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Audchfforecast

AudChf swing term analysis from 20th, june, 2022|250 pipsAudChf swing term analysis from 20th, june, 2022|250 pips Here is my analysis for the Audchf for the coming week... Sentimentally, with the stock markets falling further even lower than the previous week, investor sentiments are still #riskoff. this shows potential for investors to buy safe haven currencies as opposed to commodity or risky asset based currencies like the Aud. With China's perceived face off with the US over Thailand coupled with the imposed curfew and restrictions in some business districts, there may be some decreased trade activity in China which would equally affect Australia. Technically, AudChf has been ranging in an area of supply and price distribution on the higher time frame, and recently broke through the exponential moving average with an impulsive move... there's a demand zone which price could be heading to either grab or take out liquidity...Structurally, Audchf is a long term downtrend...judging from the monthly timeframe as price is also currently falling from a lower high market structure. A video analysis of this trade idea could not be shared on YT due to some technical factors...I would like your ideas...
Short
by MillionaireLogistics
AUDCHF SHORT 25TH MARCH 2022AUDCHD has shown a nice supply zone retest and held within the supply zone on HTF now we have seen a very clear and valid IMPULSIVE BEARISH LEG which has given us a second reason for a short. On the 15mins timeframe we saw that price has tapped into the supply zone given that we look to see a more stronger CHF by next week. We look to see if price will fall to the last demand zone of the weekly low but as the week goes by we might see another demand zone holding price so we wait will we swing this pair. I sent this out on my signal group for a RR of 1:78 excluding partials. Cheers!!!!
Short
by Undercover_Trading