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AUDCHF ascending wedge

February 18, 2010 By Raj Leave a Comment

The following is the four hour chart of AUDCHF as of Feb. 19th, around 12 AM EST. If you observe the chart you can see that it is going in an ascending wedge. It looks like it is breaking the bottom trend line of the wedge. If there is a strong candlestick formed breaking the bottom trend line of the ascending wedge it’s a good opportunity to enter a sell trade. Moreover the CCI and Stochastics haven’t reached the oversold region yet. I will observe the hourly chart and if a strong bearish candlestick is formed breaking the bottom trend line it’s a good opportunity to enter a sell trade. What do you guys say?

Check the following pictures of AUDCHF currency pair.

AUDCHF Four Hour Chart:

AUDCHF Four Hour Chart

AUDCHF Four Hour Chart

AUDCHF Hourly Chart:

AUDCHF Hourly Chart

AUDCHF Hourly Chart

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AUDCHF sell trade opportunity

January 28, 2010 By Raj Leave a Comment

The following is the hourly chart as of Jan. 29th, 1AM EST. There is a resistance line at the bottom of the chart. If the resistance line is broken with a strong bearish candlestick there is a very good sell trade opportunity. What do you guys say?

AUDCHF hourly chart

AUDCHF hourly chart

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AUDCHF fourhour chart short trade opportunity

January 14, 2010 By Raj Leave a Comment

The following is the AUDCHF four hour chart as of Jan. 14th, around 4 PM EST. If you observe the graph

1) There is a resistance at the top of the chart.

2) A bearish engulfing candlesticks are formed at this resistance.

3) CCI is in overbought region and trying to cross below the 100 line.

4) Stochastics is in overbought region and trying to cross below the 80 line.

All the above conditions are favoring for a downward movement. So I think it’s a good time to see this currency pair. What do you guys say?

audchf four hour short trade opportunity

audchf four hour short trade opportunity

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