Dolar Australia / Franc SwissTelah dikemas kini Great space to watch - what will AUDCHF do this week?
AUDCHF is now squeezed between a very strong descending long term channel (very well visible on weekly) AND the MA200, which co-exists with a strong support area (grey rectangle).
Given weekly channel is quite strong and there is no sign of break out at the moment + RSI looks to be bearish, I see chances of decline to bottom of channel higher than a break-out to the bullish side. So I am more bearish than bullish, but not enough reason to trade yet!
But great space to watch in coming week. What will happen? Get ready!
Let's see!
***If you find this analysis use full, pleas click like. If you have comments please do!!!***
Given weekly channel is quite strong and there is no sign of break out at the moment + RSI looks to be bearish, I see chances of decline to bottom of channel higher than a break-out to the bullish side. So I am more bearish than bullish, but not enough reason to trade yet!
But great space to watch in coming week. What will happen? Get ready!
Let's see!
***If you find this analysis use full, pleas click like. If you have comments please do!!!***
Nota
Set up is still holding! Ready for the inevitable move, likely downwards. If it breaks (and ideally retests) the support area I would go short.
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.