CHFAUD, This Major Formation to ALTER the Current Trend-Dynamic!

Hello There!

Welcome to my newest idea about CHFAUD. In my recent analysis, conduction, and chart price-action I have detected important underlying trend dynamics and price action dynamics that are likely to alter the whole CHFAUD price action and trend that is currently ongoing. Currently, it is highly necessary conduction to consider if the CHFAUD current trend dynamics are going to hold on or if a massive reversal is going to convert the whole price action into a different market.

Within my analysis chart, I am considering the massive ascending triangle formation CHFAUD is likely to complete within the next times as it is going to approach this massive supply zone between the 1.8 and 1.87 level from where it already pulled back several times in the past increasing the possibility for a major pullback into the other trend direction.

Especially, within this whole price-action the most important parts are the 25-EMA, the 50-EMA, and the ascending trend line which hold the current trend, and if they are broken towards the other trend direction it is going to indicate the massive trend reversal and is going to activate the next continuations till either the bearish momentum is going to accelerate so heavily below the supports or a potential for a reversal within the supports is indicated.

When considering the whole dynamic here the major ascending triangle formation forming here is a formation that is indicating a reversal in almost all of the cases. The most important conduction once it has been completed will be on how the price action approaches the target zones because it is going to complete a much larger wave count from A to E with the finalization of the wave E. A bounce in this area is going to confirm a potential reversal otherwise a continuation is going to accelerate the bearishness to even further target zones.

In this manner, thank you everybody for watching my analysis of CHFAUD. Support from your side is greatly appreciated.

VP

Comment:

ANALYSIS UPDATE: CHFAUD recently already increased bearish volatility pullbacks on the local as well.

This indicates a possibility of the completion of the bearish triangle breakout pullbacks faster than the supply determined.

Comment:

UPDATE: Important here are also the major inflation dynamics.

If there should be a massive gap between the growth/decline of the CPI of CHF and AUD this is going to trigger further bearish sentiments.

Comment:

UPDATE: A massive volume divergence between the pairs could trigger a huge bearish impulse wave that completes the whole bearish formation with a massive bearish momentum acceleration.

Comment:

ANALYSIS UPDATE: CHFAUD already continued with a major bearish price action spike below the 1.74 level and is now completing the gigantic ascending wedge.

Once CHFAUD completes the full bearish wedge setup below the 1.71 level this is going to activate the next stages of the bear market acceleration.

Comment:

ANALYSIS UPDATE: CHFAUD increasing the major bearish momentum and volume.

The final breakout below 1.71 is going to activate the main target zones and further bearish momentum volume.

Comment:

ANALYSIS UPDATE: CHFAUD is dumping further within the structure.

CHFAUD is now forming a crucial bear flag. Once completed the bear market will be prevalent.

Comment:

ANALYSIS UPDATE: CHFAUD is about to complete the bear-flag formation on the local.

Comment:

ANALYSIS UPDATE: CHFAUD is penetrating the main support levels. A breakout below is going to accelerate bearish momentum massively.

CHFAUD is going to confirm a major bear market once the breakout below 1.69 has been validated.