Daily Analysis on AUDCHF by ThinkingAntsOk
Use this as a guide to develop your personal view of the chart:
Main items we can see on the daily chart:
a) Currently, the price is on a Flag Pattern formation (continuation structure)
b) Before the Flag Pattern, the price broke the ascending trendline (Bullish Weakness)
c)We can see a clear Support/Resistance zone on the chart where the price was rejected
d)Our forecast for AUDCHF is that: IF price breaks below the Flag Pattern we will consider that a new bearish movement has started
e)Our Target will be the next support zone (Daily Target)
Main items we can see on the daily chart:
a) Currently, the price is on a Flag Pattern formation (continuation structure)
b) Before the Flag Pattern, the price broke the ascending trendline (Bullish Weakness)
c)We can see a clear Support/Resistance zone on the chart where the price was rejected
d)Our forecast for AUDCHF is that: IF price breaks below the Flag Pattern we will consider that a new bearish movement has started
e)Our Target will be the next support zone (Daily Target)
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