AUDCHF Will Go Higher From Support! Long!
Please, check our technical outlook for AUDCHF.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.605.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.606 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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AUDCHF trade ideas
TURN BY TURN | THE CROSSSNAP: AUDCHF (HEDGED) OANDA:AUDCHF | LONG | INTRADAY
The Story
I arrived at my desk at about 8:15 AM, ready to tackle the trading day. The only pair catching my attention in the Asian session was AUDCHF. Typically, I’m not a huge fan of the Swiss franc due to its tight trading range, but today was different. I decided to engage in the business that needed doing. Normally, I use the Swiss franc as a safe haven indicator, but today, I chose to buy the Australian dollar against it.
ECO SNAP
My economic calculator, which aggregates various economic aspects of countries, rates them to provide a comprehensive outlook.
Comparison
Australia:
Economic Outlook Score: +1.33
Highlights: The Australian economy benefits from low unemployment, a strong trade balance, and positive consumer confidence. However, there are some concerns regarding inflation, which is slightly above the target.
Switzerland:
Economic Outlook Score: +1.44
Highlights: Switzerland's economy boasts very low unemployment, controlled inflation, a strong trade balance, and positive consumer confidence. These factors contribute to a marginally stronger economic outlook compared to Australia.
Combined Analysis:
The Swiss franc (CHF) has a slightly higher overall score (+1.44) compared to the Australian dollar (AUD) (+1.33), indicating a marginally stronger economic outlook for Switzerland. Both economies show low unemployment and stable economic indicators, but Switzerland benefits from better inflation control and a lower interest rate environment, which supports economic stability.
Strategy
Today's strategy is straightforward: get in and get out quickly.
Interest Rate Differentials: We have interest rate differentials working in our favor, which typically benefits such trades.
Timing: Since it's Monday, and swaps are charged on Wednesdays and Fridays, there is likely no support for us between now and then.
Given these considerations, I will capitalize on the favorable conditions and execute my trades efficiently to maximize potential returns while minimizing risks.
Bearish reversal?AUD/CHF is rising towards the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 0.60815
Why we like it:
There is a a pullback resistance level which aligns with the 127.2% Fibonacci extension.
Stop loss: 0.60992
Why we like it:
There is a pullback resistance level which aligns with the 161.8% Fibonacci extension.
Take profit: 0.60287
Why we like it:
There is an overlap support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AUDCHF Trend Continuation Long TradeAUDCHF Trend Continuation Long Trade
1. Weekly Uptrend
2. Nice momentum bullish candles
3. Price above 20,50 and 200 MA
4. Trend Following indicator confirmation
5. BUY/SELL Indicator confirmation
6. 2% Risk, 2 x 1%
7. Stop Loss 2 x Daily ATR
8. Closing second trade at opposite signal/break of structure/big reverse candle
AUD-CHF Will Keep Growing! Buy!
Hello,Traders!
AUD-CHF is trading in an
Uptrend and the pair made
A bullish rebound from the
Support of 0.6040 which
Reinforces our bullish bias
And makes us expect
A bullish continuation
Buy!
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Check out other forecasts below too!
AUDCHF: Strong Bullish Pattern 🇦🇺🇨🇭
AUDCHF formed a classic bullish trend-following pattern.
After a strong bullish rally, the price initiated a correction within
a bullish flag.
Its resistance violation is a strong trend-following signal.
I think that the pair may retest 0.607 - current local higher high soon.
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AUDCHF LONG
Current Trend :
The AUD/CHF pair is showing a bullish trend with a recent breakout from a descending trendline. The current price is 0.60499, just above the 200-period simple moving average (SMA) at 0.59995.
Support and Resistance Levels :
Major Support: 0.60309, 0.60279
Major Resistance: 0.60531, 0.60766
Fibonacci :
Key Fibonacci retracement levels are drawn from the recent low to the high:
38.2%: 0.60385
50.0%: 0.60309
61.8%: 0.60279
The breakout of the descending trendline indicates a potential bullish reversal. Confirmation of this breakout, coupled with a rebound above the SMA 200 level, reinforces the idea of a bullish continuation. The Fibonacci levels provide reference points for placing Stop Loss and Take Profit orders, minimizing risk while maximizing potential gain.
Trade Signal: Sell AUDCHFDear Traders,
We have identified an opportunity to sell the AUDCHF currency pair based on thorough analysis and projections using our EASY Quantum Ai strategy.
Signal Details:
- Direction: Sell
- Enter Price: 0.60436
- Take Profit: 0.60211667
- Stop Loss: 0.60621667
Justification for the Signal:
The EASY Quantum Ai strategy uses advanced algorithms to analyze market trends, volatility, and momentum indicators. Here are some key factors behind this recommendation:
1. Technical Analysis: Key technical indicators such as moving averages and resistance levels point towards a bearish trend in the AUDCHF pair.
2. Market Sentiment: Current market sentiment indicates a stronger CHF compared to the AUD, driven by economic data and geopolitical factors.
3. Volatility Patterns: Historical data shows increased volatility around the current levels, suggesting a higher probability of downward movements.
4. Economic Indicators: Recent economic reports from Australia suggest economic challenges, adding pressure on the AUD.
Stay vigilant and ensure risk management practices are in place. Happy trading!
Best Regards,
AUDCHF: Bullish Outlook Explained 🇦🇺🇨🇭
I see 2 strong bullish signals on AUDCHF on a daily:
bullish breakout of a key horizontal resistance and a falling trend line.
Retesting the broken horizontal structure, the price formed a tiny double
bottom pattern on an hourly time frame.
We see a clear sign of strength of the buyers now.
The pair may keep growing to 0.6055
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AUD/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
Previous week’s green candle means that for us the AUD/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.596.
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AUDCHF Signal Alert: Action Required!Traders,
Our recent analysis suggests a SELL opportunity for the AUDCHF pair. Based on our advanced strategy, EASY Quantum Ai , we recommend the following trade parameters:
Direction: Sell
Enter Price: 0.60434
Take Profit: 0.60322333
Stop Loss: 0.60579333
Reasoning:
Several factors contribute to our bearish outlook:
- Economic Data: Recent economic indicators from Australia have shown signs of weakening, which is likely to put downward pressure on the AUD.
- Market Sentiment: Current market sentiment is favoring risk-off assets, and the CHF, being a safe-haven currency, is expected to strengthen against the AUD.
- Technical Analysis: The price movement has formed a bearish pattern on the charts, with further support from key resistance levels.
Considering the above factors, we advise entering the market at the specified Entry Price, and we have fine-tuned the Take Profit and Stop Loss levels to optimize your returns while minimizing potential risks.
Stay tuned for further updates, and trade safely!
Happy trading,
EASY Quantum Ai Team
AUDCHFFUNDAMENTAL: LONG /SHORT AUD 36/64 CHF 13/87
SENTIMENTAL ; SHORT /LONG 68/32
SEASONALITY AUD bullish ;CHF bearish
TECHNICAL ;At 4:00 hr. . timeframe printing higher high and higher low no bearish divergence
expected retracement to fair value gap area and to continue bullish trend
trade at your risk
Potential bullish rise?AUD/CHF has just bounced off the support level which is an overlap support that aligns with the 23.6% Fibonacci retracement and could rise to our take profit.
Entry: 0.60211
Why we like it:
There is an overlap support level which lines up with the 23.6% Fibonacci retracement.
Stop loss: 0.59896
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement.
Take profit: 0.60833
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish drop?AUD/CHF is reacting off the pivot which has been identified as an overlap resistance and could fall to the 1st support.
Pivot: 0.60608
1st Support: 0.60204
1st Resistance: 0.60817
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUD/CHF Best Area To Sell It To Get 200 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.