AUD/CHF MONTLY ANALYSIS We can expect the price to make a correction. The reason why it is because the price is over extended. Also the price made a triple top which is currently getting rejected. We can expect the price to make the correction to the .50 Fibonacci level because it is in confluence with structure.
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Audchfshort
AUDCHF H4 TIMEFRAME ANALYSIS (SELL)We look forward to sell this pair because it is experiencing a strong resistance upwards and the New Jerusalem Indicator is turning bearish. So we sell this pair as shown on the chart by lines and we expect a risk to reward ratio of 4R. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest at your own risk. Otherwise thank you for your comments.
AUDCHF signal (SHORT)Hello friends.
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Everything on the chart.
open pos: market
target: 0.6925
stop: ~0.698 (depending of ur risk). ALWAYS follow ur RM .
risk reward 1 to 7
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AUDCHF facing bearish pressure, potential for further downside!AUDCHF is facing bearish pressure from descending trendline resistance as well as horizontal overlap resistance in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension. Prices might push down towards horizontal swing low support in line with 161.8% Fibonacci retracement and 78.6% Fibonacci extension. If prices push up further, prices might face resistance from horizontal swing high resistance in line with 161.8% retracement as well as 161.8% Fibonacci extension. Ichimoku cloud is also above prices, showing a bearish pressure for prices.
AUDCHF - Bearish BiasAUD - BEARISH
1️⃣ The risk-averse market environment could pressured the AUD.
CHF - BULLISH
1️⃣ CHF benefitted by renewed surge in coronavirus cases and a slow pace of vaccination. The US Food and Drug Administration recommended states pausing the use of Johnson & Johnson's coronavirus vaccine after six cases of blood clots.
2️⃣ Traders welcomed a further relaxation in Switzerland’s Covid-19 restrictions despite infections continued to rise gradually as the country has one of the highest rates of complete vaccination in Europe.
3️⃣ Risk-off the supported the safe-haven CHF.
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Technical
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- We are selling the AUDCHF at SBR on M15. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
AUDCHF facing bearish pressure | 19th Apr 2021Prices are facing bearish pressure from horizontal swing high resistance which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards 1st support which coincides with horizontal swing low support which is in line with 50% Fibonacci retracement. If prices push up further, prices might face resistance from swing high resistance which is in line with 50% Fibonacci extension and 161.8% Fibonacci retracement. Stochastics is facing resistance from 92.64, the potential for a bounce.
AUDCHF facing bearish pressure | 19th Apr 2021Prices are facing bearish pressure from horizontal swing high resistance which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards 1st support which coincides with horizontal swing low support which is in line with 50% Fibonacci retracement. If prices push up further, prices might face resistance from swing high resistance which is in line with 50% Fibonacci extension and 161.8% Fibonacci retracement. Stochastics is facing resistance from 92.64, the potential for a bounce.
AUDCHF facing bearish pressure, potential for more downside!Prices are facing bearish pressure from horizontal swing high resistance which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push down towards 1st support which coincides with horizontal swing low support which is in line with 50% Fibonacci retracement. If prices push up further, prices might face resistance from swing high resistance which is in line with 50% Fibonacci extension and 161.8% Fibonacci retracement. Stochastics is facing resistance from 92.64, potential for bounce.