My thoughts on AUDCHF (requested by many subscribers)
- Technical analysis: Although AUDCHF still in a long-tern downtrend, the 4HR OB zone (Order block) is really strong because of many consecutive impulsive candles to the upside and broke more than 4 previous high in the 1hr timeframe. Moreover, there are many big wicks near the 4HR OB ZONE and daily demand zone. Also, the short volume started to decrease. Hence, a trend reversal may happen.
- Fundamental analysis: The Swiss national bank pushing an agenda of currency intervention. Hence, #CHF may be weak in the next few weeks.
Therefore, my bias for AUDCHF is long.
- Technical analysis: Although AUDCHF still in a long-tern downtrend, the 4HR OB zone (Order block) is really strong because of many consecutive impulsive candles to the upside and broke more than 4 previous high in the 1hr timeframe. Moreover, there are many big wicks near the 4HR OB ZONE and daily demand zone. Also, the short volume started to decrease. Hence, a trend reversal may happen.
- Fundamental analysis: The Swiss national bank pushing an agenda of currency intervention. Hence, #CHF may be weak in the next few weeks.
Therefore, my bias for AUDCHF is long.
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.