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AUD/CHF Technical Analysis - AUD/CHF Trading: 2021-10-13

AUD/CHF Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 0,686

Buy Stop

Below 0,663

Stop Loss

Dmitry Lukashev
Senior Analytical Expert
Articles 1807
IndicatorValueSignal
RSI Neutral
MACD Neutral
MA(200) Buy
Fractals Buy
Parabolic SAR Buy
Bollinger Bands Buy

AUD/CHF Chart Analysis

AUD/CHF Chart Analysis

AUD/CHF Technical Analysis

On the daily timeframe, AUDCHF: D1 broke up the downtrend resistance line and exited the inverted Head & Shoulders pattern. A number of technical analysis indicators have generated signals for further growth. We do not rule out a bullish movement if AUDCHF rises above its latest high, 200-day moving average and upper Bollinger band: 0.686. This level can be used as an entry point. The initial risk limitation is possible below the Parabolic signal, the lower Bollinger band and the last two lower fractals: 0.662. After opening a pending order, move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (0.662) without activating the order (0.686), 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, positive economic indicators came out. Will the AUDCHF quotes continue to rise?

The upward movement signifies strengthening of the Australian dollar against the Swiss franc. The business confidence index (NAB Business Confidence) in September this year in Australia amounted to +13 points, which is higher than the forecast of -6. In August, it was -5. Several positive Australian economic indicators were released last week. In general, high world prices for coal, natural gas, non-ferrous metals and iron ore are contributing to economic growth in this country. The products of the mining and metallurgical industries in Australia account for 38% of exports and hydrocarbons - even more than 20%. All of this can contribute to the strengthening of the Australian dollar. This week in Australia, on Thursday, will be published important data on the labor market for September. Producer & Import Prices are due in Switzerland on Thursday.

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Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.