CHFAUD trade ideas
AUDCHF: BULLISH BAT SPOTTEDHello Traders,
Trust trading has been great for you all. Here is my brief analysis of the AUDCHF pair.
The AUDCHF pair shows a bullish bat pattern, indicating a potential upward reversal. This pattern was spotted in February and has been responsible for the upward rally noticed on the pair since the first week of February. There appears to be more room to the upside on the pair.
Key points : X: 0.53416, A: 0.72599, B: 0.64114, C: 0.69243, D: 0.56181.
My Expectation : Price to rise from 0.59072 to around 0.68 in the coming weeks/months.
Invalidation : If price exceed the 0.54662 to the downside, this idea becomes invalidated.
Traders should watch price action closely and put in proper risk management.
Cheers and happy trading!
AUDCHF: Trading Signal From Our Team
AUDCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short AUDCHF
Entry Point - 0.6070
Stop Loss - 0.6103
Take Profit - 0.6013
Our Risk - 1%
Start protection of your profits from lower levels
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AUDCHF LONGPrice Action Daytrading.
H4 Bias is bullish. Price has broken H4 resistance level setting a new high.
In H1 TF, expecting the price to pullback to a H1 horizontal level before going higher. Break & Retest strategy.
Set Long trade at the H1 Horizontal level targeting next H4 swing high with R:R 1:4.
Chose AUDCHF as there are not major news this week.
AUDCHF potential longWe have observed significant activity from Commodity Trading Advisors (CTAs), who have recently increased their long positions on the Australian dollar against the Swiss franc. This strategic move is supported by several compelling factors that suggest a potential upside for the AUD/CHF pair.
Fundamental Analysis:
One of the primary drivers behind this trade is the interest rate differential between Australia and Switzerland. The Reserve Bank of Australia (RBA) currently maintains higher interest rates compared to the Swiss National Bank (SNB). Higher interest rates in Australia make the Australian dollar more attractive to investors seeking better yields, thereby providing strong support for the currency.
Technical Analysis :
From a technical perspective, the AUD/CHF pair has exhibited a robust reaction at a critical support level. This key level has historically acted as a significant pivot point, providing strong buying interest and forming a solid foundation for a potential upward movement. The recent price action suggests a renewed bullish sentiment, further reinforced by various technical indicators pointing towards a continuation of the upward trend.
Conclusion :
Considering both the favorable interest rate differential and the positive technical signals, the outlook for AUD/CHF appears bullish. Traders might find this an opportune moment to consider long positions, capitalizing on the potential for further appreciation of the Australian dollar against the Swiss franc.
AUDCHF 1H *). Overall Strong Bullish Trend The market is exhibiting a strong bullish trend. This indicates that over a period of time, the price has been consistently making higher highs and higher lows, reflecting sustained buying pressure and market optimism.
*). 0.60409 Acting as a Strong Support Level The price level of 0.60409 is currently functioning as a robust support level.
*). Expecting Price Growth Towards the Resistance Level of 0.61500 Given the strong support at 0.60409 and the ongoing bullish trend, there is an expectation for the price to move upward towards the resistance level of 0.61500.
AUDCHF BULLISH CONTINUATIONAUDCHF has been on a significant bullish trend since breaking through a key level. I anticipate this pair will next target the major resistance around 0.61700. The bullish channel that has formed is critical, as the price action continues to hold within its upper and lower boundaries.
AUDCHF Under Pressure! SELL!
My dear friends,
AUDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.6066 pivot level.
Bias -Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.6048
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