BUY OPPORTUNITY IN AUDCHFIf price trades upto 0.59121 a buy opportunity could develop away from that zone . Price currently trade at 0.58862. A further rise in price to 0.59121 could provide a potential increase in demand.
CHFAUD trade ideas
AUDCHF- Bullish wedge with divergence formExpect a good pull back from, we will expect a reversal as soon as it break a falling wedge.
Key levels are define
BofA sees Aussie dollar outperforming Bank of America anticipates diverging monetary policy paths between the Reserve Bank of Australia (RBA) and the Swiss National Bank (SNB) after their respective June meetings, with the RBA seen as one of the last major central banks to cut interest rates.
The Wall Street bank's view was reinforced by robust Australian labor market data, suggesting potential for the RBA to maintain higher rates for longer.
"An unambiguously strong jobs report has further strengthened our conviction in higher-for-longer trades," said Adarsh Sinha, a strategist at Bank of America.
Australian employment jumped by 39,700 in May, beating forecasts of 30,000, driven by full-time hiring as unemployment fell, official data showed.
"We see this as a good entry point for adding higher-for-longer trades, including our recommendation to buy carry-rich AUD/CHF," Sinha added.
Earlier this year, Sinha made similar calls favoring the Australian dollar on expectations the RBA would lag peers in lowering rates.
He cited other factors supporting potential Aussie outperformance in 2024, including a less restrictive RBA policy rate versus other economies, bearish China sentiment subsiding, and Australia's solid fiscal position.
Elias Haddad, senior markets strategist at Brown Brothers Harriman, said he expected the Aussie to gain ground versus the Canadian dollar too, as the RBA is in no rush to cut rates unlike the Bank of Canada.
AUD/CHF Day Trading AnalysisOn AUD/CHF, it's nice to see a strong sell-off from the price of 0.59550. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with First VWAP standard deviation of the week are my main reasons for this short trade.
Happy trading,
Dale
Audchf and chf crosses looks bearish as mentionedHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
If you have followed my video, i mentioned about shorting on chf crosses . It has came down quite a bit and i think it will still continue on...let's see how it play out this week. :)
can look at cadchf etc..
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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AUDCHF DAILY MARKET OUTLOOKPrice is gradually falling to daily support price of 0.58 price level. This price level could be a technical buy start point if bidding price is offered.
Trading Signal: AUDCHF Movement AnalysisTraders,
We have identified a trading opportunity on the AUDCHF currency pair with the following parameters:
- Direction: Sell
- Enter Price: 0.59299
- Take Profit: 0.59141667
- Stop Loss: 0.59550667
Our analysis, conducted using the EASY Quantum Ai strategy, suggests a downward movement. The rationale behind this projection includes:
1. Technical Indicators: Several technical indicators point to a bearish trend. Moving averages, particularly the 50 and 200 EMA, show bearish crossover signals. Additionally, the RSI is trending below 50, suggesting momentum is on the downside.
2. Market Sentiment: Current market sentiment towards the Australian Dollar against the Swiss Franc displays weakness in the AUD due to recent economic reports indicating lower-than-expected performance in key sectors.
3. Geopolitical Factors: Uncertainty surrounding global markets, especially in terms of commodity prices where Australia is a key player, has contributed to a weaker AUD. At the same time, CHF remains strong due to its status as a safe-haven currency, especially amidst economic uncertainties.
4. EASY Quantum Ai Analysis: Our proprietary EASY Quantum Ai model consistently identifies patterns and market anomalies. Based on its calculations, there's a higher probability for the AUDCHF pair to move downward within the specified range.
We recommend monitoring the trade closely and adhering to the risk management parameters set by the Stop Loss and Take Profit levels.
Happy Trading!
Disclaimer
Trading forex and CFDs involves significant risk and can result in the loss of your invested capital. Please ensure you fully understand the risks involved.
AUDCHF - Long active !!Hello traders!
‼️ This is my perspective on AUDCHF.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I look only for long position. I expect bullish price action continuation after price filled the imbalance rejected from trendline + bullish order block.
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AUDCHFWe see the bearish setup on lower tf, a sign for sell off soon
We have been short on aussie pairs since last year
Trade with care use a stop loss.
AUDCHF1) Bullish Harmonic reversal pattern appears,
Harmonic patterns are used by traders to help predict future market movements.
Bullish harmonic patterns indicate a possible upturn in the market.
2) RSI indicates Bullish Divergence
AUDCHF: Bearish Outlook Explained 🇦🇺🇨🇭
AUDCHF formed a bearish flag pattern on a 4H time frame,
after quite a strong bearish movement.
Breakout of the support of the flag is an important bearish signal.
The pair may keep falling now.
Goals: 0.5899 / 0.5880
❤️Please, support my work with like, thank you!❤️
AUDCHF SWING LONGPlease ignore my previous post. I looked at higher time frame and found a 3 wave correction here. It bounced at rhe end of the correction above higher low. Im expecting a push up to higher higher highs tp at resistance
AUDCHFFUNDAMENTAL ;SIDE WAY
SENTIMENTAL ;50/50
seasonality :from 20 June onward uptrend
TECHNICAL break out of bearish trend line with bullish divergence printed HH and retraced
can be a buy consideration
AUDCHF Massive Long! BUY!
My dear friends,
AUDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.5922 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.5931
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
AUDCHF is BullishBulls seem to gain control of the price action after bullish divergence appeared and is now playing out on hourly time frame. First higher high is printed successfully, and now the price seems to have defined a higher low, which means that new highs can be expected from here. Targets are mentioned on the chart.
AUDCHF intraday long ideaAUDCHF is currently in an uptrend and formed a nice descending wedge pattern. For my entry it will be at the fib level/support level or when it breaksout from the pattern whichever comes first. Currently there are no rsi divergences to support a long at this point yet and im expecting price to go lower before the breakout.
AUDCHF LONGAUDCHF long setup, 1h and 4h bullish div has printed and the strong 1d vertical support line bounce with a 4h hortizontal support area has s strong impact on buyers. so this will be a possible strong area to buy the audchf...
What if price drop to this area with green,anticipate short bullish after the price touches the green zone,
Long Idea on AUDCHFA divergence is found at 30min chart.
Price is making lower low, while RSI is making higher low.
Overall AUDCHF is on uptrend as price is above EMA 100 and EMA 200.
Support Level is at 0.5890 - 0.5850 range.
Long Idea (Risk 1 : Reward 2.92)
TP: 0.6120
SL: 0.5820
AUDCHF - BULLISH MOVEHello Traders !
The AUDCHF Price failed to break the support level (0.59296 - 0.59514).
The lower high is broken is broken !
So, I expect a bullish move 📈
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TARGET: 0.59980🎯
AUDCHF SELL IDEAGoing to sell AUDCHF targeting 0.59285. Price may go lower than that but that is my target for now.
Many resistant area's at and above where it is at. Lets stay patient...Usually these hit within 24 hours but can take up to a week (very rarely longer than that).
Keep an eye for any additional insight I may post.
