Remember that a reversal analysis is not a guarantee of future market movement. It is crucial to use risk management techniques, set stop-loss orders, and combine multiple analyses before making any trading decisions. Additionally, consulting with a qualified financial advisor or professional trader is recommended for personalized guidance based on current market conditions.
Long
by realtrademaster
7 Dimension analysis for AUDCHF 😇 7 Dimension Analysis Analysis Time Frame: Daily 1: Price Structure: The current price structure is bearish, characterized by a Breakout from Sideways (BoS) behavior. The move is impulsive and nearing completion, with a major weekly demand area acting as support. The inducement is not yet confirmed, and there have been 3 pullbacks during the last corrective leg. Notably, there are no unmitigated order blocks during the entire impulsive leg, indicating no significant resistance until the Choch level. Confluence is observed on the daily, weekly, and monthly time frames, with a demand zone present in the same area. 2: Pattern 🟢 TREND LINES: Trend lines are acting as resistance levels, and a closing above them will provide final confirmation. 🟢 CHART PATTERNS: A potential Head and Shoulders pattern is forming, but a massive volume and engulfing bar at the last leg's low point add complexity. Additionally, there is a weekly liquidity sweep and a Fakeout Within 1 Bar pattern. These patterns suggest that the price may move sideways from here to form a proper demand base. 🟢 CANDLE PATTERNS: A Change in Guard pattern appeared at the bottom, indicating a potential reversal. Momentum (Engulfing) occurred with massive volume, adding to the potential bearish reversal signal. Momentum Fakeout Reversal also occurred with significant volume. A Narrow Range is forming with 3 candle squeezes yet to be confirmed. The last corrective and current impulsive candles are inside the reversal candle. Today's session opened low but experienced bullish control throughout the day. 3: Volume: Volume on the Fakeout is good, indicating significant market interest. Volume on the demand is heavy at the initial point, showing strong buying activity. 4: Momentum RSI: 🟢 Zone: The RSI is currently in a sideways zone. 🟢 Range Shift: Initially sideways to bullish. 🟢 Divergence: Hidden divergence with low momentum observed. Momentum has been holding in the bullish zone for a prolonged period. 5: Volatility Bollinger Bands: 🟢 Middle Band: A resistance breakout will be crucial for the initial upside move. 🟢 Squeez: Just started, suggesting potential low volatility ahead. 🟢 Headfake: Only one candle so far, not yet confirmed. 6: Strength ADX: The trend is currently bearish. But initial reversal can start from this zone 7: Sentiment ROC: The rate of change indicates that AUD is gaining strength. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish ☑️ Current Move: Impulse Move with one Choch. ✔ Support Resistance Base: Weekly support area and Fakeout. ☑️ Candles Behavior: Engulfing pattern making a valid low ☑️ FIB Trigger Event: Activated. ☑️ Trend Line Breakout: Confirmed. ☑️ Final Comments: Consider buying as an initial test entry. 💡 Decision: Buy 🚀 Entry: 0.5850 ✋ Stop Loss: 0.5795 🎯 Take Profit: 0.6090 😊 Risk to Reward Ratio: 1:3 🕛 Expected Duration: 5 Days Summary: The analysis suggests a bearish price structure with an impulsive move nearing completion. Various chart patterns and candlestick formations add complexity to the overall scenario. The RSI indicates a sideways zone, and the ADX confirms the bearish trend. A potential bullish entry is identified based on the current move, support resistance, and FIB trigger event. The risk-to-reward ratio is calculated at 1:3, and the expected duration for the trade is 5 days.
Long
by Optimum369
Aud Chf Long In this analysis, we will focus on the AUD/CHF forex pair within the limits of 0.57889 to 0.57408, aiming to identify potential signs of a bullish reversal. This range implies a downward movement in the pair's price, and we will assess the technical and fundamental factors that could contribute to a potential bullish reversal within this specific range. Technical Analysis: a. Support Level: The lower limit of 0.57408 represents a significant support level, where the pair's price has previously shown a strong tendency to bounce back upwards. This level indicates a potential area where bullish reversal patterns could emerge. b. Oversold Conditions: Utilizing oscillators like the Relative Strength Index (RSI), we observe if the AUD/CHF pair is oversold within the specified limits. An RSI reading below 30 or displaying bullish divergences suggests that selling pressure may have exhausted, setting the stage for a potential upward movement. c. Candlestick Patterns: Analyzing candlestick patterns, such as hammer, bullish engulfing, or morning star, can provide further insights. If these patterns appear near the lower limit, it may indicate a bullish reversal signal, reflecting buyers' emergence and potential price recovery. Fundamental Analysis: a. Macroeconomic Factors: Monitoring relevant economic developments in Australia and Switzerland can contribute to a bullish reversal analysis. Positive factors may include an improvement in Australian economic indicators like GDP growth, employment data, or increased consumer confidence. Additionally, favorable Swiss economic data, such as strong exports or positive monetary policy actions, can also support a bullish outlook. b. Central Bank Policies: Monitoring the monetary policies of the Reserve Bank of Australia (RBA) and the Swiss National Bank (SNB) is crucial. Any hints of a dovish stance by the RBA or a hawkish tone by the SNB can impact the AUD/CHF pair's dynamics, potentially favoring a bullish reversal. c. Market Sentiment and Risk Appetite: Assessing broader market sentiment and risk appetite is essential. If global markets exhibit a positive risk-on sentiment, characterized by increased investor confidence and a preference for riskier assets, it can positively influence the AUD/CHF pair's performance and contribute to a bullish reversal. Conclusion: Considering the technical analysis indicators such as significant support levels, potential oversold conditions, and relevant candlestick patterns, coupled with positive fundamental factors like improved economic indicators and supportive central bank policies, there is a possibility of a bullish reversal within the specified limits of 0.57889 to 0.57408 for the AUD/CHF forex pair. However, it is crucial to monitor ongoing market developments and adapt the analysis accordingly, as forex markets are subject to volatility and unforeseen events that may impact price movements.
Long
by realtrademaster
AUDCHF - Has A Bullish Falling Wedge Chart Pattern Formed?Analysis: Looking at the charts we can see that price seems to not know where it wants to go. One minute it's heading to the upside and the next it's heading to the downside. This can make it quite hard to trade during these times but we see a setup occurring on this pair. Price recently has been heading to the downside however we are actually bullish on this pair and we think that a breakout to the upside will occur. Where price is currently we have marked out a strong area of previous support. When this level was touched in the past, we saw a huge strong bullish move happen, so we expect that this will happen again, as key levels tend to hold more then once and this level has be held 3 times, making it a very strong support level. To add to our idea, on the higher timeframe, we can clearly see a bullish falling wedge forming. This is a bullish chart pattern which is often followed by a breakout to the upside so this is what we expect to see happen on this pair as this is the pattern that we have. We're also at the bottom trendline of the chart pattern so we expect that there will be some bullish pressure around this area which will hold price and push it to the upside. All of these technical confluences together line up to give us a bullish bias on this pair but lets take a look at the fundamentals. Fundamentally the AUD is the 2nd weakest major currency whereas the CHF is the 3rd weakest major currency so this slightly goes against our idea, however overall we are bullish on this pair. Tomorrow we have some news coming out for the AUD which could give us the catalyst that we need to see price breakout to the upside. This isn't the best looking setup by any means and it does go against the trend slightly however it's still to our trading plan so it's still valid. It doesn't matter how the setup looks, all that matters is the result. As long as you stick to your trading plan and let your edge play out, you'll be profitable. Not every setup will look perfect and the sooner a trader learns this the sooner they will become profitable. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
28
AUDCHF - Breakout Of The Downwards Trend!Analysis: Looking at the chart we can see that we were in a strong downwards trend however at the start of June we were able to break out of this trend and put in a higher high which shows us that the bears have lost control of the market and the bulls are taking over. We have more confluence that price broke out of this downwards trend when we see that the downwards trendline was broken. Price is now pulling back to an area where we previously saw key resistance which we now expect will hold as support as this very often happens. To give added confluence that this area will hold we have the 61.8% fib retracement level which is often classed as the strongest fib level so we expect that around this area we will see buyers sat, wanting to enter into long positions and push price higher. Taking a look at the fundamentals the AUD is the 6th strongest major currency where as the CHF is the 5th strongest major currency so there isn't really much in it here and it actually slightly goes against out thesis but when we dig a little deeper we find out why we prefer the AUD over the CHF. As of the most recent filling for institutional positions we saw a decrease in both long and short positions on the AUD which isn't positive but it also isn't negative. If we take a look at institutional positioning on the CHF we see that as of the most recent filling there was a decrease in long positions and an increase in short positions showing us that the CHF might have some bearishness on the way. From the SNB press conference that we had on Thursday things didn't look too good for the CHF which is another thing keeping us away from going long on the CHF. On this coming Wednesday we have CPI coming out for the AUD which could be the catalyst that we need to rocket price higher so this is what we will be watching out for but for now we have all of the confluences we need to be bullish on AUDCHF which is why we have a long bias on this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
38
AUDCHF | Bullish Divergence | BullishAccording to my analysis, AUDCHF is currently in a downtrend. However, there are indications of a potential bullish reversal. Firstly, there is a Hidden Bullish Divergence observed on the 1-hour timeframe. This occurs when the price of an asset forms higher lows, while the corresponding indicator, in this case, AUDCHF, shows lower lows. This suggests a potential shift in momentum towards an upward movement. Additionally, there is an Inverse Head & Shoulder pattern formation, which further supports the potential reversal zone. The Inverse Head & Shoulder pattern is a bullish chart pattern characterized by three lows, with the middle low being the lowest (the "head") and the other two forming the "shoulders." This pattern indicates a potential trend reversal from bearish to bullish. Considering these indications, there is a possibility that the price of AUDCHF will soon move upwards. However, it's important to note that technical analysis is not foolproof, and other factors such as market conditions and fundamental analysis should be taken into account when making trading decisions.
Long
by awaisulabdeen
AUDCHF - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on AUDCHF. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalances lower and then to reject from bullish order block. Fundamental analysis: Tomorrow we have news on AUD, will be released Unemployment Rate. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
AUDCHF LONG Following the unexpected rate hike by the Royal Bank of Australia (RBA), the Australian dollar is enjoying strong bullish momentum though it’s a correction in a larger bearish trend. Further, a general weakening of the Swiss franc across major pairs fuels this bullish correction targeting the 0.62 region. Presently, we are awaiting a change of character on the daily time frame and then a minor bearish correction as buy orders are picked at the 0.58-0.59 price handles. Our targeted exit is the 0.62 region.
Long
by morrisgitau
AUDCHF - Short from bearish order block ✅Hello traders! ‼️ This is my perspective on AUDCHF. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.60000. Fundamental analysis: Tomorrow will be released monthly CPI on CHF, pay attention to the result in order to validate or not the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
5