AUD/CHF - Potential Bullish ReversalThe AUD/CHF pair has been forming a recovery after bouncing off the 38.2% Fibonacci retracement level at 0.5643, following a sharp downtrend. Currently, the price is trading around 0.5840, indicating a potential breakout from the downtrend channel.
Key Resistance Levels:
0.5814 (61.8% Fib retracement)
0.5900 (Top of the downward sloping trendline)
0.6090 (Previous swing high)
Key Support Levels:
0.5728 (50% Fib retracement)
0.5625 (Horizontal support)
The breakout above 0.5814 signals a potential bullish continuation, targeting the upper trendline near 0.5900 . If the price can break through this level, the next major target will be 0.6090 . However, a rejection here could result in a retest of support at 0.5728.
RSI is pointing upwards, suggesting momentum is in favor of the bulls, though it is nearing overbought territory. Volume also supports a potential upward move, but caution is advised at key resistance areas.
CHFAUD trade ideas
AUDCHF BROKEN CHANNEL Sell opportunity after break of channel. Strong bearish momentum candle on the 4hr chart. Unless this is a fake break out I'm looking for a sell entry after the retest of the channel.
Sell limonite order set.
This is not trading advice. This is my personal analysis. Trade at your own risk.
AUDCHF Uptrend ContinuesContinuation of Sept. 11th trade analysis.
1. Weekly double bottom chart pattern identified
2. Fib levels line up with S&R zones
3. Original 9/11 trade analysis successful and price action confirms trade is moving towards weekly/Monthly key levels which has been calculated from the completion of the pullback and the continuation of the trend thereafter.
4. Re-enter at break of resistance 0.57950
AUD-CHF Bearish Breakout! Sell!
Hello,Traders!
AUD-CHF was trading in an
Uptrend but now we are
Seeing a breakout from an
Opening wedge pattern
So we are bearish biased
Now and we will be expecting
A local move down
Sell!
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Check out other forecasts below too!
AUDCHF SELL TO BUY IDEAWatching for price to clear out trendline liquidity on this pair, down to our entry at the support level for more upsides, to our TP1( purple resistance area) and possibly TP 2 levels, this is not a trade signal, rather a possible trading opportunity, use suitable risk management if you agree with my idea
Another additional confluence would be the inverse head and shoulder pattern pictured on the chart, we are now watching for price to retest the neckline for a bullish move
AUD/CHF Channel Breakout: Long Opportunity on the HorizonIn the AUD/CHF pair, we’ve seen a decisive break and close above the descending channel. On the weekly chart, a long-tailed candle has formed, signaling a robust rebound from the key support level. The market has consistently honored the 0.5600 psychological barrier, bouncing off it several times. With the bullish momentum gathered this week, I anticipate further upward movement. This could indicate either a potential trend reversal or a continuation of the current bullish trend, especially if the market sustains its position above the support. My target is the resistance zone around 0.58400.
Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
AUDCHF → Bearish Movement Soon?Dear traders,
After monitoring AUDCHF on the daily chart, we found a clear Break & Retest setup that gives us a sign that price might fall down.
If TP1 gets hit, there is a very high chance that price might continue further down to TP2!
What do you think about our setup?
AUSSIE will be the last to move on interest rates. Buy AUD CHF
Do you ever wish you could make that BIG move in a trade, over maybe a couple of months but for big-bucks.
Timing is everything for these big moves.
They don't make it easy for us retail traders to capitalise on these big moves.
AUD CHF is a very high time frame double bottom right now.
Recommended to scale into with tiny lot size, so you can watch it, and then master how to trade these huge double-bottom systems for the big money in the markets.
AUD is returning to the strength it had through 2023. This is a way to get in at the bottom.
* Trading is risky. Not to be taken as investment advice. For education and illustration purposes.
WHATS FLOWING!?: EURCAD | EURJPY | GBPCHF | BTCEUROANDA:EURCAD
OANDA:EURJPY
OANDA:GBPCHF
COINBASE:BTCEUR
Today's Episode of What's Flowing: EURCAD, EURJPY, GBPCHF, BTCEUR Trade Ideas
In today's episode, we will be looking at four key trading pairs and their current market movements, providing insights into potential trade setups and market sentiment.
1. EURCAD
Current Price: EURCAD traded at 1.50239, slightly decreasing by 0.04% since the last session. Over the past month, it has lost 0.19% but remains up 5.46% over the last 12 months.
Forecast: Projections suggest EURCAD could decline further, with expected levels at 1.48962 by the end of this quarter and 1.48690 in a year. With a declining trend, this suggests a potential short setup for traders looking to capitalize on continued weakness in the pair.
2. EURJPY
Current Price: EURJPY traded at 160.189, showing a gain of 0.34% in today's session. It’s up 0.70% over the past month and 1.57% over the last year.
Forecast: EURJPY is projected to climb to 161.743 by the end of the quarter and 162.624 within a year. Given its upward momentum, this pair presents a potential long trade opportunity for those looking to take advantage of its positive trajectory.
3. GBPCHF
Current Price: GBPCHF traded at 1.13158, increasing slightly by 0.05% today. The pair has gained 1.26% over the past four weeks and 1.62% over the past year.
Forecast: With forecasts indicating a potential drop to 1.11578 by the end of the quarter and 1.11645 within the year, this pair offers an attractive short opportunity for those looking to ride the predicted downside.
4. BTCEUR
Current Price: Bitcoin is trading at 57,015.7 EUR, rising 0.70% today. Over the past year, BTCEUR has seen a staggering rise of 129.62%, with strong momentum in recent months.
Forecast: BTC is expected to correct slightly to 51,739.8 EUR by the end of this quarter and could drop further to 48,987.6 EUR in one year. This indicates a potential profit-taking opportunity or a short-term pullback setup for those cautious about BTC’s extended rally.
Bearish drop?AUD/CHF has reacted off the pivot which is a pullback resistance and could potentially drop to the 38.2% Fibonacci support.
Pivot: 0.58170
1st Support: 0.57334
1st Resistance: 0.58694
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