On a break of the Daily Channel, I anticipate AUDCHF to go to 0.7766 or higher to complete AB = CD pattern.
0.7766 area is a previous support zone which may act as resistance.
** This is a positive carry trade so you will be paid swap for holding long entries. **
** Once a break happens, you can add to your winners using the 23 or 34EMA from H1 time frame or...
The Swiss franc has seen some action as traders move in and out of safe-haven assets, no matter what the Swiss National Bank implements (franc futures has a .82 correlation with gold).
With the ECB hinting that more quantitative easing is possible ahead of the rate decision March 10, the SNB may feel obliged to intervene to stop any significant appreciation in...
Good morning traders,
Price closed above 50 MA and above demand / supply zone, so I have a bullish bias on this pair while level holds.
I´m entering long @ 0.709 with SL below 0.699
You can subscribe to my mailing list for FX Alerts : eepurl.com
6 Trading Rules :
1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t...
RECOMMENDATION: SELL
SUMMARY:
The primary trend of AUD/USD is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is had an important resistance at the level of 0.7150 and support at the level of...
