AUDCHF - a Bat in the making
The Aussie has moved off a triple bottom from Aug 2023 to Feb 2024.
We can see an impulsive movement from 56 to 61. A chart may be seen as a recent double top or the formation of a H&S .
Furthermore, a Harmonic Bat Pattern may be in play. The target is the .886 retracement
of X-A , which sees price back into the prior consolidation range.
Momentum is bearish as well, with RSI <50.
Some support may be offered at the 200 MAV around 59. A break of this sees B point, and
thereafter the projected D point.
All currencies over time have withered to the Swisse, now is no different.
We can see an impulsive movement from 56 to 61. A chart may be seen as a recent double top or the formation of a H&S .
Furthermore, a Harmonic Bat Pattern may be in play. The target is the .886 retracement
of X-A , which sees price back into the prior consolidation range.
Momentum is bearish as well, with RSI <50.
Some support may be offered at the 200 MAV around 59. A break of this sees B point, and
thereafter the projected D point.
All currencies over time have withered to the Swisse, now is no different.
Nota
This pair is nicely nearing the completion of the Bat Pattern at .5740
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.