AUDCHF SHORT Audchf has rejected from a prominent resistance zone and has a hourly bearish divergence. Trade can be taken from the break of the LH
AUDCHF trade ideas
AUDCHF - Rising Wedge Reversal PatternAUDCHF in 1h timeframe chart has printed Rising Wedge Reversal Pattern with Bearish Divergence.
If It break it's last higher low. I'll Sell (Stop) at 0.59245 and Stop Loss above at 0.59645.
AUDCHF - Rising Wedge Reversal PatternAUDCHF in 1h timeframe chart has printed Rising Wedge Reversal Pattern with Bearish Divergence.
If It break it's last higher low. I'll Sell (Stop) at 0.59245 and Stop Loss above at 0.59645.
AUDCHF is ready to enter in bearish phasewith bearish divergence and reversal pattern of risisng wedge the pair is looking good to make new LH and LL
AUDCHF : BULLISH TREND NO LONGER VALID- AUDCHF has been trading within a bullish channel between February and April ; the mid-term trend was then bearish.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The mid-term trend is now no longer valid.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
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AUD/CHF SHORT FROM RESISTANCE
Hello,Friends!
It makes sense for us to go short on AUD/CHF right now from the resistance line above with the target of 0.578 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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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.
AUDCHF 1HIntraday Bearish Bias: As long as (0.59600) is support, am expecting the price to drop. Target 🎯 at 0.58800
AUDCHF: Double TopAUDCHF is showing double top formation and expected to ready for bearish ride, the confirmation of the trend will trigger the trade.
AUDCHF sell
15m bearish engulfing
15m drop-base-> drop
Expect the price to retrace to 1h uptrend fibb retracement
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.
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.
AUDCHFMy trade approach to market is ,i focus on the highs and lows of price .AS seen on the charts of AUDCHF on the weekly. timeframe i have identified the highs now we let price do it wave
AUDCHF - Fibo Retracement TradePrice made a pulse to the upside with 3 consecutive candles and made return from Fib (0.318)
Fib (0) is broken, after candle close, I will be looking at a retest on Fib(0) for entry
AUDCHF likely to move downwardsAUDCHF has been in an uptrend and following an upward trendline in H4 for the last two months. It broke out of the trendline, has retested it, and formed bearish candles. It's likely to continue moving downwards in a bearish trend.
AUDCHF: Important Bullish BreakoutAUDCHF is currently in an uptrend, having recently broken and closed above an important intraday horizontal resistance level.
The previously broken resistance has now become a support level, with the price currently retesting this level.
There is potential for the market to continue rising, with the next resistance level being at 0.5930.
AUDCHF: Important Breakout 🇦🇺🇨🇭
AUDCHF broke and closed above a key daily horizontal resistance.
The broken structure turned into support now.
The market may keep growing.
Next resistance - 0.5909
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AUDCHF - Fibo Retracement TradeUp move with all green candles, retracement with red candles. fine retracement on Fib (0.5).
Strategy based, Fib (0.318) retracement is mostly expected, but this one has a perfectly alligned Fib (0.5 retest).
Price broke above Fib (0) and I'm waiting for a retracement on Fib(0) for entry
AUDCHF 4H Analysis: Bearish DivergenceAUDCHF's recent trend exhibits bullish behavior with prices achieving higher highs above the R1 monthly pivot, suggesting strength. However, beneath the surface, signs of caution emerge.
The Commodity Channel Index (CCI) displays lower highs, creating a bearish divergence against the price's higher highs. This divergence hints at weakening upward momentum, urging traders to stay vigilant.
Further signaling a potential shift, the Moving Average Convergence Divergence (MACD) teeters on a bearish crossover . Such a move could forecast a momentum downturn.
Additionally, an untouched monthly pivot at 0.58496 beckons, potentially drawing prices down in a correction.
Compounding the cautious outlook, the Relative Strength Index (RSI) retreats from overbought territory , aligning with indicators suggesting a cooling phase may be on the horizon.
In essence, while the bullish trend above the R1 pivot indicates strength, emerging signals from CCI, MACD, and RSI suggest a momentum shift, with a pullback to 0.58496 as a conceivable target. Traders should monitor these developments closely and adjust strategies accordingly.
Could AUDCHF reverse from here?Price is rising towards a resistance level which is an overlap resistance level which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.58668
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement
Stop loss: 0.59335
Why we like it:
There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement
Take profit: 0.57816
Why we like it:
There is a pullback support level
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AUD-CHF Potential Short! Sell!
Hello,Traders!
AUD-CHF is going up now
But the pair will soon hit
A broken support line
Which is a resistance now
And after that I will be expecting
A local move down
Sell!
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