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Swiss Franc/Australian Dollar

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CHFAUD trade ideas

AUDCHF Short Trade Setup A #short trade opportunity recently presented itself on the #aussieswissy (#AUDCHF) #trading chart 📉. This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 0.59973 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell). Sufficient downward momentum should see price dumping towards the 0.57500 psychological level and possibly testing the strength of the 0.57380 horizontal support level. As always, please apply appropriate risk management. Happy trading! #crosspair
Short
by charles-okoukoni
1
AUDCHF: Strong bounce inside this Megaphone.AUDCHF is bullish on its 1D technical outlook (RSI = 60.496, MACD = 0.002, ADX = 32.323) after a strong bounce and closing above the 1D MA500. The dominant Bullish Megaphone pattern made its previous HH on the 2.0 Fib extension and a new 1D MACD Bullish Cross has validated that it now sets course for the new HH. We target again the 2.0 Fib (TP = 0.61550) which is just under the R1 level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
AUDCHF : BULLISH TREND NO LONGER VALID- AUDCHF has been trading within a bullish channel between February and April ; the mid-term trend was then bearish. - Since mid-April, prices have registered a significant pull-back to a new low, far below the lower bound of the bullish channel. The mid-term trend is now no longer valid. However, a sharp rebound occurred above the 50% Fibonacci level, bringing prices back to 0.5965 just below the previous bullish channel. Judging by today's candle, it seems the market's control remains in sellers' hands. Both EMA are bullish, confirming the recent rebound, but the Stochastic is registering a bearish cross inside its overbought zone. - This is not the easiest situation to analyze. The bullish trend is clearly not valid anymore, but the sharp rebound over 0.5800 tells us there are still numerous buyers in this market. A failure to clear the 0.5965 level could dangerous on the short-term basis, leading the market back to 0.5915, 0.5862, 0.5807 and even below in the case of a "failure swing" situation. 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.
Short
by ActivTrades
AUDCHF LongPrice Action. H4 Bias Bullish H1 Bias Bullish Price retrace back into the H4 Horizontal Level after breaking and closing about it. Price most likely will head higher as AUD is slight strengthing and CHf been weakening based on fundamental. At the H4 horizontal Level. Price formed a double bottom pattern, the price break the resistance. Set a long trade at the broken resistance level. Aligning with my MACD price is up a bullish momentum and strength of the bullish action. Identify the trade slightly late.
Long
by royschen07
CADCHF| Shows Bearish Momentum with a Potential Reversal AreaHello there, CADCHF is bearish at the H1 timeframe, aiming for the 0.58347 area for the drop of WXY leg extension of ABC. There is an open area at 0.58000 that could potentially influence the price to drop further. In the Second scenario: The price could potentially reverse, turning bullish due to unclear bearish waves for ABC. They are too steep on the way down. In this case, the 0.58440 will need a strong momentum to push up and reach the supply area at 0.59382. Overall, the momentum is currently bearish in H4 and Daily. and monitoring is required. The setup is volatile, spikey, and high-risk. Happy Trading, until next time... K.
by Khiwe
Bulls Roar Back! Can We Reach 0.59246? 🚀Last week, the AUD/CHF currency pair went down from 0.58300 to 0.57415, showing a bearish trend. On Friday, it dropped from 0.58600 to 0.57415 in just one day, which was a big change. But later that night, it went back up, which means buyers became stronger. This week, I think the pair won't keep going down like last Friday because buyers are showing strength. The price right now is similar to Friday's starting price. I expect it to go up more this week, possibly reaching 0.59246.
Long
by ClearTradingMind