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AUDCHF

AUDCHF H4 | React off resistance?Based on the H4 chart analysis, we can see that the price has reacted off our sell entry at 0.5848, which is an overlap resistance level. Our take profit will be at 0.5806, which is at support level . The stop loss will be set at 0.5887, which is just slightly above 61.8% Fibo retracement. Price is now in a bullish momentum, and approaching our sell entry at 140.80. Our sell entry is slightly below the 50% fibo retracement, and there is a potential bearish reaction off this key level as it is also a overlap resistance. Our stop loss is at 142.96, which is a swing-high resistance at the 78.6% fibo retracement. Also, there is an intermediate resistance level at 142.17, which is at the 61.8% fibo retracement. Take profit is at 138.77, which is a overlap support key level. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Short
by FXCM
Aud Chf Long In this analysis, we will focus on the AUD/CHF forex pair within the limits of 0.57889 to 0.57408, aiming to identify potential signs of a bullish reversal. This range implies a downward movement in the pair's price, and we will assess the technical and fundamental factors that could contribute to a potential bullish reversal within this specific range. Technical Analysis: a. Support Level: The lower limit of 0.57408 represents a significant support level, where the pair's price has previously shown a strong tendency to bounce back upwards. This level indicates a potential area where bullish reversal patterns could emerge. b. Oversold Conditions: Utilizing oscillators like the Relative Strength Index (RSI), we observe if the AUD/CHF pair is oversold within the specified limits. An RSI reading below 30 or displaying bullish divergences suggests that selling pressure may have exhausted, setting the stage for a potential upward movement. c. Candlestick Patterns: Analyzing candlestick patterns, such as hammer, bullish engulfing, or morning star, can provide further insights. If these patterns appear near the lower limit, it may indicate a bullish reversal signal, reflecting buyers' emergence and potential price recovery. Fundamental Analysis: a. Macroeconomic Factors: Monitoring relevant economic developments in Australia and Switzerland can contribute to a bullish reversal analysis. Positive factors may include an improvement in Australian economic indicators like GDP growth, employment data, or increased consumer confidence. Additionally, favorable Swiss economic data, such as strong exports or positive monetary policy actions, can also support a bullish outlook. b. Central Bank Policies: Monitoring the monetary policies of the Reserve Bank of Australia (RBA) and the Swiss National Bank (SNB) is crucial. Any hints of a dovish stance by the RBA or a hawkish tone by the SNB can impact the AUD/CHF pair's dynamics, potentially favoring a bullish reversal. c. Market Sentiment and Risk Appetite: Assessing broader market sentiment and risk appetite is essential. If global markets exhibit a positive risk-on sentiment, characterized by increased investor confidence and a preference for riskier assets, it can positively influence the AUD/CHF pair's performance and contribute to a bullish reversal. Conclusion: Considering the technical analysis indicators such as significant support levels, potential oversold conditions, and relevant candlestick patterns, coupled with positive fundamental factors like improved economic indicators and supportive central bank policies, there is a possibility of a bullish reversal within the specified limits of 0.57889 to 0.57408 for the AUD/CHF forex pair. However, it is crucial to monitor ongoing market developments and adapt the analysis accordingly, as forex markets are subject to volatility and unforeseen events that may impact price movements.
Long
by realtrademaster
AUDCHF - Has A Bullish Falling Wedge Chart Pattern Formed?Analysis: Looking at the charts we can see that price seems to not know where it wants to go. One minute it's heading to the upside and the next it's heading to the downside. This can make it quite hard to trade during these times but we see a setup occurring on this pair. Price recently has been heading to the downside however we are actually bullish on this pair and we think that a breakout to the upside will occur. Where price is currently we have marked out a strong area of previous support. When this level was touched in the past, we saw a huge strong bullish move happen, so we expect that this will happen again, as key levels tend to hold more then once and this level has be held 3 times, making it a very strong support level. To add to our idea, on the higher timeframe, we can clearly see a bullish falling wedge forming. This is a bullish chart pattern which is often followed by a breakout to the upside so this is what we expect to see happen on this pair as this is the pattern that we have. We're also at the bottom trendline of the chart pattern so we expect that there will be some bullish pressure around this area which will hold price and push it to the upside. All of these technical confluences together line up to give us a bullish bias on this pair but lets take a look at the fundamentals. Fundamentally the AUD is the 2nd weakest major currency whereas the CHF is the 3rd weakest major currency so this slightly goes against our idea, however overall we are bullish on this pair. Tomorrow we have some news coming out for the AUD which could give us the catalyst that we need to see price breakout to the upside. This isn't the best looking setup by any means and it does go against the trend slightly however it's still to our trading plan so it's still valid. It doesn't matter how the setup looks, all that matters is the result. As long as you stick to your trading plan and let your edge play out, you'll be profitable. Not every setup will look perfect and the sooner a trader learns this the sooner they will become profitable. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
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