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AUD CHF Technical Analysis - AUD CHF Trading: 2023-01-09
AUD/CHF Technical Analysis Summary
Above 0,638
Buy Stop
Below 0,616
Stop Loss
| Indicator | Signal |
| RSI | Buy |
| MACD | Buy |
| MA(200) | Neutral |
| Fractals | Neutral |
| Parabolic SAR | Buy |
| Bollinger Bands | Neutral |
AUD/CHF Chart Analysis
AUD/CHF Technical Analysis
On the daily timeframe, AUDCHF: D1 came out of the downtrend up. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish movement if AUDCHF: D1 rises above the latest up fractal: 0.638. This level can be used as an entry point. Initial risk cap possible below the Parabolic signal, the last 2 down fractals and the low since May 2020: 0.616. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (0.616) without activating the order (0.638), it is recommended to delete the order: there are internal changes in the market that were not taken into account.
Fundamental Analysis of Forex - AUD/CHF
In Australia and Switzerland will be published indicators of business activity in the industry. Will AUDCHF quotes continue to rise?
The upward movement means the Australian dollar is strengthening against the Swiss franc. S&P Global Australia PMI for December (50.2 points) in the final reading fell slightly compared to the initial estimate, but managed to stay above the 50 mark. This was positively received by investors. On January 11 in Australia data on retail sales will be published and on January 12 - Trade balance. They may affect the dynamics of the Australian dollar. Inflation in Switzerland unexpectedly dropped to 2.8% y/y in December. This may reduce the likelihood of further rate hikes by Swiss National Bank. Now it is equal to (+1%). Switzerland Unemployment will be released on January 9th. Unemployment is expected to fall to a record low of 1.9% in December.
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