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AUDCHF

AUDCHF - Breakout Of The Downwards Trend!Analysis: Looking at the chart we can see that we were in a strong downwards trend however at the start of June we were able to break out of this trend and put in a higher high which shows us that the bears have lost control of the market and the bulls are taking over. We have more confluence that price broke out of this downwards trend when we see that the downwards trendline was broken. Price is now pulling back to an area where we previously saw key resistance which we now expect will hold as support as this very often happens. To give added confluence that this area will hold we have the 61.8% fib retracement level which is often classed as the strongest fib level so we expect that around this area we will see buyers sat, wanting to enter into long positions and push price higher. Taking a look at the fundamentals the AUD is the 6th strongest major currency where as the CHF is the 5th strongest major currency so there isn't really much in it here and it actually slightly goes against out thesis but when we dig a little deeper we find out why we prefer the AUD over the CHF. As of the most recent filling for institutional positions we saw a decrease in both long and short positions on the AUD which isn't positive but it also isn't negative. If we take a look at institutional positioning on the CHF we see that as of the most recent filling there was a decrease in long positions and an increase in short positions showing us that the CHF might have some bearishness on the way. From the SNB press conference that we had on Thursday things didn't look too good for the CHF which is another thing keeping us away from going long on the CHF. On this coming Wednesday we have CPI coming out for the AUD which could be the catalyst that we need to rocket price higher so this is what we will be watching out for but for now we have all of the confluences we need to be bullish on AUDCHF which is why we have a long bias on this pair. 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. We appreciate it all. Stay Safe - JPI 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 to. 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
38
AUDCHF | Bullish Divergence | BullishAccording to my analysis, AUDCHF is currently in a downtrend. However, there are indications of a potential bullish reversal. Firstly, there is a Hidden Bullish Divergence observed on the 1-hour timeframe. This occurs when the price of an asset forms higher lows, while the corresponding indicator, in this case, AUDCHF, shows lower lows. This suggests a potential shift in momentum towards an upward movement. Additionally, there is an Inverse Head & Shoulder pattern formation, which further supports the potential reversal zone. The Inverse Head & Shoulder pattern is a bullish chart pattern characterized by three lows, with the middle low being the lowest (the "head") and the other two forming the "shoulders." This pattern indicates a potential trend reversal from bearish to bullish. Considering these indications, there is a possibility that the price of AUDCHF will soon move upwards. However, it's important to note that technical analysis is not foolproof, and other factors such as market conditions and fundamental analysis should be taken into account when making trading decisions.
Long
by awaisulabdeen
AUDCHF - Looking For Buy Setups ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. AUDCHF has been overall bullish trading inside the rising wedge pattern in blue, and it is currently retesting the lower trendline. Moreover, the zone 0.59 is a strong demand. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower blue trendline. As per my trading style: As AUDCHF is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
9
AUDCHF ____ INCOMING BULLISH MOVEHello Guys, Check this out. AUDCHF just entered into a weekly demand order block. I have a strong bullish on this pair to reach 0.63000 region. For now, I will be monitoring the 1-hour timeframe for CHOCH from bearish to bullish to go long to the daily order block which is in confluence with the trend line I also made an analysis on AUDCAD which correlates with AUDCHF (See below for the analysis) Follow for more trade ideas AUDCAD ANALYSIS Cheers, Jabari
Long
by jabariofafrica
1
AUDCHF, H4 | Bounce off major supportWe're seeing price test a major support level at 0.6043 which is an overlap support + has a bunch of Fibonacci confluence levels. This forms a strong level of support that price might bounce from. If price were to bounce from here, we could see it rise quite nicely towards the 0.6099 resistance level which is an overlap resistance and a 50% Fibonacci retracement of the recent move down. 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. 76% 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.
Long
by FXCM
1
AUDCHF I Will retest neck of double bottomWelcome back! Let me know your thoughts in the comments! ** AUDCHF Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
23
Somemore upside is thereUptrend on Audchf, looking at some upside to come. Wait for setups to go on long. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: 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. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Long
by Shadowing_The_Big_Boys
4
AUDCHF, H4 | Bullish BreakoutWe can see that price has broke a key overlap resistance and could potentially rise towards the 0.6124 level which is a 38.2% Fiboancci retracement. A risk level that i'd like to highlight here is the 0.6080 level which is our intermediate resistance. Breaking this level could provide further confidence of price rising towards the 0.6124 level. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
AUDCHF - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on AUDCHF. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalances lower and then to reject from bullish order block. Fundamental analysis: Tomorrow we have news on AUD, will be released Unemployment Rate. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD