AUDCHF is currently in an uptrend, having recently broken and closed above an important intraday horizontal resistance level.
The previously broken resistance has now become a support level, with the price currently retesting this level.
There is potential for the market to continue rising, with the next resistance level being at 0.5930.
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** AUDCHF Analysis - Listen to video!
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Hello,Traders!
AUD-CHF is going up now
But the pair will soon hit
A broken support line
Which is a resistance now
And after that I will be expecting
A local move down
Sell!
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The AUD/CHF currency pair has recently exhibited notable price action, presenting an opportunity for technical analysis. Employing harmonic pattern recognition and key support levels, this report aims to outline potential bullish movements and associated trade parameters.
Harmonic Pattern Formation:
A Harmonic Pattern (XABCD) has emerged within the AUD/CHF pair,...
The pair is in Downtrend making LL and LH. The pair made a sharp dip after breaking LL and bouncing back again and almost at complete retracement. A short entry can be placed at fib level of 0.786.
Hello traders!
‼️ This is my perspective on AUDCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from FIBO 0.618 level + institutional big figure 0.59000.
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AUD/CHF has made a significant move, smashing through a crucial daily horizontal resistance level. What's intriguing is how this broken barrier has now transformed into a sturdy support zone. This shift in dynamics suggests a potential green light for further upward momentum in the market.
Picture it like this: the bulls have bulldozed through a major obstacle,...
AUDCHF broke and closed above a key daily horizontal resistance.
The broken structure turned into support now.
The market may keep growing.
Next resistance - 0.5909
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"Exciting Update: Our AUD/CHF Analysis Nails It!
Team, I'm thrilled to announce that our AUD/CHF analysis has hit its target spot-on! 🎯✨ The market responded just as we predicted, bringing us closer to achieving our goals.
This success is a testament to our meticulous analysis and strategic approach. It's moments like these that highlight the power of our...
Price is rising towards a resistance level which is an overlap resistance level which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.58668
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement
Stop loss: 0.59335
Why we like it:
There is a pullback resistance...
Overview:
The AUD/CHF currency pair is currently encountering a significant resistance area, coinciding with the formation of an XABCD harmonic pattern. This convergence suggests a potential bearish movement in the near future.
Entry Point:
Consider initiating a short position near the level of 0.59700. This entry point aligns with the technical resistance and...
Formation of a bullish harmonic pattern,
clearly indicating a bullish move in the future
a breakout of my current minor resistance (with retest)
will be my confirmation
Hello,Friends!
It makes sense for us to go short on AUD/CHF right now from the resistance line above with the target of 0.578 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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Hello Traders!
This is my idea for AUDCHF. I expect a bull run until the resistance level at the price of 0.59400.
The price reacts perfectly from the supply zone, and I see the bullish candle as a confirmation of a long trade opportunity.
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Hello,Traders!
AUD-CHF keeps falling but
The pair will soon retest
A horizontal support level
Of 0.595 from where we
Will be expecting a local
Bullish rebound
Buy!
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My trade approach to market is ,i focus on the highs and lows of price .AS seen on the charts of AUDCHF on the weekly. timeframe i have identified the highs now we let price do it wave
✅AUD_CHF broke the rising
Support then went up to
Retest it so I think that
We will be seeing a
Local bearish move down
SHORT🔥
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