AUDCHF Base Drop BaseOverall, the price remains bearish. We predict that the price will continue to fall to its strong support level at 0.588.
TP: 0.58700 (+2)
SL: 0.59750 (35 pips)
CHFAUD trade ideas
Audchf is bearishThe exchange rate between the Australian Dollar and the Swiss Franc is heavily influenced by global economic conditions, such as changes in inflation, interest rates, government policy, and geopolitical events. Additionally, the AUD/CHF pair is sensitive to currency-specific factors, such as changes in public debt levels and economic indicators specific to both countries.
bullish long termvery bullish on this pair usually dont trade this pair but this set up is great for a bullish move? share your thoughts
AUDCHF: Strategic Shorts Awaiting Key PullbacksTechnical Analysis:
Weekly Chart: Last week's price action shows a clear shift in sentiment with a lower low and lower close, indicating potential for short positions on lower timeframes. In the long run, I believe the price is heading towards the next key area around 0.5869/61.
Daily Chart: The daily price action is a bit complicated as it currently interacts with the 61% Fibonacci level. However, Friday's price action shows a clear rejection from the upside, aligning with the weekly sentiment for short positions on the lower timeframe. In the week ahead, if the price continues to decline, the next area of caution would be the 78% Fibonacci level around 0.5908.
4-Hour Chart: Combining the weekly sentiment with the daily, it seems we are well-positioned for a short position. However, we won't rush into shorts unless the price reaches a key level for a pullback. On the 4-hour chart, there are two potential entry plans:
Plan 1: Since the current price action on the 4-hour chart is consolidating, we would like to see a pullback towards the top of the range and then target the bottom.
Sell Limit Entry: 0.5960/62
Stop Loss: Above 0.5967
Target: 0.5934/29
Plan 2: If the price doesn't pull back to the top of the range and instead breaks through the support, we should wait for the price to come back and retest the newly turned support-turned-resistance around 0.5929.
Sell Limit Entry: 0.5929/34
Stop Loss: Above 0.5940
Target(s): 0.5908, 0.5870
Fundamental Analysis:
There’s not much happening with AUD except for the Flash Manufacturing PMI on Wednesday, July 24th. On the other hand, CHF remains strong due to the current de-risking theme.
Hope you have a fantastic week ahead. Happy trading!
AUDCHF: Double Short Opportunities on Key LevelsTechnical Analysis:
Weekly Chart: Last week's price action shows a clear shift in sentiment with a lower low and lower close, indicating potential for short positions on lower timeframes. In the long run, I believe the price is heading towards the next key area around 0.5869/61.
Daily Chart: The daily price action is a bit complicated as it currently interacts with the 61% Fibonacci level. However, Friday's price action shows a clear rejection from the upside, aligning with the weekly sentiment for short positions on the lower timeframe. In the week ahead, if the price continues to decline, the next area of caution would be the 78% Fibonacci level around 0.5908.
4-Hour Chart: Combining the weekly sentiment with the daily, it seems we are well-positioned for a short position. However, we won't rush into shorts unless the price reaches a key level for a pullback. On the 4-hour chart, there are two potential entry plans:
Plan 1: Since the current price action on the 4-hour chart is consolidating, we would like to see a pullback towards the top of the range and then target the bottom.
Sell Limit Entry: 0.5960/62
Stop Loss: Above 0.5967
Target: 0.5934/29
Plan 2: If the price doesn't pull back to the top of the range and instead breaks through the support, we should wait for the price to come back and retest the newly support-turned-resistance around 0.5929.
Sell Limit Entry: 0.5929/34
Stop Loss: Above 0.5940
Target(s): 0.5908, 0.5870
Fundamental Analysis:
There’s not much happening with AUD except for the Flash Manufacturing PMI on Wednesday, July 24th. On the other hand, CHF remains strong due to the current de-risking theme.
Hope you have a fantastic week ahead. Happy trading!
AUDCHF Is Approaching The UptrendHey Traders, in tomorrow’s trading session we are monitoring AUDCHF for a buying opportunity around 0.59300, AUDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.59300 support and resistance area.
Trade safe, Joe.
AUD/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are going short on the AUD/CHF with the target of 0.595 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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AUDCHF Possible BUY AreaAUDCHF completed a W FCP pattern. This made the price fall. It has fallen hard and could possible be going towards the area where we have confluence of an FCP zone and 2 trend lines. This can be a good Buy area for a possible bounce up.
As always wait for the confirmation on the smaller time frame.
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Possible trade idea for AUD/CHFSo when we look at the chart we can see that the price has broken a trendline and that we are now retesting this trendline.
What I want to do here is to see and go short. We do have to wait for the opening and wait for the London session to see what the price is going to do. But for now this could be a very nice trade to take here.
We also have a support zone that we can see on the chart that was respected heavy in the past so if we do see that the price is going down I will be looking at this support zone to see what it will do.
AUD/CHF BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
It makes sense for us to go long on AUD/CHF right now from the support line below with the target of 0.602 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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AUDCHF ShortDaily Bias Ranging
Fundamental Analysis
CHF bullish AUD Bearish
Price Action:
Price broken below the H4 S/R Level and close. Price has retrace back into the H4 S/R level and broken the H1 support level and close below it. Price is bearish from the H4 S/R Level. Price then break the H1 support level from ascending triangle. Price heading lower from price action.
Confluence:
Higher TF (W/D/H4) - Broken support level, getting close to bearish trendline
Lower TF (H1/M30/M15) - broken S/R level and broke support trendline of ascending triangle
Set up: Short trade at the S/R level H1 with SL above H1 swing high. TP at Range support level R:R 1:4
AUD-CHF Risky Long! Buy!
Hello,Traders!
AUD-CHF is falling down
And the pair is locally
Oversold so after the
Pair retests the rising
Support below we will
Be expecting a local
Bullish rebound
Buy!
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AUDCHF Analysis: Bearish Reversal Expected to 0.5995-0.5932 After a robust bullish trend, AUDCHF is showing signs of a significant pullback. Based on key technical indicators and chart patterns, I anticipate a bearish reversal targeting the 0.5995-0.5932 and 0.5900 areas, with a stop loss at 0.6150.
Reasons for Short-Selling AUDCHF:
Overbought Conditions: The recent rally has pushed AUDCHF into overbought territory, as indicated by the RSI. This suggests that the upward momentum is waning, and a corrective move is imminent.
Resistance Level: The pair has encountered a strong resistance zone near the recent highs. This resistance has been tested multiple times, failing to break through, indicating potential selling pressure.
Bearish Divergence: There is a noticeable bearish divergence between the price and the RSI, signaling that the bullish momentum is weakening and a reversal is likely.
Fibonacci Retracement: The pullback aligns with key Fibonacci retracement levels, reinforcing the likelihood of a bearish move towards the 0.5995-0.5932 and 0.5900 areas.
Volume Analysis: Decreasing volume during the recent upward movement suggests a lack of buying interest, which often precedes a trend reversal.
Trade Setup:
Entry: Look for short-selling opportunities around the current levels.
Targets: Aim for 0.5995, 0.5932, and 0.5900.
Stop Loss: Place your stop loss at the 0.6150 area to manage risk.
This setup presents a high-probability trading opportunity based on comprehensive technical analysis. Keep an eye on these levels and stay updated for more insights and detailed analysis!
Feel free to adjust any details based on your specific observations and analysis. kindly (DYOA)
AUDCHF - BEARISH RISING WEDGEHello Traders !
The EURCHF failed to create a new higher high
The price formed a rising wedge.
Currently, The support line is broken !
So, I predict a bearish move📉
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TARGET: 0.59780🎯
AUDCHF The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for AUDCHF below:
The price is coiling around a solid key level - 0.5989
Bias - Bearish
Technical Indicators: Pivot Points Lowanticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.6013
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
AUDCHF Channel Up intact. This pull-back is a buy opportunity.The AUDCHF pair is on the 3rd straight day of a strong short-term pull-back and just touched the 1D MA50 (blue trend-line) for the first time in almost 3 weeks. The long-term bullish trend remains intact though as the dominant structure is a 7-month Channel Up.
As long as the 1D MA200 (orange trend-line) holds, we will remain bullish, targeting 0.62250 (+6.20% Bullish Leg, similar to the previous two).
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AUDCHFhi everyone
here i just share about market structure
we called "market repeat it self"
let see where the retest area ?
the point is : trend already change from bull to bear !
AUDCHF Short Trade at major resistance rejectionAUDCHF Short Trade at major resistance rejection at break of uptrend structure
1. Broken structure
2. Strong resistance
3. 2% risk
4. R:R 2,7:1
5. Scale out at TP and the B/E on 2nd half
6. Close on opposite signal
7. 7 bar time stop
8. Strong bearish signal as a trend change
AUDCHF FALSE BREAK OUTmy analysis is just base on what i think is right ,
Up Trend , near the rejection area pull back ,
i doubt that
2024-07-16 - AUDCHF BearishAUDCHF chart has a inverted cup and the trader sentiments are also biased towards sell
No Divergence
Inverted Cup
Sentiments: Sell 87%, Buy 13%
Seasonal: Neutral
AUDCHF is BearishPrice was in a strong upward trend, however a bearish divergence emerged on four hourly time frame, which first led to the break of ascending trendline, and then price also broke previous lower high, indicating that bears are assuming control of the price action. Price is currently defining a lower high, and if it manages to break freshly printed lower low then we can expect a bearish rally. Targets are mentioned on the chart.
AUDCHF: Bullish Continuation is Expected! Here is Why:
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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AUDCH Pumping BearsI sent this analysis last week. Audchf price quickly advancing to the downside, stop losses at breakeven
