FX Wars Episode 3 - The revenge of the AUD (vs CHF)As a wise trader once said: "Trading is a simple game. What makes it so complicated is the presence of the SNB." In short and simple terms: I'm buying the AUD against the CHF for a long-term swing trade. The reasons for this are short and sweet: - As predicted back in February, Swiss inflation fell below 2% in July. - As predicted, Swiss inflation fell much faster than the SNB had expected (currently at 1.4%) - As predicted, the SNB raised interest rates for the last time in June and paused in September - Tomorrow the SNB will not raise rates, but the market will start to price in possible SNB rate cuts for 2024 - My forecast: 1st rate cut by the SNB in 2024 will be by March or June - As predicted in this trade idea, the Swiss economy is increasingly weakening and flirting very aggressively with a possible recession, which would seal 2-3 possible rate cuts in 2024 Longby PrimeTradingUpdated 2210
AUD/CHF IS on The Support LineIn the 4-hour time frame, AUDCHF has recently reached both the trend line and the Ichimoku cloud. This confluence suggests a bullish outlook, with potential for further upside movement. The initial target for this upward trend could be around 0.60400. Longby Masoud4021
AUDCHF : BULLISH CONTINUATION- The market has been trading inside a bullish channel since the end of February ; the mid-term bullish. - The bounce back over the 0.5915 zone has recently ended the very short-term corrective move. Since then, the market registered a bullish acceleration towards its last top at 0.5989. Both moving averages remains bullish, but the MACD indicator shows a short-term bearish divergence. - The pair clearly remains in its mid-term bullish trend. Directionality is increasing as the negative correlation between AUD and CHF tends to grow. However, on the very short-term, it seems that the market is losing its momentum. With that in mind, it is possible that the market will register a limited pull-back, probably towards 0.5967 or 0.5950, before reaching new highs around 0.6011 and 0.6040. Pierre Veyret, Technical Analyst at ActivTrades The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.Longby ActivTrades2
AUDCHF Potential MoveI've been studying Elliott Wave Analysis and I somewhat understand it. If possible, please provide any advice using this strategy please in the comments sections below. Now, if my analysis is correct then price has complete wave b and will go on to create wave c. I have placed target points below as TP1, 2, & 3. I selected these areas because of my understanding of order blocks. Please comment and lets continue to grow as a community. Be blessed and keep trading.Shortby YvYc_Always0
AUDCHF-Long IdeaPrice has broken out of weekly trend line and has also broken the weekly swing high, will be looking for longs if the price taps bullish zone. Based on just technicals.Longby Just-Technicals0
AUDCHF BUY Hey traders, this is Rogue_Trader007. I have spotted AUDCHF as a good BUY because it has a strong support level at 0.786 Fib level, which is also a hidden Divergence when combined with 14 period RSI. This makes a great entry as it usually shoot towards the 1.272 Fib level. Making this a strong BUY. Enjoy following this idea and remember that patience is key in FOREX.Longby Rogue_Trader007Updated 2
AUDCHFAUDCHF is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH. What you guys think of this idea?by JustTradeSignals2
Bullish MoveIn the 30-minute time frame, AUD/CHF has recently breached a key resistance level. Following a brief pullback, we anticipate a bullish movement towards the target of 0.59880. Longby Masoud4020
AUDCHFGood evening traders!! I hope you all are having a beautiful trading week so far, this is my latest analysis on USDCHF at the week is starting!! by Guiry_trades0
Swing buyPrice is on a bullish trend, the retracement at OB and liquidity sweep is used to confirm entry, additional confluence is pivot point. Longby ebunkunyogbenga112
AUD-CHF Growth Ahead! Buy! Hello,Traders! AUD-CHF is trading in an Uptrend and the pair is now Making a local pullback To retest the horizontal Support of 0.5919 so After the retest we will Be expecting a further Move up because we Are bullish biased Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals114
UADCHF H4 IDEAPrice is currently trending bullish and closed at 0.59252. A discount zone of the new H4 range. A buy opportunity is envisaged from the current market price to previous week high.Longby Cartela1
AUDCHF - wait for 78.6Area of interest - 78.6 fib - Daily Resistance Alert set, and look for Price Action confirmationShortby howard25350
✅AUD_CHF TECHNICAL ANALYSIS|LONG🚀 ✅AUD_CHF is now retesting a strong support level around 0.5913 After a local correction move And I think that we will see A rebound and a move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx114
AUD/CHF SHORT FROM RESISTANCE 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 0.581. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals112
AUDCHFi found a bullish divergent and what i see is 'chart pattern' i think this price still strong uptrend disclaimer i just share a chart pattern this is what i think what i see this is not a signal be smart thanks!Longby dorissim222
AudChf ShortI am looking to short AudChf as it has broken the trend line and is retesting the previous support/resistance zone. Should it break above the last resistance then my setup will be invalid.Shortby JuventiniusTheGreatUpdated 2
AUDCHF 1D Golden Cross signaling a decline. Best sell in market.The AUDCHF pair has just formed a Golden Cross on the 1D time-frame but even though it is theoretically a bullish structure, it hasn't historically behaved as such for this pair. We view its effect on the 1W time-frame in order to go as back in time as possible and get conclusions. In the past 10 years (since the May 2014 1D Golden Cross, which was bullish) there have been 5 such formations, all of which made the pair peak either before or on the Cross and delivered a Lower Low, in some instances even with brutal sell-offs. In the last 2 occurrences, the 1D Golden Cross started Channel Down declines that both hit at least the 1D MA200 (orange trend-line) again before any trend change. As a result, we comfortably turn bearish now on AUDCHF, targeting the 1D MA200 by August. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot2
AUDCHF: Classic Trend-Following Confirmation 🇦🇺🇨🇭 AUDCHF is trading in a bullish trend. After the price set a new higher high on a daily, the market retraced to a key horizontal support. This morning, the price formed a tiny cup & handle formation on that. Its neckline was broken after a release of CHF fundamentals. We can expect a trend-following movement now. Goal - 0.59766 ❤️Please, support my work with like, thank you!❤️ by VasilyTrader113
Short Oportunity on AUDCHF on Daily Supply ZoneNew trade following the plan. After price reached daily supply, the 1 Hour timeframe showed a supply followed by a big imbalance. Let's hope price gets back and goes in our favor. Entry -> 0.59814 Stop Loss -> 0.59940 Take Profit -> 0.59562 ( 2:1 )Shortby DCAwithAndre2
AUDCHF Mean reversion short at H4Using Currency strength index at h4 and FVG at h1. Expecting the prices to go and touch yester day spike at 5mintShortby JZH1230