Get started

Audchfshort

AUD/CHF short trade ideaUpside for now remains capped at 0.74 handle and we see breakout there to see further gains. On the flipside, the pair is trading below all major moving EMAs. Break below 0.73 handle will see resumption of weakness. We then see scope then for test of 0.7220 (88.6% Fib). Support levels - 0.73 (psychological level), 0.7285 (78.6% Fib retrace of 0.7146 to 0.78 rally), 0.7220 (88.6% Fib) Resistance levels - 0.7384 (5-DMA), 0.74 (psychological level), 0.7480 (1H 200-SMA) Good to go short around 0.7370, SL: 0.7425, TP: 0.73/ 0.7285/ 0.7220
Short
by FxWirePro
AUD/CHF Daily Update (19/10/17)Moving into the upper band of the range movement that is happening for weeks. Do not expect much gains from it until a clear winner from the range. Till then, we can trade the bounce from a resistance to a support. Disclaimer : This analysis does not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose
Short
by imjmesl