Audchfshort
AUDCHF about to retest resistance with pullbackAUDCHF about to retest resistance with pullback
RSI overbought
Looking bearish
Love to hear your thoughts and ideas.
This is for my personal research
AUD/CHF eyes channel base at 0.71, stay short AUD/CHF extends grind lower along 5-DMA, hits 2-year lows at 0.7130.
Technical analysis supports bearish bias, we see scope for further weakness.
Upside remains capped at 5-DMA and major moving averages are sloping downward.
Momentum studies are highly bearish, RSI biased lower and below 50 levels.
Price is falling in a downward sloping channel and next major bear target lies at channel base at 0.71 levels.
On the flipside break above 5-DMA finds next major resistance at 21-EMA at 0.7244.
Violation at channel top reverses downtrend in the pair.
Support levels - 0.7130 (session low), 0.71 (channel base), 0.7032 (2016 low)
Resistance levels - 0.7169 (5-DMA), 0.7246 (21-EMA), 0.73
Stay short on upticks, SL: 0.7175, TP: 0.71/ 0.7035
AUDCHF approaching support, potential bounce! AUDCHF is approaching our first support at 0.7149 (horizontal swing low support, 50%, 61.8%, Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7288 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension)
Stochastic (89,5,3) is also approaching our resistance and a reaction below this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7278 (horizontal pullback resistance, 50%, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7152 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias.
Stochastic (55,5,3) is also approaching our resistance and a reaction below this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURUSD is approaching our first resistance at 1.1511 (horizontalEURUSD approaching resistance, potential drop!
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7278 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7152 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias.
Stochastic (21,5,3) is also approaching our resistance and a reaction below this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7266 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7176 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias.
Stochastic (34,5,3) is also approaching our resistance and a reaction below this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHF approaching resistance, potential drop! AUDCHF is approaching our first resistance at 0.7266 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7176 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias.
Stochastic (34,5,3) is also approaching our resistance and a reaction below this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Weekly Bear sash and death cross - expect 250 pips dropPrice below the cloud - Bear market
Bearish tenkan kijun cross below the cloud
Future cloud - Bearish
Trendlines after CLOSE
Targets after Fib extensions
Tail of Bear sash pattern and kumo clouds act as resistance.
AUDCHF approaching support, potential bounce! Price is approaching our first support at 0.7316 (Horizontal swing low support, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7392 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension).
Stochastic (55,5,3) is also approaching support and a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDCHF - Bearish evening star on dailyThere was Evening Star and Bearish Harami on AUDCHF daily. I expect it to drop all the way down to 724.57. Fine bearish Ichimoku setup on daily. I just tuned up to hourly for intraday entries.
AUD/CHF slumps, 'Shooting Star' suggests further declinesAUD/CHF extends weakness after upside was rejected at daily cloud.
We evidence a 'Shooting Star' pattern formed on the daily charts which supports further weakness in the pair.
Price action has retraced below 21-EMA and 5-DMA, eyes major trendline support (Triangle Base) at 0.7280.
Breach at 'Triangle Base' raises scope then for test of 0.7242 (2018 lows).
Bearish invalidation only on break above cloud base.
Support levels - 0.73, 0.7280 (trendline), 0.7263 (Mar 28 low), 0.7242 (2018 lows till date)
Resistance levels - 0.7366 (5-DMA), 0.7370 (21-EMA), 0.74
Good to stay short on upticks, SL: 0.7375, TP: 0.73/ 0.7280/ 0.7245
AUDCHF SELL (TARGET 1: +43 PIPS & TARGET 2: +86 PIPS) If you like what you see, please like and follow me BELOW !
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AUDCHFAussie weak for the while might make it to the Target before turning up as they always do up down up down fighting with each other all the time or just taking turns
Best time to buy is on Pull back some reckon cheaper, but i like to see break of Support and Monentum helps and News Helps and Patterns do help it all comes into play really just starting to understand that.
Being able to Predict the next Supprot or Resistence is the best thing thing which i can now do i feel after many months years on and off pouring over charts and watching Youtube Vids and trying to put 2 and 2 together.
still havn't made any money yet though Ha ! maybe soon.
You don't have to take that long if some one teaches you though.
Can someone tell me why Aussie has been so weak lately Cheers
AUDCHF - Possibility for downward movementBased on daily, weekly and monthly candle, chances are price got rejected by resistance zone and preparing for retest the space inbetween. In my opinion a short trade has the best probabilities here.
*** 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 ShortWaiting for the bounce before the possible bearish slide of this pair if not by Friday, by next week, based on price action from the weekly chart as well as the bearish effect on most AUD pairs in general due to recent USD strength from rising US yields and general hawkishness of the Fed. Setting up sell stop order @0.74069 with TP near the weekly trendline support @0.731 and SL just a few pips above this week's resistance @0.746.
www.poundsterlinglive.com
www.fxstreet.com
www.forexlive.com
Daily:
Weekly:
Confidence: B (risk of getting whipsawed, better to enter this trade after Personal Consumption & GDP news on Friday)
AUDCHF - Bat Pattern Completed on 15-min ChartVery short-term trade, this post is slightly late.
A bearish bat pattern has already completed.
I have shorted this pattern.
R:R at about 1.1 and 1.9. Good luck.
